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Oct 04, 2020
EnerSys Q2 2021 Earnings Report
Reported results for the second quarter of fiscal year 2021.
Key Takeaways
EnerSys reported a 7% year-over-year decrease in net sales to $708.4 million for Q2 2021. Despite the revenue decline, the company highlighted strong cash flow due to lower costs, including commodities, and a sequential improvement in operating earnings. The company is resuming guidance for the next quarter, expecting adjusted earnings of $1.17 to $1.23 per share.
Net sales of $708M down 7% YoY
Gross Profit Margins steady at 25%
Operating earnings up 60 bps sequentially due to better volume
Net Earnings per Diluted Share at $0.83
EnerSys
EnerSys
EnerSys Revenue by Segment
Forward Guidance
EnerSys expects to achieve as-adjusted earnings of between $1.17 to $1.23 per share in our third fiscal quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income