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 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.
EnerSys (NYSE: ENS), a leader in stored energy solutions for industrial applications, announced a Tech Talk to discuss its energy systems offerings and lithium strategy. Scheduled for December 13, 2022, at 3:00 p.m. ET, the event will feature Senior VP Joern Tinnemeyer and President Drew Zogby. The talk will be accessible live and via replay on the company's Investor Relations site. EnerSys provides a range of energy systems, motive power batteries, and aftermarket services globally, solidifying its market position through strategic acquisitions and a commitment to sustainability.
EnerSys (NYSE: ENS), a leader in stored energy solutions, announced that Andrea J. Funk, Executive Vice President and CFO, will participate in a fireside chat at the Wells Fargo 6th Annual TMT Summit on November 29, 2022, at 10:00 a.m. PT (1:00 p.m. ET). The event will be accessible via live webcast and archived for future viewing on the Investor Relations page of EnerSys' website.
EnerSys specializes in energy systems and batteries used across diverse industries, including telecommunications and electric vehicles, and aims to minimize its environmental footprint as part of its sustainability initiatives.
EnerSys (NYSE: ENS) has announced a quarterly cash dividend of $0.175 per share, payable on December 30, 2022, to shareholders on record as of December 16, 2022. The company, a leader in stored energy solutions, focuses on diverse applications including industrial electric vehicles and specialty batteries for various sectors. This ongoing commitment to return capital to shareholders reinforces EnerSys's financial stability and operational confidence.
EnerSys reported $899 million in net sales for Q2 FY2023, a 14% increase year-over-year, despite a $45 million foreign exchange impact. Adjusted diluted EPS rose to $1.11, exceeding guidance of $1.05 to $1.15. The company boasts a healthy backlog of $1.4 billion, up 38% year-over-year. Adjusted gross margin improved by 120 bps sequentially, driven by effective pricing strategies. Looking ahead, guidance for Q3 FY2023 projects adjusted EPS between $1.20 to $1.30.
EnerSys (NYSE: ENS) will announce its second quarter fiscal 2023 financial results on November 9, 2022, after market close. A conference call will be held the next day, November 10, 2022, at 9:00 AM ET to discuss the results. Investors can access the press release and presentation on the company's Investor Relations website. EnerSys is a leader in stored energy solutions for industrial applications, manufacturing batteries, chargers, and power equipment for various sectors.
EnerSys (NYSE: ENS) announced that Joern Tinnemeyer, Senior VP and CTO, along with Shawn O’Connell, President of Motive Power Global, will host a Tech Talk on September 27, 2022, at 3:00 p.m. ET. The discussion will focus on the strategic advantages of the company's proprietary Thin Plate Pure Lead (TPPL) technology in the motive power industry. EnerSys is a leader in stored energy solutions, providing various battery systems and solutions for multiple industries worldwide.
EnerSys (NYSE: ENS) has declared a quarterly cash dividend of $0.175 per share, payable on September 30, 2022, to shareholders on record as of September 16, 2022. The company is a leader in stored energy solutions for industrial applications, providing a range of products including motive power batteries, specialty batteries, and battery chargers. EnerSys's recent acquisition of NorthStar enhances its market position for Thin Plate Pure Lead batteries. This dividend declaration reflects EnerSys's commitment to returning capital to its stockholders.
EnerSys reported first quarter fiscal 2023 net sales of $899 million, a 10.3% increase year-over-year, marking the second highest quarterly revenue. However, diluted GAAP EPS fell to $0.75, down from $1.01 the previous year. Adjusted diluted EPS was $1.15, slightly below the $1.25 from last year. The company anticipates FX headwinds and inflation to persist, forecasting adjusted EPS of $1.05 to $1.15 for Q2. Key initiatives include an $8 million annual saving from plant closures and expansion of distribution capabilities.
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