EnerSys (ENS) Misses Q2 EPS by 3c

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EnerSys Reports Second Quarter Fiscal 2023 Results

November 9, 2022 4:15 PM EST

$899 million net sales, including ($45) million FX impact; +14% y/y as reported, second highest quarterly revenueNet sales +19% y/y in Constant Currency ("CC")(a)Thin Plate Pure Lead (TPPL) revenue approx +30%Adj GM +120 bps sequentially as price/mix improvements eclipsed sequential cost increases$1.4 billion backlog, +38% y/y, remains healthy supported by robust demand and order trends across all segmentsOoltewah plant closure and transition to Richmond executing as planned; on track for ~$8 million annual cost savingsSuccessfully launched NexSys® customer day featuring TPPL and lithium-ion line tours with 300 key decision makers$4 million/yr... More