EnerSys reports record Q3 FY2023 revenue of $920M, adjusted EPS $1.27 beats guidance

EnerSys

2023-Q1 EPS reported $2.66 revenue$2,718,635,000

Record net sales $920M, +9% YoY; GAAP diluted EPS $1.08, adjusted diluted EPS $1.27 above midpoint guidance.
Gross margin 23.2%, +140 bps YoY; GAAP operating earnings $79M, +53% YoY; adjusted operating earnings record $85M, +41% YoY.
Backlog $1.3B, +11% YoY; net leverage 2.3x; quarterly dividend maintained at $0.175/share payable March 31.
Board appointed Tamara Morytko as director; published first TCFD report on climate disclosures.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EnerSys reported third quarter of fiscal 2023 results: revenue $920.2 million, net income $44.4 million, EPS $1.08.

Period: third quarter of fiscal 2023
Revenue: $920.2 million
Net income: $44.4 million
EPS: $1.08
Result: reported results

Exact text from the filing

FINANCIAL RESULTS FOR THE THIRD QUARTER FISCAL 2023 ENERSYS REPORTS THIRD QUARTER FISCAL 2023 RESULTS DELIVERS RECORD REVENUE AND EXPANDED GROSS MARGIN • Record net sales of $920 million, +9% y/y, and +13% y/y in Constant Currency ("CC") (a) • GM 23.2%, +150 bps sequentially, +140 bps y/y as price/mix improvements eclipsed sequential cost increases • Operating

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Source: SEC EDGAR

accession 0001289308-23-000012

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