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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
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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