ENS EnerSys featured news, full reports, and detailed charts
EnerSys (ENS) Wrap Up:
EnerSys engages in the manufacture and sale of industrial batteries. It also offers related direct current power products, including chargers, electronic power equipment, and various battery accessories. The companyÂ’s products include reserve power products or stationary power batteries that are used primarily for backup power applications to provide continuous power supply in case of main/primary power failure or outage. Its reserve power batteries are also used for telecommunications systems, uninterruptible power systems, specialty power, and switchgear and electrical control systems applications, as well as commercial and military aircraft, submarines, and tactical military vehicles applications. The companyÂ’s products also comprise motive power products, which are used to provide power primarily for electric industrial forklift trucks. Its motive power products are also used in mining equipment and railroad equipment; and by material handling equipment dealers and original equipment manufacturers (OEMs), as well as by end users, such as manufacturers, distributors, warehouse operators, retailers, airports, mine operators, and railroads. In addition, the company provides related after-market and customer-support services for industrial batteries. It markets and sells its reserve power batteries principally under the PowerSafe, DataSafe, Hawker, Genesis, Odyssey, Varta, and Cyclon brands; and motive power batteries principally under the Hawker, EnerSys Ironclad, General Battery, Fiamm Motive Power, and Express brands. The company also sells its aerospace and defense products to various countries, including the governments of the United States, Germany, and the United Kingdom, as well as to defense and aviation OEMs. It serves customers on a direct basis or through it distributors. The company was formerly known as Yuasa, Inc. and changed its name to EnerSys in January 2001. EnerSys was founded in 1999 and is headquartered in Reading, Pennsylvania.EnerSys (ENS:NYSE)
Snapshot of EnerSys (ENS)
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OPEN
$23.04
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PREVIOUS CLOSE
$23.23
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DAY HIGH
$24.10
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DAY LOW
$23.00
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52 WEEK HIGH
11/18/09 - $24.49
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52 WEEK LOW
11/21/08 - $5.71
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MARKET CAP
1.1B
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AVERAGE VOLUME 3 mo
470.5K
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DILUTED EPS TTM
$1.14
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SHARES OUTSTANDING
48.2M
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ENS Does Not Pay Dividends
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P/E TTM
20.9x
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| K = Thousands M = Millions B = Billions | ||
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Executives, Board Directors
Key developments for EnerSys (ENS)
EnerSys said that the company has $219 million in cash and it plans to use part of these proceeds for acquisitions. John Craig, Chairman, President and Chief Executive Officer of EnerSys said, “We continue to have positive cash flow with net debt down $9 million from the prior quarter, and we remain with $219 million of cash and short-term investments. As we have stated in the past, we plan to use a portion of this cash to fund acquisitions and the anticipated growth in our base business.”
EnerSys provided capital expenditure guidance for the full year 2010. The company expects capital expenditure to be close to $50 million for the full year.
EnerSys announced earnings results for the second quarter and six months ended September 27, 2009. Net earnings for the second fiscal quarter of 2010 were $12.9 million or $0.26 per diluted share, including the unfavorable highlighted charges of $0.06 per share impact from the $2.2 million, $3.2 million pre-tax, charge for restructuring plans, and $0.6 million, $0.8 million pre-tax, of expense related to potential acquisition activities. This compares to diluted net earnings per share of $0.48 for the second fiscal quarter of 2009, which included unfavorable highlighted charges of $0.02 per share or $0.7 million, $1.0 million pre-tax. Adjusted net earnings for the second fiscal quarter of 2010, on a non-GAAP basis, were $15.7 million or $0.32 per diluted share against non-GAAP adjusted net earnings of $25.1 million or $0.50 per diluted share for the same period a year ago. Net sales for the second fiscal quarter of 2010 were $367.3 million, a decrease of 30% from the prior year second fiscal quarter net sales of $526.8 million. Operating earnings were $25.1 million and earnings before income taxes of $18.7 million against operating earnings were $43.9 million and earnings before income taxes of $36.0 million for the same period a year ago. Net earnings for the six fiscal months of 2010 were $21.3 million or $0.44 per diluted share, including the unfavorable highlighted charges of $0.11 per share impact from the $4.7 million, $6.7 million pre-tax, charge for restructuring plans, and the $0.8 million, $1.2 million pre-tax, for expense related to potential acquisition activities. This compares to diluted net earnings per share of $0.98 for the six fiscal months of 2009, which included net favorable highlighted credits of $0.01 per share or $0.6 million, ($1.1) million charge pre-tax. Adjusted net earnings for the six fiscal months of 2010, on a non-GAAP basis, were $26.8 million or $0.55 per diluted share. This compares to the prior year second quarter of $49.0 million or $0.97 per diluted share on an adjusted and restated non-GAAP basis. These earnings were achieved despite the anticipated decline in revenue, which was partially offset by the positive effects of cost reduction activities and further reductions in commodity costs, net of pricing. Net sales for the six fiscal months of 2010 were $707.6 million, a decrease of 37% from the prior year six fiscal months net sales of $1.12 billion. Operating earnings were $44.7 million and earnings before income taxes of $31.0 million against operating earnings were $91.9 million and earnings before income taxes of $69.6 million for the same period a year ago.
