$ENS (EnerSys)

$ENS {{ '2016-08-10T20:40:10+0000' | timeago}} • Announcement

Maker of industrial batteries $ENS posted lower earnings during 1Q17 due to lower operating earnings and higher expenses. Net income was $44.6MM or $1.02 per diluted share vs. $48.4MM or $1.03 per diluted share in 1Q16. Net sales rose 7% vs. 1Q16, helped by a 6% increase in organic volume and 3% increase from acquisitions.

$ENS {{ '2017-07-10T22:49:51+0000' | timeago}} • Announcement

$ENS announced the appointment of Ronald P. Vargo and Nelda J. Connors to its BoD. Mr. Vargo will join the BoD effective as of August 1, 2017 and Ms. Connors will join effective as of August 15, 2017.

$ENS {{ '2017-06-14T06:57:51+0000' | timeago}} • Announcement

$ENS said that it has got contracts worth $60MM in lithium-ion space recently from multiple space agencies and OEMs worldwide.

$ENS {{ '2017-05-31T18:28:12+0000' | timeago}} • Webcast

$ENS stated that on volume declines sequentially, seasonally there is difference between fourth quarter and first quarter. Therefore, the company expects a normal seasonal adjustment from a volume standpoint from 4Q17 to 1Q18.

$ENS {{ '2017-05-31T18:11:05+0000' | timeago}} • Webcast

$ENS said that its M&A pipeline is full and the company has appointed a new dedicated VP of Business Development M&A to work on its plans. The company is optimistic of getting an M&A executed in 2017.

$ENS {{ '2017-05-30T21:07:07+0000' | timeago}} • Announcement

$ENS is lowering its 1Q18 guidance for adjusted EPS to $1.10-1.14 from $1.21-1.25, which excludes an expected charge of $0.04 from restructuring programs and $0.01 from acquisition expenses. The lowered guidance is due to recent price increases taking longer to be fully effective, and higher sequential commodity cost pressure.

$ENS {{ '2017-05-30T21:03:39+0000' | timeago}} • Announcement

$ENS reported an increase in 4Q17 earnings. Net income was $33.8MM or $0.76 per share compared to $9.3MM or $0.21 per share in 4Q16. Net sales were $626.8MM, up 3% from 4Q16, driven by a 2% increase each from organic volume and pricing and a 1% increase from acquisitions, partially offset by a 2% FX impact.

$ENS {{ '2017-05-05T14:47:49+0000' | timeago}} • Announcement

$ENS expects 1Q18 adjusted EPS of $1.21-1.25. This excludes an expected charge of $0.05 from our restructuring programs and $0.01 from acquisition expenses, but includes the impact of an additional $10MM in lead cost pressure sequentially.

$ENS {{ '2017-05-05T14:46:56+0000' | timeago}} • Announcement

$ENS predicts net earnings for FY17 of $160.2MM or $3.64 per share and adjusted EPS of $4.75. Net sales for FY17 were $2.37Bil, up 2% from last year. This increase was the result of a 2% increase in organic volume and a 1% increase each from pricing and acquisitions, partially offset by a 2% decrease due to foreign currency translation impact.

$ENS {{ '2017-05-05T14:43:52+0000' | timeago}} • Announcement

$ENS reported preliminary results for 4Q and full year of FY17. $ENS expects net earnings for 4Q17 of $33.8MM or $0.76 per share, and adjusted EPS of $1.28. Net sales for 4Q17 were $626.8MM, up 3% from last year, on 2% increase each from organic volume and pricing and a 1% increase from acquisitions.

$ENS {{ '2016-11-10T15:55:13+0000' | timeago}} • Webcast

$ENS stated that the Asia region is doing well in the motive power business. In three to five years time frame, $ENS expects further improvement in Asia, especially in the Chinese market. The company had invested in a new factory in China. As the Indian motive power market matures, $ENS expects an improvement there also.

$ENS {{ '2016-11-10T15:17:21+0000' | timeago}} • Webcast

For 3Q17, $ENS expects adjusted diluted EPS to be $1.12-1.16. This excludes an expected net charge of $0.13 per share coming from continuation of the company's exit in South Africa and other restructuring and acquisition activities.

$ENS {{ '2016-11-10T15:07:13+0000' | timeago}} • Webcast

$ENS expects operating expenses for FY17 to be comparable to FY16. The company added that its operating expenses may rise on a short term basis in advance with the savings.

$ENS {{ '2016-11-10T14:59:15+0000' | timeago}} • Webcast

In the Reserve Power segment, $ENS received a large order for cabinet closures in the Americas region, which is expected to ship in 4Q17. During 2Q17, the company received orders that generated sales for Odyssey over the road trucks from a new fleet customer. $ENS anticipates FY17 sales to this customer to approach $15MM.

$ENS {{ '2016-11-10T14:37:50+0000' | timeago}} • Webcast

In the Motive Power segment, Asia continued to be the highest growth region for $ENS in 3Q16. The company plans to exit its South Africa joint venture due to weak economic conditions, limited growth in the mining industry, and increased imports.

$ENS {{ '2016-11-10T14:30:11+0000' | timeago}} • Announcement

Industrial battery producer $ENS posted 2Q17 earnings of $45.6MM, or $1.04 per diluted share, up 14% from a year ago. Net sales grew 1% to $576MM, helped by 2% growth in organic volume and 1% increase from acquisitions.

$ENS {{ '2016-08-11T14:43:52+0000' | timeago}} • Webcast

Michael Gallo of CL King asks about the impact of Brexit in U.K. sales. $ENS says that it experienced some impact in the U.K., which accounts for roughly 10% of the company's European sales. Given the change in the pound, $ENS had to do some price increases in the U.K. How well the U.K. sales team can deliver will be the biggest impact, $ENS said.

$ENS {{ '2016-08-11T14:28:59+0000' | timeago}} • Webcast

Ben Hearnsberger of Stephens asks whether $ENS is going to be more focused on R&D going forward. CEO David Shaffer said that $ENS is focused on having a product roadmap that's lined up with the future needs of the energy storage areas. He added that the company wanted a fresh set of eyes to develop the right roadmap and hence hired a new CTO.

$ENS {{ '2016-08-11T14:13:35+0000' | timeago}} • Webcast

$ENS said that net sales in the Americas were up 4% in 1Q17, while Europe sales were flat. Asia sales increased 52%. Net sales in Motive Power segment were up 2%, while Reserve Power segment sales increased 12%.

$ENS {{ '2016-08-11T13:52:43+0000' | timeago}} • Webcast

For 2Q17, $ENS expects adjusted EPS to be $1.06-1.10. CEO David Shaffer said, "In our second quarter, we expect that normal seasonal vacation trends in Europe and U.S. will cause our sales volume to be sequentially lower." $ENS added that it had hired Jorn Tinnemeyer as its Chief Technical Officer.

$ENS {{ '2016-08-11T10:19:54+0000' | timeago}} • Announcement

Stored energy solutions company $ENS said its BoD has declared a quarterly dividend of $0.175 per share payable Sept. 30, 2016 to holders of record on Sept. 16, 2016.

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