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Jul 04, 2021
EnerSys Q1 2022 Earnings Report
EnerSys reported a solid Q1 with strong demand across all business segments and revenue up 16% year-over-year, but faced supply chain challenges impacting revenue and earnings growth.
Key Takeaways
EnerSys reported a solid first quarter with net sales of $814.9 million, a 15.6% increase from the prior year. The company's adjusted diluted earnings per share were $1.25, meeting the guidance. However, supply chain challenges restrained revenue and earnings growth.
Net sales of $815M, up 16% vs. Q1'21
Q1’22 backlog growth of $157M
Gross Profit of 24% includes recent inflation pressure
Supply chain slowed Q1 shipments and earnings
EnerSys
EnerSys
EnerSys Revenue by Segment
Revenue by Segment
Energy Systems Revenue
CapyFin.comMotive Power Revenue
CapyFin.comSpecialty Revenue
CapyFin.com Forward Guidance
The company expects adjusted diluted earnings per share to be between $1.03 and $1.13 in the second fiscal quarter.
Positive Outlook
- Consistently robust orders
- Strong backlog
- Recent pricing actions
- Steadily improving supply chain
Challenges Ahead
- Fluidity of lingering COVID impacts
- Acceleration of investment in new EV fast charging program
- Global annual wage increases moving from April 1 to July 1
Revenue & Expenses
Visualization of income flow from segment revenue to net income