EnerSys Shares Jump 5.7% After Q1 EPS Surges 64% and Q2 Outlook Tops Estimates
Updated
Updated · Yahoo Finance · Aug 16
EnerSys Shares Jump 5.7% After Q1 EPS Surges 64% and Q2 Outlook Tops Estimates
1 articles · Updated · Yahoo Finance · Aug 16
Summary
EnerSys rose as much as 5.7% after posting fiscal first-quarter adjusted EPS of $3.66, well above expectations, before trimming the gain to 3.1% at $192.58.
Net sales climbed 4.8% year over year to $935.6 million, while gross margin expanded 510 basis points to 33.5% on production tax credits, tariff refunds and operational efficiency.
Management guided second-quarter adjusted EPS to $3.15-$3.25, signaling continued momentum, and the board approved a 10% increase in the quarterly dividend.
The rally marks a sharp reversal from six months ago, when EnerSys fell 12.7% after a revenue miss and weaker sales volumes raised demand concerns.