EnerSys Stock Price, News & Analysis

EnerSys (NYSE: ENS) reported its fourth quarter and fiscal year 2024 results, ending March 31, 2024.

Fourth-quarter net sales were $911 million, an 8% decrease from the previous year, mainly due to temporary spending pauses in telecom and broadband sectors.

The gross margin improved by 300 basis points to 27.9%, driven by cost-improvement actions and tax credits.

Full-year net sales declined by 3% to $3.6 billion. Despite this, the company achieved a record diluted EPS of $6.50, up 53%, and an adjusted diluted EPS of $8.35, up 56%.

EnerSys announced the acquisition of Bren-Tronics, expected to close by the end of the fiscal first quarter.

The company's fiscal 2025 outlook includes net sales between $3.675 billion and $3.825 billion and adjusted diluted EPS between $8.55 and $8.95.

EnerSys is advancing its lithium-ion cell gigafactory and expects funding awards from the Department of Energy in August.

EnerSys (NYSE: ENS) has announced a quarterly cash dividend of $0.225 per share for the first quarter of fiscal year 2025. The dividend is payable on June 28, 2024, to shareholders recorded as of June 14, 2024. EnerSys is a leading provider of stored energy solutions for industrial applications.

EnerSys (NYSE: ENS) has published its 2023 Sustainability Report, revealing significant progress in its environmental, social, and governance (ESG) goals. Key achievements include a 4.2% reduction in Scope 1 emissions since 2022 and a 25% reduction since 2019, a 15% reduction in energy intensity since 2020, and a 10% absolute reduction in water usage from 2022 to 2023. The report also includes 2023 Scope 3 data and an appendix aligned with the EU Corporate Sustainability Reporting Directive. EnerSys emphasizes its commitment to sustainability and helping customers achieve CO2 reductions through its electric product offerings.

EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial applications, has won the 2024 Energy Storage Product of the Year Award at the Electrical Review and Data Centre Review Excellence Awards. The company was also shortlisted for the Energy Storage/UPS Project of the Year and Data Center Power Project of the Year Awards.

This recognition highlights EnerSys' dedication to excellence, innovation, and sustainability in energy storage and power management. The award-winning PowerSafe® SBS XL 2V battery features Thin Plate Pure Lead (TPPL) technology, offering the longest design life for grid float applications, high energy density, and reduced hydrogen emissions.

EnerSys Sales Director, Industrial EMEA, James Coldrick, emphasized the company’s commitment to enhancing Total Cost of Ownership, power density, and charging efficiency. This accolade underscores EnerSys' role in providing reliable, sustainable power solutions for industrial and utility sectors.

EnerSys, a global leader in stored energy solutions, is set to acquire Bren-Tronics, Inc. for $208 million in cash, expanding its presence in critical defense applications. Bren-Tronics is a top manufacturer of portable power solutions for military and defense, with strong engineering capabilities and a lithium expertise that aligns with EnerSys' strategic goals. The acquisition is expected to boost revenue and profitability, driving innovation and enhancing services.

EnerSys, a global leader in stored energy solutions for industrial applications, has announced the release of its fourth quarter and full year fiscal 2024 financial results for the period ended March 31, 2024. The results will be available after the market close on Wednesday, May 22, 2024, with a conference call scheduled for 9:00 AM (ET) on Thursday, May 23, 2024.