---
schema_version: "secwatch.filing_event.v1"
accession: "0001289308-23-000050"
form_type: "8-K"
ticker: "ENS"
cik: "0001289308"
company_name: "EnerSys"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T08:49:32.694942+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# EnerSys Q2 FY2024 EPS $1.56 (+86% YoY); record gross margin 26.6%; dividend raised to $0.225

## Summary
- Q2 FY2024 net sales $901M (record Q2); GAAP diluted EPS $1.56 (+86% YoY); adjusted diluted EPS $1.84 (+66% YoY).
- Record gross margin 26.6% (+490 bps YoY) driven by $22M IRA 45X tax credit benefit.
- Operating cash flow $111M; net leverage reduced to 1.4x EBITDA; share repurchases $47.3M in quarter.
- Quarterly dividend increased to $0.225/share (from $0.175), payable Dec 29 to holders of record Dec 15.
- Shawn O'Connell appointed President Energy Systems Global; Chad Uplinger named President Motive Power Global.

## SEC filing metadata
- accession: 0001289308-23-000050
- form_type: 8-K
- ticker: ENS
- cik: 0001289308
- company_name: EnerSys
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289308/000128930823000050/0001289308-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289308/000128930823000050/ens-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289308-23-000050
- JSON: https://secwatch.observer/filing/0001289308-23-000050.json
- Plain text: https://secwatch.observer/filing/0001289308-23-000050.txt

## Key facts
- Earnings Releases
  EnerSys reported Second quarter fiscal 2024 results: revenue $901.0, net income $65.2, EPS $1.56.
  - Period: Second quarter fiscal 2024
  - Revenue: $901.0
  - Net income: $65.2
  - EPS: $1.56
  - Result: reported results
  source text: Delivered net sales of $901M, a record second quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289308/000128930823000050/0001289308-23-000050-index.htm
- Earnings Releases
  EnerSys reported Second quarter fiscal 2024 results: revenue $901.0, net income $65.2, EPS $1.56.
  - Period: Second quarter fiscal 2024
  - Revenue: $901.0
  - Net income: $65.2
  - EPS: $1.56
  - Result: reported results
  source text: EPS OF $1.56, UP 86% FROM PRIOR YEAR Second Quarter Fiscal 2024 Highlights (All comparisons against the second quarter of fiscal year 2023 unless otherwise noted) • Delivered net sales of $901M, a record second quarter • Achieved record GM of 26.6%, +490 bps, including $22M benefit from Inflation Reduction Act IRC 45X tax credits • Generated operating earnings of $89M, +63%, and adjusted operating earnings (2) of $103M, +58% • Realized diluted EPS of $1.56, +86%, and adjusted diluted EPS (1) of $1.84, +66% • Reduced net leverage (a) to 1.4X EBITDA on operating cash flow of $111M • Received initial order for 50 systems from our Fast Charge and Storage (FC&S) launch customer • Won Environmental Finance Energy Efficiency Initiative of the Year award for EOS lean management energy and waste reduction achievements READING, Pa.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289308/000128930823000050/0001289308-23-000050-index.htm
- Executive change
  Andrew M. Zogby departed as President, Energy Systems Global at EnerSys.
  - Action: ceased to be
  - Role: President, Energy Systems Global
  source text: Andrew M. Zogby ceased to be President, Energy Systems Global of EnerSys, but continues with EnerSys in an executive advisory role through his retirement on March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289308/000128930823000050/0001289308-23-000050-index.htm
- Executive change
  Shawn M. O’Connell was appointed as President, Energy Systems Global at EnerSys.
  - Action: appointed
  - Role: President, Energy Systems Global
  source text: Shawn M. O’Connell was appointed President, Energy Systems Global of EnerSys
  evidence_url: https://www.sec.gov/Archives/edgar/data/1289308/000128930823000050/0001289308-23-000050-index.htm

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