earnings
confidence high
sentiment positive
materiality 0.75
EnerSys reports record Q4 net sales of $990M, EPS $1.59, adjusted EPS $1.82
EnerSys
2023-FY EPS reported
$4.25
revenue$3,708,579,000
- Q4 net sales $990M (+9% YoY); GAAP diluted EPS $1.59 vs $0.67; adjusted diluted EPS $1.82 vs $1.20.
- Gross margin 24.9% (+340bps) incl $17M IRA tax credit; record operating earnings $95M.
- Full-year fiscal 2023 record net sales $3.7B (+10%); operating cash flow $280M; free cash flow $191M.
- Backlog $1.3B, down 7% sequentially but 2x pre-COVID; net leverage reduced to 1.8x EBITDA.
- Board declares unchanged quarterly dividend $0.175/share, payable June 30 to holders of record June 16.