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Oct 03, 2021
EnerSys Q2 2022 Earnings Report
EnerSys reported mixed Q2 results with strong demand and supply chain challenges.
Key Takeaways
EnerSys reported a 12% increase in net sales compared to the previous year, reaching $791.4 million, driven by strong demand across all business lines. However, earnings were impacted by supply chain disruptions and inflation outpacing pricing actions. The company's backlog exceeded $1 billion for the first time. Adjusted diluted earnings per share were $1.01, compared to guidance of $1.03 to $1.13.
Net sales increased by 12% to $791 million compared to Q2 2021.
Record backlog exceeded $1 billion.
Supply chain issues slowed Q2 shipments and affected earnings.
Pricing initiatives are beginning to take hold, especially in Energy Systems.
EnerSys
EnerSys
EnerSys Revenue by Segment
Revenue by Segment
Energy Systems Revenue
CapyFin.comMotive Power Revenue
CapyFin.comSpecialty Revenue
CapyFin.com Forward Guidance
EnerSys expects adjusted diluted earnings per share to be between $0.96 and $1.06 in the third fiscal quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income