Welcome to our dedicated page for EnerSys news (Ticker: ENS), a resource for investors and traders seeking the latest updates and insights on EnerSys stock.
EnerSys reports developments in stored energy solutions for industrial applications, including energy systems, motive power batteries, specialty batteries, chargers, power equipment, accessories and outdoor enclosure solutions. The company serves applications in telecommunications, broadband, utilities, uninterruptible power supplies, electric industrial vehicles, aerospace and defense, medical and security systems, and energy storage management.
Recurring news includes fiscal results, dividends, investor presentations, manufacturing footprint changes and technology updates around proprietary Thin Plate Pure Lead battery production. Coverage also reflects its Energy Systems, Motive Power, Specialty and New Ventures lines, aftermarket support and customer activity across global sales and manufacturing operations.
EnerSys (NYSE:ENS) announced the integration of its ABSL™ Lithium-ion batteries into NASA's James Webb Space Telescope, launched on December 25, 2021. Selected by Northrop Grumman, EnerSys provided these batteries, ensuring stringent design and reliability critical for space missions. This collaboration marks nearly a decade of partnership, showcasing EnerSys' role in advancing space exploration.
The James Webb Space Telescope, the most powerful telescope ever built, aims to study cosmic history and will operate for the next decade.
EnerSys (NYSE: ENS) has joined the United Nations Global Compact (UNGC), marking a significant step in its sustainability strategy. With more than 14,000 companies globally in the UNGC, EnerSys pledges to support the Ten Principles concerning human rights, labor, environment, and anti-corruption. CEO David M. Shaffer emphasized the alignment of these principles with the company's core values, as EnerSys aims for a transition to a low-carbon energy future. The commitment involves annual progress reports to highlight sustainability efforts.
EnerSys (NYSE: ENS) has announced a new $100 million stock repurchase authorization with no expiration date, allowing repurchases in the open market or through negotiated transactions, dependent on market conditions. The buyback emphasizes the company's intention to return value to shareholders. Additionally, a quarterly cash dividend of $0.175 per share has been declared, payable on December 31, 2021, to shareholders of record as of December 17, 2021. This initiative reflects EnerSys' commitment to enhancing shareholder value.
EnerSys (NYSE: ENS) announced the upcoming retirement of CFO Michael J. Schmidtlein, effective March 31, 2022, after 26 years with the company. His contributions included leading segment reporting changes and strengthening financial infrastructure. Andrea J. Funk, currently VP of Finance for the Americas, will take over as CFO on April 1, 2022. Funk has extensive experience in various financial roles and played a key role in integrating the Alpha acquisition. The transition reflects EnerSys's long-term succession planning aims to maintain value for shareholders.
EnerSys (ENS) reported Q2 fiscal 2022 results, with net sales rising 12% YoY to $791M. The backlog exceeded $1B, driven by strong demand across all lines, although supply chain disruptions impacted earnings. Net earnings were $35.6M ($0.82/share), slightly down from $35.7M ($0.83/share) in Q2 FY21. Adjusted earnings per share were $1.01, missing guidance of $1.03-$1.13. Despite inflationary pressures, pricing initiatives began to take hold, particularly in Energy Systems. The company expects adjusted EPS of $0.96-$1.06 for Q3 FY22.
EnerSys (NYSE: ENS) has partnered with the U.S. Department of Energy's Better Plants program to enhance energy efficiency. The company aims for a 25% increase in energy productivity over ten years, aligning with the program's goals of improving resilience and economic potential for manufacturers. Participants have collectively saved over 1.9 quadrillion BTUs and $9.3 billion in energy costs. EnerSys's commitment underscores its leadership in efficiency and supports national manufacturing competitiveness.
EnerSys (NYSE: ENS) will host a conference call on November 11, 2021, at 9:00 a.m. ET, to discuss its Q2 fiscal 2022 financial results. The call will be led by David M. Shaffer (CEO) and Michael J. Schmidtlein (CFO), followed by a Q&A session. Investors can access the live webcast on the company's website. A replay will be available post-call until December 11, 2021. EnerSys is a leader in stored energy solutions, providing various battery and power system products for industrial applications globally.
EnerSys (NYSE: ENS) has joined the CEO Water Mandate, a UN Global Compact initiative, reinforcing its commitment to sustainable water strategies. This collaboration aims to enhance water stewardship practices across its global operations. EnerSys emphasizes its dedication to resource efficiency through innovations like Thin Plate Pure Lead (TPPL) battery technology, which significantly reduces water usage. The CEO Water Mandate now includes over 200 companies, aiming to address water risks and contribute to global water security and sustainability goals.
EnerSys (NYSE: ENS) has declared a quarterly cash dividend of $0.175 per share, payable on September 24, 2021, to shareholders of record by September 10, 2021. The company, a leader in stored energy solutions for industrial applications, specializes in manufacturing energy systems, motive power batteries, and specialty batteries.
This dividend reflects EnerSys' commitment to returning capital to stockholders amid its strategic focus on growth in various sectors including telecommunications and defense.
EnerSys (NYSE: ENS) reported a solid first quarter for fiscal 2022, with net sales reaching $814.9M, a 16% increase compared to Q1 FY21. The company's adjusted net earnings per diluted share rose to $1.25, exceeding the guidance of $1.15 to $1.25. Despite challenges from supply chain disruptions, the backlog grew by $157M, reflecting strong demand across segments. Motive Power segment showed remarkable growth with sales up 27.9%. However, operating earnings for the Energy Systems segment declined by 67.8%.