EnerSys Announces Dividend Increase of 7% to $0.24 Per Share for the Second Quarter of Fiscal Year 2025
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.
EnerSys (NYSE: ENS), leader globale nelle soluzioni di energia immagazzinata per applicazioni industriali, ha annunciato un aumento del 7% del suo dividendo trimestrale in contante, portandolo a $0.24 per azione di capitale comune. Il dividendo sarà pagato il 30 settembre 2024, agli azionisti registrati al 16 settembre 2024. Questo aumento riflette la forte posizione finanziaria dell'azienda, con crescita degli utili, flusso di cassa operativo robusto e un bilancio solido. David M. Shaffer, Presidente e CEO di EnerSys, ha sottolineato l'impegno dell'azienda verso una strategia di allocazione del capitale disciplinata, che include il mantenimento di un dividendo competitivo e l'aumento nel tempo man mano che gli utili crescono, escludendo gli effetti dei benefici dell'IRA.
EnerSys (NYSE: ENS), líder mundial en soluciones de energía almacenada para aplicaciones industriales, ha anunciado un aumento del 7% en su dividendo en efectivo trimestral, elevándolo a $0.24 por acción de acciones comunes. El dividendo se pagará el 30 de septiembre de 2024, a los accionistas registrados hasta el 16 de septiembre de 2024. Este aumento refleja la sólida posición financiera de la empresa, con crecimiento de ganancias, un fuerte flujo de caja operativo y un balance sólido. David M. Shaffer, Presidente y CEO de EnerSys, enfatizó el compromiso de la empresa con una estrategia de asignación de capital disciplinada, que incluye mantener un dividendo competitivo y aumentarlo con el tiempo a medida que aumenten las ganancias, excluyendo los efectos de los beneficios del IRA.
EnerSys (NYSE: ENS)는 산업 응용 프로그램을 위한 저장 에너지 솔루션의 글로벌 선두주자로서 분기 현금 배당금을 7% 인상하여 보통주 1주당 $0.24로 조정했다고 발표했습니다. 배당금은 2024년 9월 30일에 지급되며, 2024년 9월 16일 기준 주주에게 분배됩니다. 이 인상은 수익 성장, 강력한 운영 현금 흐름 및 건전한 대차대조표를 갖춘 회사의 강력한 재무 상태를 반영합니다. EnerSys의 사장 겸 CEO인 David M. Shaffer는 수익 증가에 따라 시간이 지남에 따라 경쟁력 있는 배당금을 유지하고 증가시키는 것을 포함하는 자본 배분 전략에 대한 회사의 의지를 강조했습니다. IRA 혜택의 영향을 제외하고요.
EnerSys (NYSE: ENS), leader mondial des solutions d'énergie stockée pour des applications industrielles, a annoncé une augmentation de 7% de son dividende trimestriel en espèces, le faisant passer à 0,24 $ par action ordinaire. Le dividende sera versé le 30 septembre 2024 aux actionnaires enregistrés au 16 septembre 2024. Cette augmentation reflète la solide position financière de l'entreprise, avec croissance des bénéfices, flux de trésorerie opérationnel robuste et un bilan sain. David M. Shaffer, président et PDG d'EnerSys, a souligné l'engagement de l'entreprise envers une stratégie d'allocation de capital disciplinée, qui comprend le maintien d'un dividende compétitif et son augmentation au fil du temps à mesure que les bénéfices augmentent, en excluant les effets des avantages IRA.
EnerSys (NYSE: ENS), ein globaler Marktführer in der Speicherung von Energie für industrielle Anwendungen, hat eine Erhöhung seiner vierteljährlichen Barausschüttung um 7% auf 0,24 $ pro Aktie der Stammaktien bekannt gegeben. Die Dividende wird am 30. September 2024 an die Aktionäre ausgezahlt, die bis zum 16. September 2024 im Aktienregister stehen. Diese Erhöhung spiegelt die starke Finanzlage des Unternehmens wider, mit Wachstum der Erträge, robustem operativen Cashflow und einer soliden Bilanz. David M. Shaffer, Präsident und CEO von EnerSys, betonte die Verpflichtung des Unternehmens zu einer disziplinierten Kapitalallokationsstrategie, einschließlich der Aufrechterhaltung einer wettbewerbsfähigen Dividende und deren Erhöhung im Laufe der Zeit, während die Erträge steigen, ausgenommen die Auswirkungen von IRA-Vorteilen.
