EnerSys Reports Record Q1 Earnings with Strong Revenue Growth
EnerSys (ENS) reported record financial results for the first quarter of fiscal year 2027, driven by favorable pricing and operational improvements. Net sales reached $935.6 million, up 4.8% from a prior-year period due to price increases, foreign currency gains, and organic volume growth. Adjusted diluted earnings per share (EPS) rose sharply to $3.66, an increase of 64%, with even stronger performance excluding the impact of manufacturing tax credits. The company's operating cash flow surged to $230.2 million from just $1 million in the prior year, largely due to a significant U.S. federal tax refund. Free cash flow also improved dramatically at $217.8 million with an 187% conversion rate compared to an outflow previously. EnerSys is investing heavily in domestic lithium cell manufacturing and expects strong returns from its new facility supported by a Department of Energy grant.
Tickers: $ENS
Topics: cash_flow eps_increase financial_performance revenue_growth