EnerSys Stock Price, News & Analysis

EnerSys (NYSE: ENS) has declared a quarterly cash dividend of $0.175 per share, payable on March 31, 2023, to shareholders of record as of March 17, 2023. As the global leader in stored energy solutions, EnerSys provides a range of energy systems and specialty batteries across various industries. This dividend reflects the company's ongoing commitment to returning capital to shareholders.

EnerSys' products are integral to sectors such as telecommunications, utilities, and industrial applications, underscoring its crucial role in energy storage solutions.

EnerSys reported record net sales of $920 million for Q3 FY2023, marking a 9% year-over-year increase. Adjusted operating earnings reached a record $85 million, up 41% year-over-year. Despite facing foreign exchange headwinds and inflation, the company improved gross margins to 23.2%, a 150 bps rise sequentially. With a backlog of $1.3 billion, demand remains strong across all segments. The outlook for Q4 FY2023 predicts adjusted diluted EPS between $1.33 and $1.43. Key challenges include ongoing inflation and supply chain unpredictability.

EnerSys (NYSE: ENS) will release its third quarter fiscal 2023 financial results on February 8, 2023, after the market close. The results will cover the period ending January 1, 2023. Investors can access the press release and accompanying slide presentation via the Investor Relations section of the company's website. A conference call is scheduled for February 9, 2023, at 9:00 AM ET, where management will discuss the financial results. EnerSys specializes in stored energy solutions, manufacturing a range of products for industrial applications, and emphasizes sustainability in its operations.

EnerSys (NYSE: ENS) has successfully closed a $150 million trade receivable securitization facility with Wells Fargo, aimed at enhancing its balance sheet and providing annual interest savings of around $1.4 million. The facility, which has a three-year term, is expected to reduce interest expenses and lower leverage under its Credit Agreement. CFO Andrea J. Funk highlighted that this move will improve cash flow over time. This transaction marks a significant step in EnerSys' strategy to optimize financial performance amidst ongoing economic conditions.

EnerSys (NYSE: ENS) has appointed Tamara Morytko as a Class II director, effective immediately. Morytko, currently President of the Pumps Division at Flowserve, brings extensive experience in industrial manufacturing operations. Her past roles include COO at Norsk Titanium and various leadership positions at Baker Hughes and Pratt & Whitney. The board's chair, Arthur T. Katsaros, highlighted her expertise as a boost to the board's depth and succession initiatives. CEO David M. Shaffer noted her experience will support EnerSys' leadership and strategic objectives.

EnerSys (NYSE: ENS), a leader in stored energy solutions for industrial applications, announced a Tech Talk to discuss its energy systems offerings and lithium strategy. Scheduled for December 13, 2022, at 3:00 p.m. ET, the event will feature Senior VP Joern Tinnemeyer and President Drew Zogby. The talk will be accessible live and via replay on the company's Investor Relations site. EnerSys provides a range of energy systems, motive power batteries, and aftermarket services globally, solidifying its market position through strategic acquisitions and a commitment to sustainability.

EnerSys (NYSE: ENS), a leader in stored energy solutions, announced that Andrea J. Funk, Executive Vice President and CFO, will participate in a fireside chat at the Wells Fargo 6th Annual TMT Summit on November 29, 2022, at 10:00 a.m. PT (1:00 p.m. ET). The event will be accessible via live webcast and archived for future viewing on the Investor Relations page of EnerSys' website.

EnerSys specializes in energy systems and batteries used across diverse industries, including telecommunications and electric vehicles, and aims to minimize its environmental footprint as part of its sustainability initiatives.