- 7% increase in quarterly cash dividend to $0.24 per share
- Strong earnings growth reported
- Robust operating cash flow
- Solid balance sheet
- Commitment to long-term growth investments
- None.
Insights
EnerSys' 7% dividend increase to
The company's ability to raise dividends suggests strong cash flow generation and a healthy balance sheet. However, investors should note that the dividend yield remains modest, currently around
EnerSys' strategy of linking dividend growth to earnings growth, excluding IRA benefits, indicates a conservative approach to capital allocation. This policy provides a degree of predictability for income-focused investors while allowing flexibility for business investments.
EnerSys' dividend hike reflects broader industry trends in the energy storage sector. As demand for industrial energy solutions grows, companies like EnerSys are benefiting from increased cash flows. This dividend increase may enhance EnerSys' attractiveness to income-oriented investors, potentially broadening its shareholder base.
The company's focus on balancing shareholder returns with growth investments is important in the rapidly evolving energy storage market. EnerSys' strategy suggests confidence in its market position and future prospects. However, investors should monitor how this dividend increase impacts EnerSys' ability to fund R&D and capital expenditures, which are vital for maintaining competitiveness in the tech-driven energy solutions industry.
The mention of IRA benefits hints at potential regulatory tailwinds that could boost EnerSys' performance, warranting further investigation into the company's exposure to clean energy incentives.
"Our earnings growth, robust operating cash flow, and solid balance sheet give us the ability to keep investing in long-term growth while returning capital to our shareholders. As part of our disciplined capital allocation strategy, we are dedicated to maintaining a competitive dividend and plan to increase it over time as our earnings rise, excluding the effects of the IRA benefits," said EnerSys President & CEO David M. Shaffer.
About EnerSys
EnerSys is the global leader in stored energy solutions for industrial applications and designs, manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. The company goes to market through four lines of business: Energy Systems, Motive Power, Specialty and New Ventures. Energy Systems, which combine power conversion, power distribution, energy storage, and enclosures, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, large over-the-road trucks, premium automotive, medical and security systems applications. New Ventures provides energy storage and management systems for various applications including demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. More information regarding EnerSys can be found at www.enersys.com.
Sustainability
Sustainability at EnerSys is about more than just the benefits and impacts of our products. Our commitment to sustainability encompasses many important environmental, social and governance issues. Sustainability is a fundamental part of how we manage our own operations. Minimizing our environmental footprint is a priority. Sustainability is our commitment to our employees, our customers and the communities we serve. Our products facilitate positive environmental, social and economic impacts around the world. To learn more visit: https://www.enersys.com/en/about-us/sustainability/.
Caution Concerning Forward-Looking Statements
This press release, and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys’ earnings estimates, intention to return capital to stockholders, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, continuing to pay cash dividends at the current rate, earnings or earnings per share growth, its intention to pay quarterly cash dividends and return capital to stockholders, execution of its stock repurchase program, and market share, as well as statements expressing optimism or pessimism about future operating results or benefits from either its cash dividend or its stock repurchase programs, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management’s current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond EnerSys’ control. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.
Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. For a list of other factors which could affect EnerSys’ results, including earnings estimates, see EnerSys’ filings with the Securities and Exchange Commission, including “Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations,” and “Forward-Looking Statements,” set forth in EnerSys’ Annual Report on Form 10-K for the fiscal year ended March 31, 2024. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. No undue reliance should be placed on any forward-looking statements.
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Lisa Hartman
Vice President, Investor Relations and Corporate Communications
EnerSys
610-236-4040
E-mail: investorrelations@enersys.com
Source: EnerSys
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