earnings
confidence high
sentiment positive
materiality 0.70
EnerSys Q2 FY2023 net sales $899M (+14% y/y); adjusted EPS $1.11 vs $1.01; backlog $1.4B +38%
EnerSys
2023-Q1 EPS reported
$1.59
revenue$1,798,408,000
- Net sales $899M, +14% y/y (+19% constant currency); second highest quarterly revenue.
- GAAP diluted EPS $0.84; adjusted diluted EPS $1.11 (vs $1.01 y/y).
- Backlog $1.4B, up 38% y/y; TPPL revenue rose approx 30%.
- Ooltewah plant closure on track for ~$8M annual cost savings; sustainability capex $4M/yr.
- Quarterly dividend maintained at $0.175/share, payable Dec 30, record Dec 16.