earnings
confidence high
sentiment positive
materiality 0.80
EnerSys Q3 FY2024 EPS $1.86 (+72% YoY); gross margin 28.9% (+570 bps)
EnerSys
2024-Q3 EPS reported
$5.02
revenue$2,671,150,000
- Net sales $862M, down 6% YoY; telecom/broadband demand pauses partially offset by strength in Specialty and data centers.
- GAAP diluted EPS $1.86; adjusted diluted EPS $2.56 (+102% YoY).
- Gross margin 28.9% includes $59M benefit from IRA/45X tax credits; adjusted gross margin 30.7%.
- Dividend raised to $0.225/share (from $0.175), payable March 29, 2024 to holders of record March 15, 2024.
- Subsequent to quarter end issued $300M 6.625% senior notes due 2032; net leverage reduced to 1.1x EBITDA.