ENS Competitors
| Company | Last | Change |
| Ener1 Inc | $5.07 USD | -0.06 |
| Exide Technologies | $7.79 USD | +0.09 |
| Nippon Chemi-Con Corporation | ¥265.00 JPY | +19.00 |
| Shin-Kobe Electric Machinery Co Ltd | ¥945.00 JPY | +3.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ENS | Industry Range |
| Price/Earnings | 20.5x |
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| Price/Sales | 0.7x |
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| Price/Book | 1.5x |
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| Price/Cash Flow | 20.4x |
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| TEV/Sales | 0.3x |
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ENS |
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ENS transactions
| Type Date |
Target |
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Merger/Acquisition
October 30, 2009 |
OEB Traction Batteries Inc. and Oerlikon Stationary Batteries Inc. |
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Merger/Acquisition
August 3, 2009 |
Keystone Mountaineer Power Systems, Inc. |
More Recent News About EnerSys
More news for ENS
ENERSYS Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
Show all filings for ENERSYS | Request a Trial to NEW EDGAR Online Pro Form 8-K for ENERSYS 29-Oct-2009Results of Operations and Financial Condition, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for infor...Click here to read the whole Article (external link)
ENERSYS Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. FORWARD-LOOKING STATEMENTS The Private Securities Litigation Reform Act of 1995 (the "Reform Act") provides a safe harbor for forward-looking statements made by or on behalf of EnerSys. EnerSys and its representatives may, from time to time, make written or verbal forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and its reports to stockholders. Generally, the inclusion of the words "believe," "expect," "intend," "estimate," "anticipate," "will," and similar expressions identify statements that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and that are intended to come within the safe harbor protection provided by those sections. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, earnings or earnings per share growth, and market share, as well as statements expressing optimism or pessimism about future operating results, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are and will be based on management's then-current views and assumptions regarding future events and operating performance, and are applicable only as of the dates of such statements. Forward-looking statements involve risks, uncertainties and assumptions. Although we do not make forward-looking statements unless we believe we have a reasonable basis for doing so, we cannot guarantee their accuracy. Actual results may differ materially from those expressed in these forward-looking statements due to a number of uncertainties and risks, including the risks described in the Co...Click here to read the whole Article (external link)
Q2 2010 ENERSYS Earnings Release - Time Not Supplied
Earnings Announcements for Friday, October 30CompanySymbolTimeConferenceCall104 CORP3130.TWTime Not SuppliedA DATA TECHNOLOGY CO LTD3260.TWOAfter Market CloseA. H. Belo CorporationAHCBefore Market OpenListenABACHO AGABO.FTime Not SuppliedABINGTON BANCORP INCABBCAfter Market CloseADOLFO DOMINGUEZ SAADZ.MCAfter Market CloseAdvanced Semiconductor EngineeringASXTime Not SuppliedADVANTA INDIA LTDADVANTA.BOTime Not SuppliedADVANTECH CO LTD2395.TWTime Not SuppliedAgfa-GevaertAFGVF.PKTime Not SuppliedAIA ENGINEERING LTDAIAENG.BOTime Not SuppliedAlcatel-LucentALUTime Not SuppliedAll Nippon AirwaysALNPY.PK02:00 am ETAlleteALEBefore Market OpenAlliant EnergyLNTBefore Market OpenListenALLIED DIGITAL SERVICS LTDADSL.BOTime Not SuppliedAmeren CorporationAEEBefore Market Open...Click here to read the whole Article (external link)
ENERSYS Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for ENERSYS | Request a Trial to NEW EDGAR Online Pro Form 8-K for ENERSYS 30-Oct-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes onl...Click here to read the whole Article (external link)
ENERSYS Earnings Call scheduled for 9:00 am ET today
