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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, 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.
EnerSys (NYSE: ENS) has appointed Tamara Morytko as a Class II director, effective immediately. Morytko, currently President of the Pumps Division at Flowserve, brings extensive experience in industrial manufacturing operations. Her past roles include COO at Norsk Titanium and various leadership positions at Baker Hughes and Pratt & Whitney. The board's chair, Arthur T. Katsaros, highlighted her expertise as a boost to the board's depth and succession initiatives. CEO David M. Shaffer noted her experience will support EnerSys' leadership and strategic objectives.
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