EnerSys Inc

ENS

Equity

ISIN US29275Y1029 / Valor 1865089

New York Stock Exchange, Inc (2025-04-04)

USD 80.89-2.80%

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

Fourth Quarter Revenue

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

Gross Margin Improvement

In the fourth quarter of fiscal 2024, EnerSys Inc achieved a gross margin of 27.9%, which represents an improvement of 300 basis points from the previous year. 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's diluted earnings per share (EPS) for the fourth quarter of fiscal 2024 was $1.48, a 7% decrease from the prior year's $1.59. However, the adjusted diluted EPS increased by 14% to $2.08, aligning with the company's guidance range of $1.98 to $2.08.

Full Year Financial Performance

For the full fiscal year 2024, EnerSys Inc reported net sales of $3.6 billion, a 3% decrease from fiscal 2023. Despite the decline in sales, the company achieved a record diluted EPS of $6.50, a 53% increase from the previous year, and an adjusted diluted EPS of $8.35, up 56%.

Shareholder Returns and Outlook

EnerSys Inc returned $130 million to shareholders through share repurchases and dividends in fiscal 2024. Looking ahead, the company remains focused on achieving its long-term targets and capitalizing on growth opportunities in the energy systems and storage solutions market, as outlined during its Investor Day.

Summarized from source with an LLMView Source

Key figures

-11.3%1Y

4.96%3Y

85.7%5Y

Performance

27.1%1Y

32.6%3Y

35.3%5Y

Volatility