Business Wire·Nov 11, 2026, 4:15 PM ET

EnerSys Reports Second Quarter Fiscal Year 2027 Results

ENS

EnerSys reported second quarter fiscal 2027 net sales of $949.9 million, a 0.1% decrease from the prior year period.
The company achieved a gross margin of 29.9% and a gross margin excluding IRC 45X credits of 25.2%.
Diluted earnings per share (EPS) reached $2.42, representing a 34% increase year-over-year.
Adjusted diluted EPS was $3.22, a 22% increase, while adjusted diluted EPS excluding IRC 45X credits was $2.02, up 25%.
Net leverage ratio stood at 0.8x EBITDA, down from 1.3x in the prior year period.
EnerSys returned $140 million to shareholders, including $130 million in share repurchases for 679,000 shares.
Operating cash flow for the quarter was $143 million, driven by improved earnings and capital efficiencies.
On October 27, 2026, the company announced a proposed acquisition of Ultralife to expand its defense battery technologies.
Net sales for the first six months of fiscal 2027 increased 2.2% to $1,885.5 million.
Precision Power Solutions segment sales grew over 20% year-over-year, while Industrial Mobility Solutions faced continued pressure.
The Board approved a quarterly cash dividend of $0.2875 per share, payable on December 31, 2026.
Third quarter fiscal 2027 net sales are projected between $935 million and $975 million.
Adjusted diluted EPS for the third quarter is forecasted between $3.05 and $3.15.
Full year fiscal 2027 capital expenditures are expected to be approximately $70 million.
Cash and cash equivalents were $275.5 million as of October 4, 2026, with net debt of $554.9 million.