EnerSys převezme Ultralife za přibližně 320 milionů USD v hotovosti; akcionáři Ultralife obdrží 16 USD za akcii, což představuje prémii 166 % oproti závěrečné ceně ze 26. října 2026.
NEWARK, N.Y., Oct. 27, 2026 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) today announced that it has entered into an Agreement and Plan of Merger (“merger agreement”) with EnerSys (NYSE: ENS) under which upon closing EnerSys will acquire Ultralife Corporation in an all-cash transaction valued at approximately $320 million, including the assumption of net debt.
Under the terms of the merger agreement, which has been unanimously approved by the Boards of Directors of both companies, Ultralife Corporation shareholders will receive $16.00 in cash for each share of Ultralife Corporation common stock they own. The purchase price represents a premium of 166% to Ultralife Corporation’s closing stock price on October 26, 2026.
Strategic Benefits of the Transaction:
Ultralife is highly complementary to EnerSys and a combination creates a compelling platform for continued innovation, customer support and growth. Together, we believe EnerSys and Ultralife would be well positioned to:
Establish a unique portfolio of integrated, mission-critical power solutions by combining complementary products, engineering capabilities and application-specific design expertise;
Increase scale and broaden exposure to the large and rapidly growing defense market with capabilities across mission-critical applications in munitions, soldier power, drones, counter drones, and autonomous systems accelerating focused growth;
Expand EnerSys’ advanced defense power technology portfolio with the addition of Ultralife’s differentiated multi-chemistry capabilities, purpose-built advanced manufacturing capacity with existing security and environmental permits, and operational expertise to scale production of EnerSys’ proprietary liquid reserve battery technology; and
Deepen customer relationships by creating a broader, Foreign Entity of Concern (FEOC)-compliant product portfolio for U.S. Department of War and allied country customers. Management Commentary:
"Combining with EnerSys is an exciting next step that will allow us to unlock value and growth opportunities for both companies, while delivering substantial and certain cash value to Ultralife shareholders,” said Michael E. Manna, President and Chief Executive Officer of Ultralife Corporation. “This transaction is a testament to the hard work and dedication of our entire organization, and now offers even greater opportunities for our valued employees. We look forward to partnering with the EnerSys team with the combined scale, resources, and shared vision to accelerate innovation and better serve our global customer base."
“This acquisition is a compelling strategic fit for EnerSys and directly advances our strategy to build a broader, more differentiated defense power platform,” said Shawn O'Connell, President and Chief Executive Officer of EnerSys. “Building on the success of our recent acquisitions, Ultralife expands our portfolio of advanced, reliable, high-performance power solutions. Together, we will be better positioned to support the U.S. Department of War (DoW) and allied forces with leading-edge, cost-effective technologies for the increasingly electrified battlefield of the future. We know the Ultralife business and its team well, and are confident that our shared commitment to engineering, problem solving, and customer focus will create a strong cultural fit. We look forward to combining our strengths to accelerate growth, enhance performance, and deliver greater value to our customers and shareholders.”
Transaction Details and Timing:
EnerSys intends to finance the transaction through cash on hand and, accordingly, is not subject to a financing contingency. The transaction has been unanimously approved by the Boards of Directors of both companies. Under the terms of the merger agreement, EnerSys, through a subsidiary, will commence a tender offer to acquire all of the outstanding shares of Ultralife common stock at a price of $16.00 per share in cash at closing, representing a total enterprise value of approximately $320 million. The transaction is subject to customary closing conditions, including the tender of at least a majority of the outstanding shares of Ultralife’s common stock and receipt of applicable regulatory approvals, and is expected to close in the first quarter of calendar year 2027. Upon completion of the transaction, Ultralife Corporation’s common stock will no longer be listed on any public market.
About Ultralife Corporation
Ultralife is a global leader in mission-critical battery, power, communications and compute solutions for the most demanding applications in government/defense, medical, oil & gas and industrial markets across the globe.
