EnerSys Reports Robust Second Quarter Fiscal 2025 Results Amid Strategic Progress

EnerSys

READING, PAEnerSys (NYSE: ENS) announced its fiscal year 2025 second-quarter results, showcasing a gross margin improvement to 28.5%, a rise of 190 basis points from the previous year. Despite a 2% decline in net sales to $884 million, EnerSys demonstrated growth in several key areas, notably in its Motive Power segment.

David Shaffer, Chief Executive Officer of EnerSys, highlighted the company’s resilience, stating, “EnerSys delivered revenue and EPS which were in line with our guidance ranges and demonstrated our ability to generate strong and accelerating financial results in an uncertain market environment through our balanced business portfolio.” He noted improvements in Energy Systems, with net sales up 6% sequentially and a growing backlog.

The quarter also saw EnerSys being selected for a $199 million Department of Energy award negotiation to aid in developing a lithium-ion cell production facility in Greenville, SC. In addition, EnerSys published its Climate Action Plan Roadmap, outlining its strategy toward achieving carbon neutrality.

EnerSys reported net earnings of $82.3 million, or $2.01 per diluted share, a notable increase from $65.2 million, or $1.56 per diluted share, in the same quarter last year. Adjusted diluted EPS rose 15% to $2.12, driven by operational efficiencies and strategic acquisitions.

Andrea Funk, EnerSys Chief Financial Officer, expressed optimism for the future, stating, “We believe the global concern over energy scarcity will persist as major trends drive a swift rise in the demand for reliable power. As a key provider of energy systems and storage solutions, EnerSys is well-positioned to take advantage of this growth opportunity.”

EnerSys continues to focus on its strategic initiatives, including the installation of new production lines in Missouri, expected to enhance productivity and flexibility. Additionally, the company is advancing its lithium-ion gigafactory project in Greenville, which aligns with its long-term growth strategy.

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For the third quarter of fiscal 2025, EnerSys projects net sales between $920 million and $960 million, with adjusted diluted EPS ranging from $2.20 to $2.30. The full-year outlook anticipates net sales of $3.675 to $3.765 billion and adjusted diluted EPS of $8.75 to $9.05.

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