EnerSys, Inc. - ENS STOCK NEWS

EnerSys (NYSE: ENS), a global leader in stored energy solutions, is set to host an Investor Day on June 15, 2023, in New York City. The event will feature presentations from David Shaffer, President and CEO, and Andrea Funk, Executive Vice President and CFO, detailing the company’s strategic goals focusing on innovation, sustainability, and capital allocation. It will include formal presentations, Q&A sessions, and a product showcase. Due to limited space, prior registration is necessary, with the program running from 8:30 a.m. to 12:00 p.m. ET. A live broadcast will be available for those unable to attend.

EnerSys specializes in energy solutions, offering a range of products including motive power batteries, specialty batteries, and energy systems used across various industries. The company is committed to sustainability, addressing environmental, social, and governance issues, ensuring its operations contribute positively to the community.

EnerSys, a global leader in stored energy solutions, has acquired Industrial Battery and Charger Services Limited (IBCS), a prominent battery service provider in the UK. This acquisition is part of EnerSys's strategy to enhance its motive power service offerings and strengthen its market presence in the UK. With IBCS's expertise in battery maintenance and services, EnerSys aims to provide comprehensive solutions including installation, maintenance, and repair services. The acquisition is effective immediately, with IBCS continuing to operate under its current name. Although financial terms were not disclosed, this move is expected to create new opportunities for customer service and employee growth within the integrated company structure.

EnerSys (NYSE: ENS) announces a Tech Talk hosted by Joern Tinnemeyer, CTO, and Mark Matthews, SVP Specialty Global, on March 7, 2023, at 2:30 p.m. ET. The focus will be on EnerSys ACE chip software technology, which highlights its applications in the Specialty segment and smart battery solutions across all business lines. Interested parties can access the live broadcast and replay via the company's Investor Relations site.

EnerSys leads in stored energy solutions, serving a broad range of industries including telecommunications, utility, and aerospace applications.

EnerSys (NYSE: ENS) has declared a quarterly cash dividend of $0.175 per share, payable on March 31, 2023, to shareholders of record as of March 17, 2023. As the global leader in stored energy solutions, EnerSys provides a range of energy systems and specialty batteries across various industries. This dividend reflects the company's ongoing commitment to returning capital to shareholders.

EnerSys' products are integral to sectors such as telecommunications, utilities, and industrial applications, underscoring its crucial role in energy storage solutions.

EnerSys reported record net sales of $920 million for Q3 FY2023, marking a 9% year-over-year increase. Adjusted operating earnings reached a record $85 million, up 41% year-over-year. Despite facing foreign exchange headwinds and inflation, the company improved gross margins to 23.2%, a 150 bps rise sequentially. With a backlog of $1.3 billion, demand remains strong across all segments. The outlook for Q4 FY2023 predicts adjusted diluted EPS between $1.33 and $1.43. Key challenges include ongoing inflation and supply chain unpredictability.

EnerSys (NYSE: ENS) will release its third quarter fiscal 2023 financial results on February 8, 2023, after the market close. The results will cover the period ending January 1, 2023. Investors can access the press release and accompanying slide presentation via the Investor Relations section of the company's website. A conference call is scheduled for February 9, 2023, at 9:00 AM ET, where management will discuss the financial results. EnerSys specializes in stored energy solutions, manufacturing a range of products for industrial applications, and emphasizes sustainability in its operations.

EnerSys (NYSE: ENS) has successfully closed a $150 million trade receivable securitization facility with Wells Fargo, aimed at enhancing its balance sheet and providing annual interest savings of around $1.4 million. The facility, which has a three-year term, is expected to reduce interest expenses and lower leverage under its Credit Agreement. CFO Andrea J. Funk highlighted that this move will improve cash flow over time. This transaction marks a significant step in EnerSys' strategy to optimize financial performance amidst ongoing economic conditions.