Headquartered in Newark, New York, the Company's business segments include Battery & Energy Products and Communications Systems. Ultralife has operations in North America, Europe and Asia. For more information, visit www.ultralifecorporation.com.
About EnerSys
EnerSys is a global leader in stored energy solutions helping industrial, infrastructure and defense customers address critical power and operational needs with batteries, chargers and other power equipment. The company delivers integrated solutions that combine energy storage technologies, power electronics, software-enabled intelligence, technical expertise and comprehensive global customer support. EnerSys supports customers across communications networks, data centers, energy infrastructure, material handling, transportation, aerospace and defense — including applications where power continuity is essential. Serving customers in more than 100 countries, EnerSys helps organizations manage energy more reliably, efficiently and intelligently in complex operating environments where uptime, safety and resilience matter. For more information, visit www.enersys.com.
Additional Information and Where to Find It
The Offer has not yet commenced. This communication is for informational purposes only and is neither a recommendation, nor an offer to purchase nor a solicitation of an offer to sell securities of Ultralife or any other entity, nor is it a substitute for any tender offer materials that Parent, Merger Sub or Ultralife will file with the SEC. A solicitation and an offer to buy securities of Ultralife will be made only pursuant to an offer to purchase and related materials that Parent and Merger Sub intend to file with the SEC.
At the time the Offer is commenced, Parent and Merger Sub intend to file a Tender Offer Statement on Schedule TO with the SEC, and Ultralife will thereafter file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the Offer. THE STOCKHOLDERS AND OTHER INVESTORS OF ULTRALIFE ARE URGED TO READ THE TENDER OFFER MATERIALS (INCLUDING THE OFFER TO PURCHASE, THE RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE OFFER.
The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement on Schedule 14D-9, will be sent to all stockholders of Ultralife at no expense to them. The Schedule TO, the Schedule 14D-9 and other related documents will also be made available for free at the SEC’s website at www.sec.gov. Additional copies may be obtained for free by contacting either EnerSys or Ultralife, or by contacting D.F. King & Co., Inc., the information agent for the Offer, toll-free at (866) 388-7535. Copies of the documents filed with the SEC by Ultralife will be available free of charge on Ultralife’s website at investor.ultralifecorporation.com. Copies of the documents filed with the SEC by EnerSys will be available free of charge on EnerSys’s website at www.enersys.com or by contacting EnerSys at (610) 208-1991.
In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement on Schedule 14D-9, EnerSys and Ultralife each file annual, quarterly and current reports, proxy statements and other information with the SEC, which are available to the public over the internet at the SEC’s website at http://www.sec.gov.
Forward-Looking Statements
This press release contains “forward-looking statements.” These statements relate to future events and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of EnerSys and Ultralife to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases, forward-looking statements may be identified by terms such as “may,” “will,” “could,” “expects,” “plans,” “anticipates,” “believes” and similar expressions intended to identify forward-looking statements. These statements reflect Ultralife’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, investors should not place undue reliance on these forward-looking statements. Forward-looking statements include, without limitation, statements regarding the Offer, the Merger and the other transactions contemplated by the Merger Agreement, the timing of the Offer and related transactions, the possibility that the transaction does not close, uncertainties as to how many of Ultralife’s stockholders will tender their stock in the offer; the possibility that competing offers will be made; the possibility that various closing conditions for the transaction may not be satisfied or waived, including any governmental or regulatory approvals, the anticipated benefits of the transaction, the integration of Ultralife into EnerSys, prospective performance and opportunities, post-closing operations and the outlook for the businesses of EnerSys and Ultralife, and any assumptions underlying any of the foregoing.
