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Jul 05, 2020
EnerSys Q1 2021 Earnings Report
EnerSys reported results for the first quarter of fiscal year 2021, which ended on July 5, 2020.
Key Takeaways
EnerSys reported net sales of $705 million, a 10% decrease year-over-year, with Motive Power significantly impacted by COVID-19 while Energy Systems and Specialty segments performed better. The company generated $117 million in operating cash flow and managed to maintain gross profit margins at 25%.
Net sales of $705M down 10% YoY as COVID disrupted Motive Power while Energy Systems and Specialty fared better
Gross Profit Margins steady at 25%
Operating Expenses flexed with volume
Operating Cash Flow of $117M was strong
EnerSys
EnerSys
EnerSys Revenue by Segment
Forward Guidance
EnerSys expects to resume guidance when its ability to assess the global Motive Power market’s recovery becomes clearer.
Revenue & Expenses
Visualization of income flow from segment revenue to net income