Overview

* EnerSys ( ENS ) fiscal Q1 net sales rise 5% to $893 mln, beating estimates, per LSEG data

* Adjusted EPS of $1.11 missed analyst expectations, per LSEG data

* Co announces $1 bln increase in stock repurchase authorization

Outlook

* EnerSys ( ENS ) expects Q2 net sales of $870M to $910M

* Company anticipates Q2 adjusted diluted EPS of $2.33 to $2.43

* EnerSys ( ENS ) sees Q2 IRC 45X benefits to cost of sales at $35M to $40M

* Company pauses full-year guidance amid policy and macro uncertainties

Result Drivers

* BREN-TRONICS ACQUISITION - Revenue growth driven by Bren-Tronics acquisition, contributing to 4% increase in sales

* COMMUNICATIONS RECOVERY - Continued recovery in U.S. Communications market supported sales growth

* DATA CENTER DEMAND - Robust Data Center deployments bolstered revenue, per CEO Shawn O'Connell

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Sales Beat $893 mln $848 mln

(4

Analysts

)

Q1 Miss $1.11 $2.05 (4

Adjusted Analysts

EPS )

Q1 EPS $1.46

Q1 Net $57.50

Income mln

Q1 $86.50

Operatin mln

g

Earnings

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the electrical components & equipment peer group is "buy"

* Wall Street's median 12-month price target for EnerSys ( ENS ) is $101.00, about 9.5% above its August 5 closing price of $91.40

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)