The following are some of the factors that could cause actual future results to differ materially from those expressed in any forward-looking statements: (i) uncertainties as to the timing of the Offer and the Merger; (ii) the risk that the Offer or the Merger may not be completed in a timely manner or at all; (iii) uncertainties as to the percentage of Ultralife’s stockholders tendering their Shares in the Offer; (iv) the possibility that competing offers or acquisition proposals for Ultralife will be made; (v) the possibility that any or all of the conditions to consummation of the Offer or the Merger may not be satisfied or waived, including failure to receive required regulatory approvals or clearances or the imposition of conditions, limitations or restrictions on those approvals; (vi) the occurrence of any event, change or other circumstance that could give rise to termination of the Merger Agreement, including circumstances requiring Ultralife to pay the Company Termination Fee or Parent to pay the Reverse Termination Fee; (vii) the effect of the announcement or pendency of the transactions on the ability of EnerSys or Ultralife to retain and hire key personnel, maintain relationships with customers, suppliers and other business partners, or conduct their businesses; (viii) risks related to diverting management’s attention from ongoing business operations; (ix) the risk that stockholder litigation relating to the transactions may result in significant costs of defense, indemnification and liability; and (x) other factors set forth from time to time in each of EnerSys’s and Ultralife’s filings with the SEC, including its Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Any forward-looking statements set forth in this press release speak only as of the date of this press release. Ultralife does not intend to update any of these forward-looking statements to reflect events or circumstances that occur after the date hereof, other than as required by law. Investors are cautioned not to place undue reliance on these forward-looking statements.
EnerSys za měsíc od poslední výsledkové zprávy oslabil o 9,3 %. Ve 1. čtvrtletí fiskálního roku 2027 ale překonal odhady zisku i tržeb a pro 2. čtvrtletí fiskálního roku 2027 čeká vyšší tržby i zisk.
A month has gone by since the last earnings report for EnerSys (ENS - Free Report) . Shares have lost about 9.3% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is EnerSys due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Enersys before we dive into how investors and analysts have reacted as of late.
EnerSys Q1 Earnings and Sales Beat on Pricing, Margin ExpansionEnerSys reported its first-quarter fiscal 2027 results on Aug. 12. Its adjusted earnings came in at $3.66 per share, beating the Zacks Consensus Estimate of $2.82 by 29.8%. The bottom line increased 64.1% year over year, aided by margin expansion, IRC 45X benefits and a $30.9 million tariff refund.
Net sales of $936 million topped the consensus estimate of $923 million by 1.4% and increased 4.8% year over year. Pricing contributed 3%, foreign currency translation added 1% and organic volume rose 1%. Backlog was flat year over year but increased 2% sequentially.
Sales Mix Benefits From NIS and PPS StrengthNetwork & Infrastructure Solutions (NIS) sales rose 9.4% year over year to $428.3 million. Favorable volume and mix reflected strength in power electronics and data-center demand. Volume contributed 5%, price/mix added 4% and currency translation provided a 1% lift.
Precision Power Solutions (PPS) sales surged 23.6% to $100.5 million. Volume advanced 16%, price/mix added 7% and acquisitions contributed 1%. Aerospace and defense demand, particularly counter-drone and missile-defense applications, supported the increase.
EnerSys Faces Continued Industrial Mobility SoftnessIndustrial Mobility Solutions (IMS) sales fell 3.2% year over year to $406.8 million. Volume declined 5% as material-handling demand remained soft, partly offset by recovery in Transportation and improved price/mix.
Adjusted operating earnings for IMS declined 10.5% to $37.7 million, with adjusted operating margin contracting 70 basis points to 9.3%. This contrasted with NIS and PPS, where adjusted operating margins expanded 280 and 300 basis points, respectively.
Margin Gains Drive Stronger ProfitabilityGross profit increased to $313.4 million from $253.2 million, while gross margin expanded 510 basis points to 33.5%. Excluding IRC 45X benefits, gross margin improved 440 basis points to 28.5%.
Adjusted operating earnings advanced 47.2% to $178.8 million, with the margin rising 550 basis points to 19.1%. Excluding 45X benefits and tariff refunds, adjusted operating earnings increased 21% and the related margin improved 140 basis points to 10.8%, highlighting underlying operating leverage.
