The following is a summary of the EnerSys (ENS) Q4 2024 Earnings Call Transcript:
Financial Performance:
EnerSys reported Q4 revenue of $911 million, aligning with expectations for the quarter, while the full year revenue stood at $3.6 billion, down by 3% year-over-year.
Q4 saw an adjusted earnings per share of $2.08, at the higher end of their guidance range.
Fiscal year FY24 closed with an adjusted diluted EPS of $8.35 per share, indicating a significant rise of 56%.
Projections for fiscal year FY25 CapEx stand between $100 million to $120 million with expectations for EPS in FY2027 leaning between $11 to $13 per share.
Business Progress:
EnerSys saw a positive demand surge across majority of its end markets, and energy systems reporting 14% sales increase in the Americas' data centers year-over-year.
Strategic progress in cost-improvement measures, operations streamlining via shared services, traction in high growth markets.
Progress witnessed in maintenance-free conversions in Motive Power, along with record order rates in the Specialty line of business.
Acquisition of Bren-Tronics is expected to boost lithium product offerings and revenue, with integration set to be completed by end of first fiscal quarter.
Sustainability efforts saw a reduction of 4.2% in absolute Scope 1 emissions and 15% reduction in energy intensity.
Confidence in achieving future goals, including completion of a domestic lithium plant and initiating advanced energy storage systems with software enhancements.
Despite ongoing supply chain constraints, the company reported normalized states and improvements in freight and commodity costs.
The company retains a focus on enhancing factory flexibility for rapid market shift adjustments and deliver value to shareholders.
More details: EnerSys IR
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