EnerSys Stock Price, News & Analysis

EnerSys reported $899 million in net sales for Q2 FY2023, a 14% increase year-over-year, despite a $45 million foreign exchange impact. Adjusted diluted EPS rose to $1.11, exceeding guidance of $1.05 to $1.15. The company boasts a healthy backlog of $1.4 billion, up 38% year-over-year. Adjusted gross margin improved by 120 bps sequentially, driven by effective pricing strategies. Looking ahead, guidance for Q3 FY2023 projects adjusted EPS between $1.20 to $1.30.

EnerSys (NYSE: ENS) will announce its second quarter fiscal 2023 financial results on November 9, 2022, after market close. A conference call will be held the next day, November 10, 2022, at 9:00 AM ET to discuss the results. Investors can access the press release and presentation on the company's Investor Relations website. EnerSys is a leader in stored energy solutions for industrial applications, manufacturing batteries, chargers, and power equipment for various sectors.

EnerSys (NYSE: ENS) announced that Joern Tinnemeyer, Senior VP and CTO, along with Shawn O’Connell, President of Motive Power Global, will host a Tech Talk on September 27, 2022, at 3:00 p.m. ET. The discussion will focus on the strategic advantages of the company's proprietary Thin Plate Pure Lead (TPPL) technology in the motive power industry. EnerSys is a leader in stored energy solutions, providing various battery systems and solutions for multiple industries worldwide.

EnerSys (NYSE: ENS) has declared a quarterly cash dividend of $0.175 per share, payable on September 30, 2022, to shareholders on record as of September 16, 2022. The company is a leader in stored energy solutions for industrial applications, providing a range of products including motive power batteries, specialty batteries, and battery chargers. EnerSys's recent acquisition of NorthStar enhances its market position for Thin Plate Pure Lead batteries. This dividend declaration reflects EnerSys's commitment to returning capital to its stockholders.

EnerSys reported first quarter fiscal 2023 net sales of $899 million, a 10.3% increase year-over-year, marking the second highest quarterly revenue. However, diluted GAAP EPS fell to $0.75, down from $1.01 the previous year. Adjusted diluted EPS was $1.15, slightly below the $1.25 from last year. The company anticipates FX headwinds and inflation to persist, forecasting adjusted EPS of $1.05 to $1.15 for Q2. Key initiatives include an $8 million annual saving from plant closures and expansion of distribution capabilities.

EnerSys (NYSE: ENS) aims for Scope 1 greenhouse gas neutrality by 2040 and Scope 2 neutrality by 2050, showcasing its commitment to sustainability. The company plans to unveil a detailed roadmap within 24 months, focusing on investments for decarbonization. President & CEO David M. Shaffer emphasized the importance of sustainability in their operations and manufacturing processes. EnerSys manufactures energy storage solutions that support the transition to renewable energy, highlighting their role in reducing carbon footprints.

EnerSys has appointed Rudolph (Rudy) Wynter as a Class I director, effective immediately. Wynter brings over 30 years of experience from National Grid, where he held various senior roles focusing on regulated energy delivery and clean energy technologies. His expertise in grid resilience is expected to add significant value to EnerSys' leadership team. The company's executives expressed optimism about Wynter's contributions to their board, which aligns with their succession planning and overall strategy for growth.

EnerSys (NYSE: ENS) announced it will release its Q1 fiscal 2023 financial results for the period ending July 3, 2022 on August 10, 2022, after market close. The details will be published on the company’s Investor Relations webpage, with a follow-up conference call scheduled for 9:00 AM (ET) on August 11 to discuss results. EnerSys, a leader in stored energy solutions for industrial applications, provides a range of energy systems and specialty batteries globally. For further information, stakeholders can visit www.enersys.com.

EnerSys (NYSE: ENS) has announced a Tech Talk scheduled for June 23, 2022, at 2:00 p.m. ET, hosted by Joern Tinnemeyer, Senior VP and CTO. This event will focus on the company's evolution from traditional lead batteries to integrated solutions in energy storage, power electronics, and software. The virtual event can be accessed live or via replay on their Investor Relations website. EnerSys is recognized as a leader in stored energy solutions for industrial applications, servicing customers worldwide through various products including motive power batteries and energy systems.