EnerSys Sees Healthy Orders Despite Market VariabilityFirst-quarter orders increased 7% year over year, driven by NIS, though they declined 9% sequentially on seasonality. The total book-to-bill ratio was 1.06, with NIS at 1.15, IMS at 1.04 and PPS at 0.73.
EnerSys also advanced targeted growth initiatives. Its Fortix 172-kWh battery energy storage system received UL and NFPA 855 approval, while the DataSafe Noir lithium offering launched in June. The company also secured a revised roughly $150 million Department of Energy grant for its planned U.S. lithium cell manufacturing campus.
Cash Generation Improves Financial FlexibilityCash from operating activities totaled $230.2 million, while free cash flow was $217.8 million and free cash flow conversion reached 187%. Cash and cash equivalents stood at $530.7 million at quarter-end, with net debt at $521.5 million and net leverage at 0.8.
The company returned $59.6 million to shareholders, including $50 million through share repurchases and $9.6 million through dividends. The board also raised the quarterly dividend 10% to 28.75 cents per share for the second quarter of fiscal 2027.
EnerSys Guides Higher Q2 Sales and EarningsFor the second quarter of fiscal 2027, EnerSys expects net sales of $955-$995 million. At the midpoint, this represents 2% year-over-year growth. IRC 45X benefits to cost of sales are projected at $42-$47 million.
Adjusted earnings are projected at $3.15-$3.25 per share, with adjusted earnings excluding 45X benefits at $1.95-$2.05. The company expects first-half earnings growth to be driven primarily by margin expansion, followed by greater top-line growth later in fiscal 2027 as material handling recovers and strength continues in data centers, communications, aerospace and defense, and transportation.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.
The consensus estimate has shifted 7.75% due to these changes.
VGM ScoresAt this time, EnerSys has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise EnerSys has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
EnerSys v 1. čtvrtletí fiskálního roku 2027 překonala odhady zisku už 19. čtvrtletí v řadě a tržby vzrostly o 5 % na 936 mil. USD. Firma navíc zvýšila výhled zisku na akcii pro 2. čtvrtletí fiskálního roku 2027 nad konsensus.
Key Takeaways On Aug 12, 2026, EnerSys beat on earnings for the 19th quarter in a row. EnerSys guided above the Zacks Consensus for Fiscal Q2 2027 on strong data center demand.EnerSys is cheap. It trades with a forward P/E of just 14.2. EnerSys (ENS - Free Report) is seeing strong energy solutions demand thanks to data center and other mission critical needs. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by 27% in fiscal 2027.
EnerSys is headquartered in Reading, PA and operates in stored energy solutions helping industrial, infrastructure and defense customers address critical power and operational needs.
It supports customers across key mission critical areas including communications networks, data centers, energy infrastructure, material handling, transportation, and aerospace and defense.
EnerSys serves customers in more than 100 countries. It has a market cap of $6.9 billion.
EnerSys Beats on Earnings Again in the Fiscal 2027 First QuarterOn Aug 12, 2026, EnerSys reported its first quarter fiscal 2027 results and beat the Zacks Consensus by $0.84. Earnings were $3.66 compared to the Zacks Consensus of $2.82.
EnerSys is an earnings all-star. It has only missed on the Zacks Consensus one time in the last 5 years and that was all the way back in 2021. It has beat on earnings 19 quarters in a row.
Image Source: Zacks Investment Research
That’s an impressive earnings surprise track record.
Net sales were up 5% to $936 million. It saw a big jump in gross margin, up 510 basis points, to 33.5%.
The company was a beneficiary of the tariff refunds, realizing $30.9 million in the quarter. If you strip out the one-time refund, earnings were still up 42% year-over-year.
“Momentum across data centers, communications, and aerospace & defense is generating strong sales growth and margin expansion, offsetting the delayed recovery of material handling demand, and enabling another record first quarter result,” said Shawn O’Connell, President and CEO.
EnerSys Gives Bullish Fiscal Second Quarter 2027 GuidanceEnerSys is bullish about the outlook in the fiscal second quarter.
