EnerSys Inc

ENS

Equity

ISIN US29275Y1029 / Valor 1865089

New York Stock Exchange, Inc (2024-09-17)

USD 101.16+1.02%

EnerSys Inc
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About company

EnerSys Inc, a global leader in stored energy solutions for industrial applications, recently introduced an optional Accelerated Throughput Package for select NexSys TPPL batteries. The company is known for providing mission critical stored energy solutions that prioritize energy efficiency, reliability, and sustainability. EnerSys maintains its leadership position by offering world-class products and services through total employee involvement, teamwork, and supplier partnerships. The company's commitment to exceeding customer expectations and delivering high-quality products and services shapes its vision for progress and helps customers achieve their goals.

Summarized from source with an LLMView SourceSector: Technology

Net Sales

EnerSys Inc. reported net sales of $910.7 million for the fourth quarter of fiscal 2024, which represents an 8% decrease compared to the same quarter in fiscal 2023. This decline was primarily driven by a 7% decrease in organic volume and a 1% negative impact from foreign currency translation.

Gross Margin

For the fourth quarter of fiscal 2024, EnerSys Inc. achieved a gross margin of 27.9%, which is an improvement of 300 basis points from the prior year's fourth quarter. The adjusted gross margin was slightly higher at 28.0%, benefiting from $36 million in tax credits from the Inflation Reduction Act.

Earnings Per Share

EnerSys Inc. reported diluted earnings per share (EPS) of $1.48 for the fourth quarter of fiscal 2024, a 7% decrease from the $1.59 reported in the same quarter of the previous year. However, the adjusted diluted EPS was $2.08, marking a 14% increase from the prior year's adjusted EPS of $1.82.

Operating Cash Flow

In the fourth quarter of fiscal 2024, EnerSys Inc. generated an operating cash flow of $137 million. This strong cash flow performance contributed to a reduction in the company's net leverage ratio to 1.0 times EBITDA.

Full Year Performance

For the full fiscal year 2024, EnerSys Inc. reported net sales of $3.6 billion, a 3% decrease from the previous fiscal year. Despite the decline in sales, the company achieved a record diluted EPS of $6.50, a 53% increase from the prior year, and an adjusted diluted EPS of $8.35, up 56% year-over-year.

Summarized from source with an LLMView Source

Key figures

4.63%1Y

33.4%3Y

55.2%5Y

Performance

28.8%1Y

33.4%3Y

40.4%5Y

Volatility