Welcome to our dedicated page for EnerSys news (Ticker: ENS), a resource for investors and traders seeking the latest updates and insights on EnerSys stock.
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) has successfully completed negotiations with the U.S. Department of Energy (DOE) for a $199 million award to support the construction of a lithium-ion cell production facility in Greenville, South Carolina. The state-of-the-art 500,000 square foot gigafactory will manufacture advanced lithium-ion cells exclusively for EnerSys products, serving commercial, industrial, and defense markets, including the U.S. Department of Defense.
Construction is scheduled to begin in 2025, with commercial production expected to start in 2028. The facility aims to strengthen the U.S. energy supply chain and advance EnerSys' position in energy storage solutions, particularly focusing on meeting domestic sourcing requirements for critical defense applications.
EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial applications, has announced its upcoming third quarter fiscal 2025 financial results release schedule. The company will disclose its financial results for the period ended December 29, 2024, after market close on Wednesday, February 5, 2025.
The earnings release will include a press release and slide presentation, which will be accessible through the Investor Relations section of EnerSys' website. A conference call to discuss the results is scheduled for Thursday, February 6, 2025, at 9:00 AM ET. Investors can access both a live broadcast and replay of the call through the company's website, with phone participation available via registration.
EnerSys (NYSE: ENS), a global leader in stored energy solutions, has been awarded the 2025 Military Friendly® Employer designation. The recognition follows a comprehensive evaluation process involving public data sources and proprietary survey responses from over 1,200 participating companies.
The assessment criteria, developed by VIQTORY with input from the Military Friendly® Advisory Council, focused on key areas including recruitment, new hire retention, employee turnover, and promotion & advancement of veterans and military employees. Shawn O'Connell, President and COO of EnerSys, emphasized the company's commitment to honoring veterans' contributions and leveraging their expertise in the workforce.
EnerSys will be featured in the Winter issue of G.I. Jobs® magazine and on MilitaryFriendly.com. The company maintains a dedicated career page for veterans seeking employment opportunities.
EnerSys (NYSE: ENS) has been named to Newsweek's 'America's Most Responsible Companies 2025' list, marking its third consecutive year of recognition. The company, which specializes in stored energy solutions for industrial applications, has demonstrated significant progress by advancing 185 positions over the past two years.
The ranking evaluates the top 2,000 U.S. public companies based on environmental, social, and corporate governance (ESG) performance, considering over 30 key indicators including energy usage, charitable contributions, and board diversity. The assessment also incorporated feedback from more than 26,000 U.S. consumers.
CEO David M. Shaffer emphasized the company's integration of sustainable practices across operations while supporting the global energy transition. EnerSys continues to focus on reducing its environmental footprint, promoting workplace diversity and inclusion, and maintaining high corporate governance standards while driving innovation in energy storage solutions.
EnerSys (NYSE: ENS) has announced increased benefits from the Advanced Manufacturing Production Credit under IRA Section 45X. The company expects incremental benefits of $3-4 million per quarter and will record a one-time adjustment of $30-35 million in Q3 FY2025 for retroactive benefits since Q4 FY2023.
As a result, EnerSys has raised its guidance for Q3 FY2025 adjusted diluted EPS from $2.20-2.30 to $3.00-3.10, and full-year FY2025 adjusted diluted EPS from $8.75-9.05 to $9.65-9.95. The company now expects annual tax credits of $135-175 million, up from the previous estimate of $120-160 million, continuing through December 2032.
EnerSys (NYSE: ENS) has been awarded the prestigious German ESG Transparency Award, recognizing its excellence in environmental, social, and governance reporting transparency. The company, a global leader in stored energy solutions for industrial applications, has demonstrated significant achievements in sustainability, including:
- A 25% reduction in Scope 1 emissions since 2019
- A 15% improvement in energy intensity since 2020
- Publication of comprehensive Scope 3 emissions data
According to Shawn O'Connell, President and COO, this recognition validates EnerSys' commitment to 'Powering the Future, Everywhere for Everyone' and their dedication to maintaining high ESG standards. The company's 2023 Sustainability Report aligns with European Sustainability Reporting Standards (ESRS), highlighting their continued focus on innovation, decarbonization, renewable energy adoption, and resource efficiency.
EnerSys (NYSE: ENS) has appointed Keith Fisher as President, Energy Systems Global, effective January 2, 2025. Fisher will succeed Shawn O'Connell, who was recently promoted to President and Chief Operating Officer.
Fisher brings 27 years of experience and a proven track record in operational and financial excellence. He previously served as President of Honeywell Intelligrated, where he achieved significant growth in services and margin expansion. At Honeywell Building Technologies Global Services, he led global service modernization initiatives that increased revenue and operating income through digitization and standardized processes.
In his new role, Fisher will leverage his experience managing 42 international sites and executing complex global strategies in multi-billion-dollar businesses to drive growth across EnerSys' Energy Systems line of business.
EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial applications, announced that VP & Treasurer Dan Platt will present at the BofA Securities Leveraged Finance Conference in Boca Raton, Florida on December 3rd at 11:30 a.m. ET. The presentation will be accessible via live video webcast and archived replay through both the BofA webcast platform and the EnerSys investor relations website.
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.
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