“Our second quarter outlook reflects continued strength across Data Centers, Communications, and Aerospace and Defense, as well as early recovery in Transportation,” said Andrea Funk, CFO.
The company also expects earnings growth to be from margin expansion in the first half of the fiscal year but with a shift to higher top line growth towards the end of fiscal 2027.
The company guided fiscal second quarter 2027 earnings above the Zacks Consensus in the range of $3.15 to $3.25. The Zacks Consensus had been looking for $3.01.
Analysts Raise EnerSys Estimates for the Full YearGiven the big earnings beat and guide for Q2 that was higher than the consensus, it’s not a surprise that analysts have raised their fiscal 2027 full year earnings estimates.
Two estimates were raised in the last week, pushing the Zacks Consensus up to $13.41 from $12.37 before the earnings report.
This is earnings growth of 27% as the company made only $10.56 in fiscal 2026.
One estimate was also revised higher for fiscal 2028 in the last week as well, pushing up the Zacks Consensus to $15.10. That’s another 12.6% earnings growth.
What it looks like now on the five-year price and consensus chart.
Image Source: Zacks Investment Research
The Stock Takes a Time Out: A Buying Opportunity?Shares of EnerSys have soared over the last year, gaining 93% during that period, as the AI infrastructure plays were hot. But in the last 3 months, the AI infrastructure trade has cooled off.
EnerSys shares are down 18.9% in this period.
Image Source: Zacks Investment Research
But they are getting cheaper on a fundamental basis. EnerSys now trades with a forward price-to-earnings (P/E) ratio of 14.2. A P/E ratio under 15 usually indicates a company is undervalued.
EnerSys also has a PEG ratio of 0.9. A PEG is the P/E ratio divided by growth. A PEG ratio under 1.0 usually means a company has both value and growth. This is a rare combination.
EnerSys is also shareholder friendly. On Aug 12, 2026, the Board declared a 10% increase to the company’s quarterly dividend to $0.2875 per share. That’s an annual dividend of $1.05 which is yielding 0.6%.
It’s payable on Oct 2, 2026, to holders of record as of Sep 18, 2026.
The company also has a share buyback program and repurchased $50 million in shares in the fiscal first quarter of 2027.
For investors looking for a way to play energy solutions during the AI Revolution, but want to get it cheap, EnerSys should be on your short list.
EnerSys získal od šesti analytiků průměrné doporučení „Moderate Buy“ a cílovou cenu 265 USD. Firma zároveň oznámila tržby ve výši 935,6 milionu USD a upravený zředěný EPS 3,66 USD, oba údaje nad odhady.
Enersys (NYSE:ENS – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $265.00.
A number of research analysts have commented on ENS shares. BTIG Research reiterated a “buy” rating and issued a $280.00 price objective on shares of Enersys in a research report on Thursday. Weiss Ratings downgraded Enersys from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. TD Cowen upped their price target on Enersys from $220.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Oppenheimer reiterated an “outperform” rating on shares of Enersys in a report on Friday. Finally, Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a research report on Saturday.
Read Our Latest Report on Enersys
Institutional Investors Weigh In On Enersys Several institutional investors have recently modified their holdings of the business. CIBC Private Wealth Group LLC lifted its holdings in Enersys by 116.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company’s stock valued at $27,000 after buying an additional 98 shares during the period. Allworth Financial LP grew its holdings in Enersys by 442.2% during the 3rd quarter. Allworth Financial LP now owns 244 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 199 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Enersys during the 4th quarter worth $30,000. SBI Securities Co. Ltd. raised its position in shares of Enersys by 239.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 214 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 151 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Enersys during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 94.93% of the company’s stock.
