EarningsEnerSys shares climbed modestly after the company reported second-quarter revenue and earnings above consensus estimates.
Operational EfficiencyAdjusted gross margin of 29.1% was up 70 basis points sequentially and 40 basis points year-over-year, driven by favorable mix across the segments, pricing, and operational efficiencies.
Revenue GrowthEnergy systems revenue increased 14%, largely driven by volume from data center growth and the ongoing recovery in the U.S. communications market.