EnerSys reports Q2 FY2022 sales up 12% to $791M; CFO Schmidtlein to retire, Funk named successor

EnerSys

2022-Q2 EPS reported $1.83 revenue$1,606,288,000

Net sales of $791M, up 12% YoY; record backlog exceeds $1.0B.
Energy Systems operating earnings fell 95% to $1.2M; Motive Power op earnings up 70% to $41.0M.
CFO Michael J. Schmidtlein to retire March 31, 2022; Andrea J. Funk promoted to EVP & CFO effective April 1, 2022.
New $100M stock repurchase authorization with no expiration; quarterly dividend of $0.175/share declared, payable Dec 31.

item 2.02 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

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Departed

Michael J. Schmidtlein

Executive Vice President and Chief Financial Officer

ENS · EnerSys

Effective: 2022-03-31
Filed: November 10, 2021, 6:59 PM ET

On November 10, 2021, Michael J. Schmidtlein, Executive Vice President and Chief Financial Officer of EnerSys, provided notice of his intent to retire effective March 31, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael J. Schmidtlein retired as Executive Vice President and Chief Financial Officer at EnerSys.

Action: retired
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On November 10, 2021, Michael J. Schmidtlein, Executive Vice President and Chief Financial Officer of EnerSys, provided notice of his intent to retire effective March 31, 2022.

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EnerSys filing history →

Source: SEC EDGAR

accession 0001289308-21-000051

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