earnings
confidence high
sentiment positive
materiality 0.85
EnerSys Q4 adjusted EPS $2.08, +14% YoY; announces Bren-Tronics acquisition
EnerSys
2024-FY EPS reported
$6.50
revenue$3,581,871,000
- Q4 net sales $911M (-8% YoY); GAAP EPS $1.48; adjusted EPS $2.08 (+14% YoY); gross margin 27.9% (+300 bps).
- FY2024: net sales $3.6B (-3%); GAAP EPS $6.50 (+53%); adjusted EPS $8.35 (+56%); operating cash flow $457M (+$177M).
- Agreed to acquire Bren-Tronics (portable power for defense); expected close near end of fiscal Q1 2025; immediately accretive.
- Quarterly dividend raised 29% to $0.225 per share, payable June 28, 2024; record date June 14, 2024.
- Data center revenue up 10% sequentially, now 10% of total; selected Greenville, SC for lithium-ion gigafactory with $200M funding.