EnerSys reports Q2 adjusted EPS $2.56, consensus $2.35

Reports Q2 revenue $951M, consensus $890.27M. “Our strong performance in the quarter reflects solid execution and our commitment to continuous improvement and collaboration across the organization,” said CEO Shawn O’Connell. “We delivered net sales up 8% and adjusted diluted EPS ex 45X up 15%. We are beginning to realize the impact of our EnerGize strategic framework that we introduced last quarter. We expect these benefits to accelerate as we are increasing our rigor around R&D and CapEx investments, reallocating resources to focus on higher-return opportunities and executing with greater speed. At the same time, we are right-sizing the organization in order to generate meaningful reductions in operating expenses.”