Quarterly ResultAug 12, 2026, 04:24 PM
EnerSys Q1 EPS $3.19, Net Earnings Up 103%; Tariff Refund Boost
AI Summary
EnerSys reported strong financial results for the quarter ended July 5, 2026, with basic EPS increasing 115.5% to $3.19 and net earnings attributable to stockholders rising 102.7% to $116.45 million. Net sales grew 4.8% to $935.64 million. These results were significantly boosted by a $30.87 million tariff refund recognized during the quarter. Additionally, the company announced the closure of its Tijuana, Mexico facility as part of a restructuring plan, affecting approximately 474 employees.
Key Highlights
- Basic EPS was $3.19, a 115.5% increase from $1.48 year-over-year.
- Net earnings attributable to stockholders rose 102.7% to $116.45 million.
- Net sales increased 4.8% to $935.64 million from $893.02 million year-over-year.
- Operating earnings grew 75.1% to $151.41 million from $86.48 million year-over-year.
- Net cash provided by operating activities was $230.16 million, up significantly from $0.97 million.
- Company recognized a $30.87 million tariff refund, reducing cost of goods sold.
- Announced closure of Tijuana, Mexico facility, impacting approximately 474 employees.
- Quarterly dividend declared was $0.2625 per common share.
Price Impact
More from ENS