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Pennsylvania, United States
[United States]
Posted on : Nov 06, 2019

EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today results for its second quarter fiscal 2020, which ended on September 29, 2019.



Net earnings attributable to EnerSys stockholders (“Net earnings”) for the second quarter of fiscal 2020 were $62.7 million, or $1.47 per diluted share, which included a favorable highlighted net of tax impact of $10.0 million, or $0.24 per diluted share, from highlighted items described in further detail in the tables shown below, reconciling non-GAAP adjusted financial measures to reported amounts.


Net earnings for the second quarter of fiscal 2019 were $47.4 million, or $1.11 per diluted share, which included an unfavorable highlighted net of tax impact of $2.5 million, or $0.06 per diluted share from highlighted items described in further detail in the tables shown below, reconciling non-GAAP adjusted financial measures to reported amounts.


Excluding these highlighted items, adjusted Net earnings per diluted share for the second quarter of fiscal 2020, on a non-GAAP basis, were $1.23, which compared to guidance of $1.20 to $1.24 per diluted share for the second quarter given by the Company on August 7, 2019. These earnings compare to the prior year second quarter adjusted Net earnings of $1.17 per diluted share. Please refer to the section included herein under the heading “Reconciliation of Non-GAAP Financial Measures” for a discussion of the Company’s use of non-GAAP adjusted financial information, which include tables reconciling GAAP and non-GAAP adjusted financial measures for the quarters ended September 29, 2019 and September 30, 2018.


Net sales for the second quarter of fiscal 2020 were $762.1 million, an increase of 15% from the prior year second quarter net sales of $660.5 million and a 2% sequential quarterly decrease from the first quarter of fiscal 2020 net sales of $780.2 million. The increase in the current quarter compared to the prior year quarter was the result of a 22% increase due to the Alpha acquisition, partially offset by a 4% decrease in organic volume, a 2% decrease in foreign currency translation impact and a 1% decrease in pricing. The 2% sequential quarterly decrease was primarily due to a 1% decrease each in organic volume and foreign currency translation impact.

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[United States]
Posted on : Nov 06, 2019
EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today results for its second quarter fiscal 2020, which ended on September 29, 2019. ....
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