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EnerSys, Inc. (symbol: ENS) is a global leader in stored energy solutions for industrial applications. With over 100 years of expertise in the battery industry, EnerSys has established itself as a comprehensive provider of DC power products. The company's extensive portfolio includes motive power, reserve power, aerospace/defense, and specialty batteries, complemented by a full range of integrated services and systems.
EnerSys excels in manufacturing and distributing energy system solutions that cater to a variety of industries. Their products include motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories, and outdoor equipment enclosure solutions. The company's energy systems are an amalgamation of enclosures, power conversion, power distribution, and energy storage, which are indispensable in telecommunications, broadband, utilities, uninterruptible power supplies, and numerous other applications requiring reliable stored energy solutions.
The company operates through three primary segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment focuses on integrated solutions for telecommunications, broadband, and utility industries. The Motive Power segment provides high-performance batteries for industrial forklifts and other commercial electric vehicles. The Specialty segment caters to aerospace, defense, and various industrial markets with custom battery solutions.
Recent Achievements: EnerSys continues to innovate, showcasing their commitment to sustainability and efficiency. Recent developments include advancements in battery technology, strategic partnerships, and expansions into new markets. The company's global sales and service network ensures that they maintain a strong presence and provide exceptional customer support worldwide.
EnerSys remains financially robust, with consistent revenue growth and a stable market position. They are an EEO/AA employer, committed to diversity and inclusion in their workforce. The company's ongoing projects and investments reflect their dedication to meeting the evolving energy needs of their global customer base.
For job opportunities and to join their talent network, visit EnerSys Careers.
EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, has announced a quarterly cash dividend of $0.24 per share of common stock. The dividend will be payable on December 27, 2024, to shareholders of record as of December 13, 2024.
EnerSys (ENS) reported Q2 fiscal 2025 results with net sales of $883.7M, down 1.9% year-over-year. The company achieved a gross margin of 28.5%, up 190 basis points, and delivered diluted EPS of $2.01, up 29%. Adjusted diluted EPS was $2.12, increasing 15%. Motive Power segment showed strength while Communications and Class 8 Transportation faced pressure. The company was selected for a $199M Department of Energy award negotiation for its planned lithium-ion cell facility. EnerSys updated its FY2025 guidance, projecting net sales of $3,675M to $3,765M and adjusted EPS of $8.75 to $9.05.
EnerSys (NYSE: ENS) announced that CEO David Shaffer will retire in May 2025, with Shawn O'Connell named as successor. O'Connell, currently President of Energy Systems Global, has been appointed President and Chief Operating Officer effective immediately. Under Shaffer's eight-year tenure as CEO, EnerSys transformed from a traditional lead-acid battery company into a global energy systems solutions leader, growing revenue by ~35%. O'Connell, who joined EnerSys in 2011, has demonstrated significant achievements, including reducing annual costs by nearly $50 million in Energy Systems Global and delivering 20% operating earnings growth with 210 bps margin expansion as President of Motive Power.
EnerSys (NYSE: ENS) announced the successful launch of its ABSL™ lithium-ion space battery aboard NASA's Europa Clipper spacecraft on October 14, 2024. The spacecraft, launched via SpaceX Falcon Heavy Rocket, will explore Jupiter's moon Europa through approximately 50 flybys to investigate its potential for supporting life. The ABSL™ battery system consists of three 8s72p modules connected in parallel, delivering over 540 ampere-hours of capacity through a 28-volt system. The battery was specially designed to minimize magnetic interference and will power both flight operations and scientific instrumentation. EnerSys' ABSL™ technology has been implemented in over 300 spacecraft and launch vehicles.
EnerSys (NYSE: ENS), a global leader in stored energy solutions, has been recognized in two prestigious rankings: TIME World's Best Companies 2024 and Forbes Best Employers for New Grads 2024. The TIME ranking evaluated companies across three dimensions: employee satisfaction, revenue growth, and sustainability. The Forbes list was compiled by surveying over 100,000 young professionals with less than 10 years of work experience.
The TIME World's Best Companies 2024 ranking considered factors such as employee surveys, revenue growth of at least $100 million in 2023, and ESG data. The Forbes Best Employers for New Grads 2024 list assessed factors including compensation, benefits, advancement opportunities, working conditions, flexibility, company image, and inclusion.
Shannon Thomas, Chief Human Resources Officer of EnerSys, expressed pride in these recognitions, stating that they underscore the company's dedication to creating a positive workplace, encouraging sustainable growth, and prioritizing employee development and well-being.
EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, has announced the release date for its second quarter fiscal 2025 financial results. The company will disclose its financial performance for the period ended September 29, 2024, after the market closes on Wednesday, November 6, 2024.
A press release and slide presentation will be made available in the Investor Relations section of the EnerSys website. Following the release, EnerSys will host a conference call on Thursday, November 7, 2024, at 9:00 AM (ET) to review the results. Interested parties can access the live broadcast and replay of the call through a webcast registration link or the company's Investor Relations webpage. For those joining by phone, registration is required to receive a dial-in number and unique PIN.
EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, has announced a Technology Talk webcast scheduled for Monday, September 30, 2024, at 10:30 a.m. ET. The event will focus on providing detailed information about the company's lithium-ion battery cell gigafactory development plans and lithium-ion battery technology roadmap.
Interested parties can access the live video webcast and archived replay at https://enersys-tech-talk-lithium-cell-factory-update-2024.open-exchange.net/. Additionally, the webcast and replay will be available on the Events and Presentations page of the Investor Relations section of the EnerSys website at https://investor.enersys.com/events-presentations.
EnerSys (NYSE: ENS) has been selected to negotiate a $199 million award from the U.S. Department of Energy to support the development of a lithium-ion cell production facility in Greenville, SC. The company plans to invest approximately $615 million to construct and commission the plant over the next four years, with an additional $50 million for a specialized production line for the US Department of Defense.
The 500,000 square foot state-of-the-art manufacturing facility has the potential to create up to 500 new jobs and will have an initial production capacity of 5 gigawatt hours (GWh) per year. EnerSys intends to use federal, state, and local funding, along with tax benefits from the Inflation Reduction Act, to support the capital requirements of the gigafactory.
Construction is expected to begin in 2025, with commercial production operations starting in 2028. EnerSys will host a "Technology Talk" webcast on September 30, 2024, to provide more details about its gigafactory development plans and lithium-ion technology roadmap.
EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, has announced its participation in CL King's Best Ideas Conference on September 16, 2024. The company's EVP & CFO, Andrea Funk, is scheduled to present at 3:30 p.m. ET in a virtual format. Investors and interested parties can access the live video webcast and archived replay of the presentation through the provided links on the EnerSys website's Investor Relations section.
EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial applications, has announced a 7% increase in its quarterly cash dividend to $0.24 per share of common stock. The dividend is payable on September 30, 2024, to shareholders of record as of September 16, 2024. This increase reflects the company's strong financial position, with earnings growth, robust operating cash flow, and a solid balance sheet. EnerSys President & CEO David M. Shaffer emphasized the company's commitment to a disciplined capital allocation strategy, which includes maintaining a competitive dividend and increasing it over time as earnings rise, excluding the effects of IRA benefits.
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