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) has declared a quarterly cash dividend of $0.175 per share, payable on September 25, 2020, to stockholders of record as of September 11, 2020. As a leader in stored energy solutions, EnerSys continues to support its investors through consistent capital returns, highlighting its commitment to shareholder value. This announcement follows the company's recent acquisition of NorthStar, further solidifying its market leadership in Thin Plate Pure Lead batteries across multiple applications.
EnerSys (NYSE: ENS) reported its Q1 FY2021 results, revealing net sales of $705M, a 10% decline YoY, impacted by COVID-19 disruptions in its Motive Power business. Energy Systems remained stable with only a 0.1% drop in sales. Gross profit margins were steady at 25%, while operating earnings margin fell by 130 bps. Despite challenges, the company generated strong operating cash flow of $117M and is on track with a TPPL capacity expansion. Adjusted net earnings per diluted share stood at $0.92, down from $1.30 YoY, while net earnings attributable to stockholders were $35.2M, or $0.82 per diluted share.
EnerSys (NYSE: ENS) will host a conference call on August 13, 2020, at 9:00 a.m. ET to discuss its fiscal 2021 first-quarter financial results. The call will be led by CEO David M. Shaffer and CFO Michael J. Schmidtlein, followed by a Q&A session. A live webcast will be available on the company's website, and presentation materials will be released the evening prior. A replay will be accessible from 12:00 p.m. ET on the same day until 12:00 p.m. ET on September 12, 2020.
EnerSys (NYSE: ENS) reported a net loss of $1.5 million for Q4 FY2020, equating to $0.04 per diluted share. This loss was influenced by an unfavorable net tax impact of $49 million, compared to a net income of $18.5 million in Q4 FY2019. Total net sales for Q4 FY2020 were $781.8 million, down 2% from the previous year. Despite challenges from COVID-19, the company anticipates recovery due to ongoing defense contracts and opportunities in 5G. However, impairment charges of $44.2 million were noted, impacting overall financial performance.
EnerSys (NYSE: ENS) announces the retirement of board members John F. Lehman and Dennis S. Marlo at the upcoming annual meeting on July 30, 2020. Both have been key contributors since the company's IPO in 2004. To fill their roles, new nominees Caroline Chan and Steven M. Fludder will join the board, bringing their expertise in wireless technology and smart energy solutions. Chan has held significant positions at Intel, while Fludder has led NEC Energy Solutions. These changes aim to enhance EnerSys’ governance as it navigates future growth opportunities.
EnerSys (NYSE: ENS) plans to release its fourth quarter and full year fiscal 2020 results on June 1, 2020. Following the results, a conference call will be held on June 2, 2020, at 9:00 a.m. ET, led by CEO David M. Shaffer and CFO Michael J. Schmidtlein. The call will discuss financial results and include a Q&A session. Interested parties can access the live webcast on the company's website. Conference call replay will be available after the session until July 2, 2020.
EnerSys (NYSE: ENS) plans to disclose its fourth quarter and full year fiscal 2020 results on June 1, 2020. A conference call is scheduled for June 2, 2020, at 9:00 a.m. ET, hosted by CEO David M. Shaffer and CFO Michael J. Schmidtlein. This call will cover financial results and include a Q&A session. A live webcast will be accessible on the company's website prior to the call, with presentation materials available the evening before. A replay of the call will be available from June 2 to July 2, 2020.
EnerSys (NYSE: ENS) has declared a quarterly cash dividend of $0.175 per share, payable on June 26, 2020 to shareholders of record as of June 12, 2020. This initiative underscores EnerSys' commitment to returning capital to its stockholders. The company, a leader in stored energy solutions for industrial applications, serves various sectors including telecommunications, utilities, and defense. Following its recent acquisition of Alpha, EnerSys aims to enhance its offerings in power solutions.