earnings
confidence high
sentiment neutral
materiality 0.70
EnerSys Q1 FY2023 sales $899M (+10.3% YoY); GAAP EPS $0.75, adjusted $1.15
EnerSys
2023-Q1 EPS reported
$0.75
revenue$898,971,000
- Net sales $899M (+10.3% YoY); records first quarter orders over $1B, backlog $1.5B.
- GAAP diluted EPS $0.75 down from $1.01; adjusted diluted EPS $1.15 down from $1.25.
- Adjusted operating earnings $64.8M vs $75.1M YoY; adjusted EBITDA $85.5M vs $93.6M.
- Closure of Ooltewah plant expected to save ~$8M annually; new Richmond DC opened.
- Quarterly dividend maintained at $0.175/share, payable Sept 30, 2022.