Key Enersys News Here are the key news stories impacting Enersys this week:
Positive Sentiment: Results exceeded expectations: EnerSys reported fiscal Q1 sales of approximately $935.6 million, up 4.8% year over year, while adjusted diluted EPS rose to $3.66 from $2.23. EPS exceeded the roughly $2.82–$2.83 consensus estimate, and revenue also topped forecasts. Pricing, margin expansion, tax benefits and a tariff refund supported the earnings beat. ENS Q1 Earnings and Sales Beat on Pricing, Margin Expansion Positive Sentiment: Favorable second-quarter outlook: Management projected fiscal Q2 sales of $955 million to $995 million and adjusted EPS of $3.15 to $3.25. The company highlighted demand momentum in data centers, communications, and aerospace and defense, helping offset softer material-handling trends. EnerSys jumps on earnings beat, upbeat Q2 guidance Positive Sentiment: Capital-return and growth initiatives: EnerSys raised its quarterly dividend approximately 9.5% to $0.2875 per share, signaling confidence in cash generation. Management also reported a cash increase and continued progress toward a U.S. lithium-cell facility, supporting the company’s longer-term strategy. EnerSys Earnings Call Highlights Lithium Push, Cash Surge Positive Sentiment: Analyst support: BTIG reaffirmed its Buy rating and maintained a $280 price target, implying substantial potential upside from the reported trading level. BTIG rating reaffirmation Neutral Sentiment: Some of the quarter’s benefit came from tax advantages and a tariff refund, which may not fully recur. Investors will also monitor weaker material-handling demand and execution risks surrounding the lithium-cell expansion. Enersys Trading Up 0.0% Shares of NYSE ENS opened at $203.50 on Friday. Enersys has a 1-year low of $97.03 and a 1-year high of $244.30. The company has a 50-day moving average of $206.31 and a two-hundred day moving average of $197.40. The company has a market cap of $7.42 billion, a PE ratio of 21.79, a P/E/G ratio of 1.10 and a beta of 1.19. The company has a current ratio of 2.80, a quick ratio of 1.83 and a debt-to-equity ratio of 0.51.
Enersys (NYSE:ENS – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The industrial products company reported $3.66 EPS for the quarter, beating the consensus estimate of $2.83 by $0.83. Enersys had a net margin of 9.29% and a return on equity of 24.02%. The business had revenue of $935.64 million for the quarter, compared to analysts’ expectations of $928.01 million. During the same period in the prior year, the firm earned $2.08 earnings per share. Enersys’s revenue was up 4.8% compared to the same quarter last year. Enersys has set its Q2 2027 guidance at 1.950-2.050 EPS. As a group, equities analysts expect that Enersys will post 12.29 earnings per share for the current fiscal year.
Enersys Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 18th will be paid a $0.2875 dividend. This is a boost from Enersys’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.15 annualized dividend and a dividend yield of 0.6%. Enersys’s payout ratio is 11.24%.
Enersys Company Profile (Get Free Report)
Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.
The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.
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EnerSys vykázala rekordní výsledky za 1. fiskální čtvrtletí 2027, tržby vzrostly o 5 % na 936 milionů USD. Zisk podpořily vyšší objemy, cenový mix a jednorázový přínos 31 milionů USD z refundací tarifů.
3 Battery Stocks to Buy and Hold for the Rest of the DecadeEnerSys NYSE: ENS reported record first-quarter fiscal 2027 results, with sales rising 5% from a year earlier to $936 million as favorable price mix, higher volumes and foreign-currency translation supported growth. The company said its Network & Infrastructure Solutions and Precision Power Solutions businesses performed strongly, while Industrial Mobility Solutions continued to face weaker material-handling demand despite an early recovery in transportation.
President and CEO Shawn O'Connell said the quarter reflected strength in data centers, communications and defense markets, along with operating-expense discipline and stock repurchases supported by cash generation. First-quarter orders rose 7% year over year, while book-to-bill was 1.06 times. Backlog was relatively flat from the prior year and increased 2% sequentially.
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Profitability Boosted by Tariff Refunds and Tax Credits
Chief Financial Officer Andi Funk said the quarter included a $31 million, or $0.63-per-share, one-time benefit from refunds of previously paid IEEPA tariffs. The refunds were not included in the company’s guidance or its operational segment results.
