secwatch.observer — SEC 8-K summary
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Issuer:     EnerSys (ENS)
CIK:        0001289308
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001289308-23-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.82
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1289308/000128930823000050/0001289308-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1289308/000128930823000050/ens-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001289308-23-000050

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