---
schema_version: "secwatch.filing_event.v1"
accession: "0001289308-23-000039"
form_type: "8-K"
ticker: "ENS"
cik: "0001289308"
company_name: "EnerSys"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T21:35:55.558836+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# EnerSys posts record Q1 EPS $1.60, adjusted $1.89; raises dividend 29% to $0.225

## Summary
- Net sales $909M (+1% YoY); record GAAP EPS $1.60 ($0.85 YoY increase), adjusted EPS $1.89.
- Record gross margin 26.4% (+580 bps); includes $19M IRA 45X tax credit benefit.
- Operating earnings $89M (+78%); adjusted operating earnings $107.2M (+65%).
- Quarterly dividend raised 29% to $0.225/share, payable Sep 29, record Sep 15.
- Reduced net leverage to 1.5x EBITDA; operating cash flow $75M.

## SEC filing metadata
- accession: 0001289308-23-000039
- form_type: 8-K
- ticker: ENS
- cik: 0001289308
- company_name: EnerSys
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289308/000128930823000039/0001289308-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289308/000128930823000039/ens-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289308-23-000039
- JSON: https://secwatch.observer/filing/0001289308-23-000039.json
- Plain text: https://secwatch.observer/filing/0001289308-23-000039.txt

## Key facts
- Earnings Releases
  EnerSys reported first quarter of fiscal 2024 results: revenue $908.6, net income $66.8, EPS $1.60.
  - Period: first quarter of fiscal 2024
  - Revenue: $908.6
  - Net income: $66.8
  - EPS: $1.60
  - Result: reported results
  source text: MORE THAN DOUBLE PRIOR YEAR First Quarter Fiscal 2024 Highlights (All comparisons against the first quarter of fiscal year 2023 unless otherwise noted) • Delivered net sales of $909M, +1% on customers normalizing inventory levels • Achieved record GM of 26.4%, +580 bps, including $19M benefit from Inflation Reduction Act IRC 45X tax credits • Generated
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289308/000128930823000039/0001289308-23-000039-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.