Gross profit increased 24% year over year to $313 million, and gross margin expanded 510 basis points to 33.5%. Excluding the tariff refunds, gross profit rose 12% and gross margin improved 180 basis points. The company also received $9 million in expanded 45X manufacturing tax-credit benefits, largely related to moving production from its Monterrey, Mexico, plant to its Richmond, Kentucky, facility.
Adjusted operating earnings rose 47% from the prior-year period, while adjusted EBITDA increased 50% and adjusted diluted earnings per share climbed 65%. Excluding tariff refunds, adjusted operating earnings increased 22% with 45X benefits and 21% without them, according to the company.
EnerSys also changed its adjusted-metric presentation beginning this quarter to exclude non-cash stock-based compensation expense from adjusted operating earnings, adjusted EBITDA and adjusted diluted EPS. Prior-year figures were recast for comparability.
Segment Results Highlight Data Centers and Defense
Network & Infrastructure Solutions: Revenue increased 9% to $428 million, while adjusted operating earnings rose 50% to $45 million. Adjusted operating margin improved 280 basis points to 10.5%. The company cited demand for power electronics, data-center products and service offerings.
Industrial Mobility Solutions: Revenue declined 3% to $407 million, and adjusted operating earnings fell 11% to $38 million. The segment’s 9.3% adjusted operating margin was down 70 basis points, as lower material-handling volumes offset price mix and cost improvements.
Precision Power Solutions: Revenue grew 24% to $101 million, with adjusted operating earnings increasing 48% to $18 million. Adjusted operating margin rose 280 basis points to 18.2%, driven by aerospace and defense demand, particularly for counter-drone and missile-defense applications.
O'Connell said data-center revenue grew in the low teens during the quarter, while data-center orders increased more than 80% from a year earlier. Funk noted that such orders can extend 12 to 36 months, providing visibility into demand for the company’s lead-based offerings.
The company expects its recently launched DataSafe Noir lithium offering for data centers to begin contributing meaningfully to revenue in fiscal 2028. O'Connell said the product has generated customer interest due to its energy density, cost competitiveness and the ability to pair it with EnerSys’ service network.
In Industrial Mobility, management said transportation orders nearly doubled year over year in the first quarter, while material-handling orders declined by a high-single-digit percentage. EnerSys expects material-handling demand to improve later in fiscal 2027 and said it plans to begin recognizing revenue from its next-generation lithium offering in the second half.
DOE-Supported Lithium Plant Planned in South Carolina
EnerSys finalized a U.S. Department of Energy grant for a planned lithium-cell manufacturing facility in Greenville, South Carolina. The facility will focus on defense applications and serve as a Lithium and Advanced Technologies Center of Excellence.
The plant is expected to have initial annual production capacity of approximately 1 gigawatt-hour and will manufacture high-energy-density cells for manned platforms, soldier power, space and autonomous systems. O'Connell said the facility is designed for specialized defense applications requiring smaller-format cells, specialized equipment and security protocols rather than broad commercial lithium production.
The revised DOE grant will provide approximately $150 million toward the project’s estimated $650 million cost. EnerSys expects its approximately $500 million net investment to be funded entirely through operating cash flow. The company also cited an approximately $200 million state and local incentive package from South Carolina and Greenville County.
Construction is planned to begin in the first half of fiscal 2028, with full production expected about three years after construction begins. Management expects the investment to generate an internal return in the mid-20% range.
Cash Flow, Capital Returns and Outlook
Operating cash flow was $230 million and capital expenditures totaled $12 million, producing $218 million in free cash flow compared with negative $32 million a year earlier. The result was aided by a $115 million U.S. federal tax refund and tariff-refund receipts. As of July 5, EnerSys held $531 million in cash and cash equivalents, while net debt totaled $522 million.