Call DetailsENERSYS Earnings Conference Call (Q2 2010)Fri, Oct 30, 2009, 9:00 am EasternAbout ENERSYS (NYSE:ENS)EnerSys engages in the manufacture and sale of industrial batteries. It also offers related direct current power products, including chargers, electronic power equipment, and various battery accessories. The company’s products include reserve power products or stationary power batteries that are used primarily for backup power applications to provide continuous power supply in case of main/primary power failure or outage. Its reserve power batteries are also used for telecommunications systems, uninterruptible power systems, specialty power, and switchgear and electrical control systems applications, as well as commercial and military aircraft, submarines, and tactical military vehicles applications. The company’s products also comprise motive power products, which are used to provide power primarily for electric industrial forklift trucks. Its motive power products are also used in mining equipment and railroad equipment; and by material handling equipment dealers and original equipment manufacturers (OEMs), as well as by end users, such as manufacturers, distributors, warehouse operators, retailers, airports, mine operators, and railroads. In addition, the company provides related after-market and customer-support services for industrial batteries. It markets and sells its reserve power batteries principally under the PowerSafe, DataSafe, Hawker, Genesis, Odyssey, Varta, and Cyclon brands; and motive power batteries principally under the Hawker, EnerSys Ironclad, General Battery, Fiamm Motive Power, and Express brands. The company also sells its aerospace and defense products to various countries, including the governments of the United States, Germany, and the United Kingdom, as well as to defense and aviation OEMs. It serves custom...Click here to read the whole Article (external link)
EnerSys F2Q10 (Qtr End: 09/27/09) Earnings Call Transcript
EnerSys (ENS) F2Q10 Earnings Call October 30, 2009 9:00 am ET Executives John Craig – Chairman, President, and Chief Executive Officer Michael Philion – Executive Vice President and Chief Financial Officer Michael G. Hastings – Vice President and Treasurer Michael J. Schmidtlein – Vice President and Controller Analysts John Franzreb – Sidoti & Co. Michael Gallo – CL King & Associates Paul Clegg – Jefferies & Co. Dan Whang – B. Riley & Co. Walter Nasdeo – Ardour Capital William Bremer – Maxim Group Arthur Friedman – Friedman Asset Management Dana Walker – Kalmar Investments Elaine Kwei – Piper Jaffray Presentation Operator Great day, ladies and gentlemen, and welcome to the second quarter 2010 EnerSys earnings conference call. My name is [Catina] and I'll be your coordinator for today. (Operator Instructions) I would now like to turn the presentation over to your host for today's call, Mr. John Craig, chairman, president, and chief executive officer. John Craig During this call, we will discuss the results of our second quarter of fiscal 2010 and we will comment on the general state of our business. But first, our chief financial officer, Mike Philion, could not be with us today so joining me on the call this morning is Mike Schmidtlein, our vice president and controller, and Mike Hastings, our vice president and treasurer who also handles our investor relationship programs. Now before we continue, I will ask Mike Hastings to cover information regarding forward-looking statements. Michael...Click here to read the whole Article (external link)
ENERSYS Financials
PERIOD ENDING27-Sep-0928-Jun-0931-Mar-0928-Dec-08Total Revenue367,325 340,265 393,167 460,878 Cost of Revenue278,708 262,804 302,845 359,342 Gross Profit88,617 77,461 90,322 101,536 Operating ExpensesResearch Development - - - - Selling General and Administrative60,284 54,408 56,170 66,324 Non Recurring3,184 3,519 22,565 (3,708)Others - - - - Total Operating Expenses - - - - Operating Income or Loss25,149 19,534 11,587 38,920 Income from Continuing OperationsTotal Other Income/Expenses Net(824)(1,882)(879)13,038 Earnings Before Interest And Taxes24,325 17,652 10,708 51,958 Interest Expense5,622 5,378 5,088 5,606 Income Before Tax18,703 12,274 5,620 46,352 Income Tax Expense5,798 3,863 2,311 15,761 Minority Interest - - - - Net Income From Continuing Ops12,905 8,411 3,309 30,591 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - E...Click here to read the whole Article (external link)