EnerSys reported Q2 sales of $949.9 million, below the $966.6 million analyst estimate, while adjusted EPS of $3.22 beat estimates. The company expects Q3 sales of $935 million to $975 million and adjusted diluted EPS of $3.05 to $3.15.
EnerSys said Q2 sales declined slightly to $949.9 million, missing analyst expectations of $966.6 million, with the decline and shortfall attributed to foreign currency translation. Adjusted EPS rose 22% to $3.22, above the $3.18 estimate; net income was $89.6 million.
Growth in Precision Power Solutions and Network and Infrastructure Solutions, driven by defense and data center demand, helped offset continued softness in material handling within Industrial Mobility Solutions. Initial sales from new lithium solutions and product launches also contributed. EnerSys expects Q3 sales of $935 million to $975 million and adjusted diluted EPS of $3.05 to $3.15, including IRC 45X Advanced Manufacturing Production Credits, and forecasts about $70 million in FY27 capital expenditures.
EnerSys returned $140 million to shareholders through share repurchases and dividends.