During the quarter, the company repurchased 219,000 shares for $50 million at an average price of about $229 per share. It had nearly $900 million remaining under its repurchase authorization. The board also increased the quarterly dividend 10% to $0.2875 per share for the second quarter of fiscal 2027.
For the fiscal second quarter, EnerSys forecast net sales of $955 million to $995 million and adjusted diluted EPS of $3.15 to $3.25, including $42 million to $47 million of 45X benefits to cost of sales. Excluding 45X benefits, it expects adjusted diluted EPS of $1.95 to $2.05, representing growth of about 25% at the midpoint from the prior-year period.
About Enersys (NYSE:ENS)Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.
The company's product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.
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EnerSys (ENS - Free Report) came out with quarterly earnings of $3.66 per share, beating the Zacks Consensus Estimate of $2.82 per share. This compares to earnings of $2.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +29.79%. A quarter ago, it was expected that this maker of industrial batteries would post earnings of $3 per share when it actually produced earnings of $3.19, delivering a surprise of +6.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
EnerSys, which belongs to the Zacks Manufacturing - Electronics industry, posted revenues of $935.6 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.39%. This compares to year-ago revenues of $893 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
EnerSys shares have added about 26.9% since the beginning of the year versus the S&P 500's gain of 12.9%.
What's Next for EnerSys?While EnerSys has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for EnerSys was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.96 on $972.84 million in revenues for the coming quarter and $12.10 on $3.89 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Electronics is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Industrial Products sector, ClearSign Technologies (CLIR - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 19.
This combustion systems technology company is expected to post quarterly loss of $0.25 per share in its upcoming report, which represents a year-over-year change of +16.7%. The consensus EPS estimate for the quarter has been revised 6.8% higher over the last 30 days to the current level.
ClearSign Technologies' revenues are expected to be $0.61 million, up 369.2% from the year-ago quarter.
READING, Pa.--(BUSINESS WIRE)--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial, infrastructure, and defense applications announced today that its Board of Directors has approved an increase to its quarterly cash dividend of 10% to $0.2875 per share of common stock payable on October 2, 2026, to holders of record as of September 18, 2026.
“Our decision to increase the dividend reflects our confidence in EnerSys’ earnings growth, strong cash flow generation, and long-term value creation framework,” said Shawn O’Connell, EnerSys President and Chief Executive Officer. “We remain committed to a disciplined capital allocation strategy that balances organic and inorganic investment in the business with consistent returns to shareholders, including a competitive dividend that grows with earnings, excluding 45X benefits, and share repurchases under our authorization, which has approximately $900 million remaining as of the end of the first quarter.”
About EnerSys
EnerSys is a global leader in stored energy solutions helping industrial, infrastructure and defense customers address critical power and operational needs with batteries, chargers and other power equipment. The company delivers integrated solutions that combine energy storage technologies, power electronics, software-enabled intelligence, technical expertise and comprehensive global customer support. EnerSys supports customers across communications networks, data centers, energy infrastructure, material handling, transportation, aerospace and defense — including applications where power continuity is essential. Serving customers in more than 100 countries, EnerSys helps organizations manage energy more reliably, efficiently and intelligently in complex operating environments where uptime, safety and resilience matter. For more information, visit www.enersys.com.
Caution Concerning Forward-Looking Statements
This press release, and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys’ earnings estimates, intention to return capital to stockholders, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, continuing to pay cash dividends at the current rate, earnings or earnings per share growth, its intention to pay quarterly cash dividends and return capital to stockholders, execution of its stock repurchase program, and market share, as well as statements expressing optimism or pessimism about future operating results or benefits from either its cash dividend or its stock repurchase programs, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management’s current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond EnerSys’ control. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.
Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. For a list of other factors which could affect EnerSys’ results, including earnings estimates, see EnerSys’ filings with the Securities and Exchange Commission, including “Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations,” and “Forward-Looking Statements,” set forth in EnerSys’ Annual Report on Form 10-K for the fiscal year ended March 31, 2026. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. No undue reliance should be placed on any forward-looking statements.
