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), 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.
EnerSys (NYSE: ENS) reported its Q1 fiscal 2025 results, delivering net sales of $852.9 million, down 6.1% year-over-year. The company achieved a gross margin of 28%, up 160 basis points from the previous year. Diluted EPS increased by 7% to $1.71, while adjusted diluted EPS rose 5% to $1.98. Despite market pressures, EnerSys saw encouraging demand signals in Energy Systems and strong performance in Motive Power. The company closed the acquisition of Bren-Tronics in July and increased its quarterly dividend by 7% to $0.24 per share. For fiscal 2025, EnerSys raised its guidance, now expecting net sales between $3,735M and $3,885M and adjusted diluted EPS between $8.80 and $9.20.
EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, has completed its acquisition of Bren-Tronics for $208 million in an all-cash transaction. This strategic move strengthens EnerSys' position in the military and defense end markets, expanding its lithium product offerings. Bren-Tronics, a leading manufacturer of portable power solutions for military applications, reported 2023 sales of approximately $100 million. The acquisition, representing 8.7x Bren-Tronics' adjusted EBITDA for 2023, is expected to be immediately accretive to EnerSys. The integration of Bren-Tronics into EnerSys' Specialty line of business aims to accelerate growth, revenue, and profitability, supporting EnerSys' fiscal year 2027 targets.
EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, has announced the release date for its first quarter fiscal 2025 financial results. The company will disclose its financial performance for the period ended June 30, 2024, after the market closes on Wednesday, August 7, 2024.
A conference call to discuss the results is scheduled for 9:00 AM (ET) on Thursday, August 8, 2024. Investors and analysts can access the press release, slide presentation, and join the conference call through the Investor Relations section of the EnerSys website. A live webcast and replay of the call will be available, and interested parties can register for the phone-based option to receive a dial-in number and unique PIN.
EnerSys (NYSE: ENS), a leader in stored energy solutions, announced significant changes to its Board of Directors following the 2024 Annual Meeting. Arthur T. Katsaros, Chair of the Board, and General Robert Magnus will retire after 19 and 16 years of service, respectively. Paul J. Tufano will assume the role of Independent Non-Executive Chair, while Steven M. Fludder will become the Compensation Committee Chair. Additionally, Hwan-Yoon F. Chung will not stand for re-election. Two new nominees, Dave Habiger and Lauren Knausenberger, are set to join the Board. Habiger, CEO of JD Power, brings expertise in data analytics and security solutions. Knausenberger, EVP, and CIO of SAIC, is recognized for her leadership in technology and cybersecurity. These changes align with EnerSys's strategic goals, ensuring continued governance excellence and long-term value creation for stakeholders.
EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial applications, announced its participation in three upcoming investor conferences. The events include the William Blair 44th Annual Growth Stock Conference on June 4, 2024, at 8:00 a.m. CT, the Wells Fargo 2024 Industrials Conference on June 12, 2024, at 12:45 p.m. CT, and the CL King's Advanced Electronics Seminar on June 17, 2024, at 1:15 p.m. ET. Webcast links and archived replays will be available on the EnerSys Investor Relations website.
EnerSys (NYSE: ENS) reported its fourth quarter and fiscal year 2024 results, ending March 31, 2024.
Fourth-quarter net sales were $911 million, an 8% decrease from the previous year, mainly due to temporary spending pauses in telecom and broadband sectors.
The gross margin improved by 300 basis points to 27.9%, driven by cost-improvement actions and tax credits.
Full-year net sales declined by 3% to $3.6 billion. Despite this, the company achieved a record diluted EPS of $6.50, up 53%, and an adjusted diluted EPS of $8.35, up 56%.
EnerSys announced the acquisition of Bren-Tronics, expected to close by the end of the fiscal first quarter.
The company's fiscal 2025 outlook includes net sales between $3.675 billion and $3.825 billion and adjusted diluted EPS between $8.55 and $8.95.
EnerSys is advancing its lithium-ion cell gigafactory and expects funding awards from the Department of Energy in August.
FAQ
What is the current stock price of EnerSys (ENS)?
What is the market cap of EnerSys (ENS)?
What does EnerSys, Inc. specialize in?
What are the primary segments of EnerSys, Inc.?
In which industries are EnerSys's energy systems used?
How long has EnerSys been in the battery industry?
Where can I find job opportunities at EnerSys?
What recent achievements has EnerSys made?
Is EnerSys financially stable?
What products does EnerSys offer?
What is EnerSys's commitment to diversity?
How does EnerSys support its global customer base?
