Revenue
Nature of Our Business - The Company, through its operating subsidiaries, is one of the world’s largest manufacturers, marketers and distributors of household batteries, specialty batteries and lighting products, and a leading designer and marketer of automotive fragrance, appearance, performance and air conditioning recharge products. We distribute our products to consumers through numerous retail locations worldwide, including mass merchandisers and warehouse clubs, food, drug and convenience stores, electronics specialty stores and department stores, hardware and automotive centers, e-commerce and military stores. We sell to our customers through a combination of a direct sales force and exclusive and non-exclusive third-party distributors and wholesalers.
The Company aggregates revenue by market, which is determined based on the predominant customer type or sales strategy utilized in the market. The North America sales are generally through large retailers with nationally or regionally recognized brands.
Our International sales are comprised of modern trade, developing and distributor market groups. Modern trade, which is most prevalent in Western Europe and more developed economies throughout the world, generally refers to sales through large retailers with nationally or regionally recognized brands. Developing markets generally include sales by wholesalers or small retailers who may not have a national or regional presence. Distributors are utilized in other markets where the Company does not have a direct sales force.
Global Professional sales are "business to business" sales and include sales to original equipment manufacturers as well as
industrial, medical, office and hearing aid distributors. These sales are evaluated outside of the geographic markets in which
they originate. The Net sales for the twelve months ended September 30, 2024 and 2023 were recast to breakout Global Professional Market sales from the previously reported geographic market.
Supplemental product and market information is presented below for revenues from external customers for the twelve months ended September 30, 2025, 2024 and 2023:
| | | | | | | | | | | | | | | | | |
| For the Twelve Months Ended September 30, |
| Net Sales | 2025 | | 2024 | | 2023 |
| Batteries | $ | 2,247.4 | | | $ | 2,161.4 | | | $ | 2,233.9 | |
| Auto Care | 620.0 | | | 627.5 | | | 614.8 | |
| Lights | 85.3 | | | 98.1 | | | 111.0 | |
| Total Net Sales | $ | 2,952.7 | | | $ | 2,887.0 | | | $ | 2,959.7 | |
| | | | | | | | | | | | | | | | | |
| For the Twelve Months Ended September 30, |
| Net Sales | 2025 | | 2024 | | 2023 |
| North America | $ | 1,649.9 | | | $ | 1,652.2 | | | $ | 1,698.7 | |
| Modern Markets | 491.8 | | | 448.1 | | | 445.6 | |
| Developing Markets | 322.8 | | | 329.6 | | | 329.3 | |
| Distributor Markets | 204.7 | | | 164.2 | | | 169.8 | |
| Global Professional | $ | 283.5 | | | $ | 292.9 | | | $ | 316.3 | |
| Total Net Sales | $ | 2,952.7 | | | $ | 2,887.0 | | | $ | 2,959.7 | |
The Company’s revenue is primarily generated from the sale of finished product to customers. Sales predominantly contain a single delivery element, or performance obligation, and revenue is recognized at a single point in time when title, ownership and risk of loss pass to the customer. This typically occurs when finished goods are delivered to the customer or when finished goods are picked up by a customer or customer’s carrier, depending on contract terms.