EnerSys
121.80+0.92 (+0.76%)
Oct 28, 4:00:02 PM EDT · NYSE · ENS · USD
Key Stats
Market Cap
4.56BP/E (TTM)
13.94Basic EPS (TTM)
8.74Dividend Yield
0.01%Recent Filings
8-K
EnerSys Q1 earnings and capital return
EnerSys reported Q1 fiscal 2026 net sales of $893M, up 5% year-over-year, fueled by the Bren-Tronics acquisition and strength in communications and data centers, while adjusted diluted EPS rose 5% to $2.08. The board boosted the quarterly dividend 9% to $0.2625 per share, payable September 26, and authorized a $1B stock repurchase over five years, signaling confidence amid tariff pressures. EnerGize initiative targets $80M annual cost savings via workforce cuts. Repurchases hinge on market conditions.
10-Q
Q1 FY2026 results
EnerSys posted Q1 FY2026 net sales of $893M, up 4.7% y/y from $853M, driven by 4% from acquisitions like Bren-Tronics, 1% price/mix gains, and 1% forex tailwinds, though organic volumes dipped 1%. Gross profit climbed 6.2% to $253M at a steady 28.4% margin, buoyed by IRA tax credits and pricing, yet offset by freight and materials pressures. Operating earnings slipped 5.3% to $86M (9.7% margin) amid $10M accelerated stock comp and $6M restructuring charges, while net earnings fell to $57M with diluted EPS at $1.46, down from $1.71 y/y—reconciled to 39.3M shares. Cash edged up to $347M with minimal $1M operating cash flow after $33M capex; free cash flow not disclosed in the 10-Q. The $206M all-cash Bren-Tronics buy closed July 2024, adding $51M goodwill and $91M intangibles amortized over 6-13 years in Specialty. Total debt stands at $1.3B including $600M Senior Notes (4.4-6.6%, due 2027-2032) and $675M under the 2026 revolver with $468M availability. Restructuring risks loom from facility closures and workforce cuts.
8-K
Annual meeting results
EnerSys stockholders at the July 31, 2025 annual meeting elected Howard I. Hoffen, Shawn M. O'Connell, and Ronald P. Vargo to the board, with strong support exceeding 85% for each. They ratified Ernst & Young LLP as auditors for the fiscal year ending March 31, 2026, by a wide margin of 33.2 million votes for versus 1.4 million against. An advisory vote approved executive compensation, garnering 32.3 million yes votes. Continuity intact.
8-K
EnerSys cuts 575 jobs
EnerSys announced a workforce reduction on July 22, 2025, cutting 11% of its non-production global staff—about 575 employees—mainly in corporate and management roles, as part of a strategic restructuring under new leadership to align resources with business priorities. The plan targets $80 million in annualized savings starting fiscal 2026, including $70 million from operating expenses and $10 million from cost of goods sold, offset by $15-20 million in one-time charges mostly in Q2-Q3 FY2026. Actions wrap up by end of Q2 FY2026. Yet risks loom: distractions could disrupt operations.
8-K
EnerSys CEO transition
EnerSys announced the retirement of CEO David M. Shaffer effective May 22, 2025, with Shawn M. O'Connell stepping in as President and CEO the next day, also joining the board as a Class III director. O'Connell's base salary rose to $950,000, his 2026 incentive target to 115% of base, and severance terms doubled to two times base plus bonus with two years of COBRA. Shaffer's retirement deal preserves his equity vesting in exchange for non-compete covenants; CFO Andrea Funk received $1.5 million in RSUs for retention. Leadership transition secures continuity amid energy storage demands.
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