Latest news with #EnerSys
Yahoo
2 days ago
- Business
- Yahoo
EnerSys Announces Participation in Wells Fargo Industrials & Materials Conference on June 11, 2025
READING, Pa., June 04, 2025--(BUSINESS WIRE)--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial applications, announced today that Executive Vice President and Chief Financial Officer, Andrea Funk, is scheduled to present on Wednesday, June 11th, at the 2025 Wells Fargo Industrials & Materials Conference, being held in Chicago, Illinois. The fireside chat will begin at 2:15 pm CT. A live audio webcast and archived replay will be available to the public via this link. The webcast and archived replay for this event will also be available on the Events and Presentations page of the Investor Relations section of the EnerSys website at About EnerSys EnerSys is a global leader in stored energy solutions for industrial applications and designs, manufactures, and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. The company goes to market through four lines of business: Energy Systems, Motive Power, Specialty and New Ventures. Energy Systems, which combine power conversion, power distribution, energy storage, and enclosures, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, portable power solutions for soldiers in the field, large over-the-road trucks, premium automotive, medical and security systems applications. New Ventures provides energy storage and management systems for various applications including demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. To learn more about EnerSys please visit View source version on Contacts Lisa HartmanVice President, Investor Relations and Corporate CommunicationsEnerSys610-236-4040E-mail: investorrelations@
Business Wire
2 days ago
- Business
- Business Wire
EnerSys Announces Participation in Wells Fargo Industrials & Materials Conference on June 11, 2025
READING, Pa.--(BUSINESS WIRE)-- EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial applications, announced today that Executive Vice President and Chief Financial Officer, Andrea Funk, is scheduled to present on Wednesday, June 11 th, at the 2025 Wells Fargo Industrials & Materials Conference, being held in Chicago, Illinois. The fireside chat will begin at 2:15 pm CT. A live audio webcast and archived replay will be available to the public via this link. The webcast and archived replay for this event will also be available on the Events and Presentations page of the Investor Relations section of the EnerSys website at About EnerSys EnerSys is a global leader in stored energy solutions for industrial applications and designs, manufactures, and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. The company goes to market through four lines of business: Energy Systems, Motive Power, Specialty and New Ventures. Energy Systems, which combine power conversion, power distribution, energy storage, and enclosures, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, portable power solutions for soldiers in the field, large over-the-road trucks, premium automotive, medical and security systems applications. New Ventures provides energy storage and management systems for various applications including demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. To learn more about EnerSys please visit
Yahoo
3 days ago
- Business
- Yahoo
Forklift Battery Market Size Expected to reach US$ 9.23 Billion by 2031, Experiences Growth Owing to Expansion of Warehousing and E-Commerce
The global forklift battery market is experiencing steady growth, driven by increasing demand for electric forklifts across industries such as manufacturing, warehousing, logistics, and e-commerce. Valued at approximately USD 5.94 billion in 2024, the market is expected to grow at a CAGR of 6.6% through 2031. Key players in the market include EnerSys, Exide Technologies, East Penn Manufacturing, Crown Equipment Corporation, Trojan Battery Company, BYD, LG Chem, CATL, Samsung SDI, and A123 Systems. US & Canada, June 03, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the global forklift battery market is observing significant growth owing to the shift toward electric forklift and rise in industrialization across the globe. The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the forklift battery market comprises a vast array of type, capacity, and application which are expected to register strength during the coming explore the valuable insights in the Forklift Battery Market report, you can easily download a sample PDF of the report – Overview of Report Findings Market Growth: The size was valued at US$ 5.94 billion in 2024 and is expected to reach US$ 9.23 billion by 2031; it is estimated to record a CAGR of 6.6% from 2025 to 2031. A forklift battery functions as a vital power source for forklifts and other industrial trucks, supplying the energy required for material handling tasks. These batteries are typically either lead-acid or lithium-ion (Li-ion), with Li-ion gaining preference due to advantages such as faster charging, longer service life, and lower environmental impact. The growing adoption of electric-powered forklifts—valued for their sustainability, lower maintenance, and cost-efficiency over internal combustion engine (ICE) models—has significantly increased the demand for forklift batteries. Expansion of Warehousing and E-Commerce: The e-commerce sector is experiencing robust growth, fueled by increasing internet and smartphone penetration, evolving consumer behavior, and technological innovation. Cross-border online shopping is also gaining traction as consumers look for unique products and competitive prices internationally. According to Eurostat, the share of companies in the EU adopting e-sales strategies rose from 17.21% in 2013 to 23.83% in 2023. To support this growth, many e-commerce companies are expanding their warehousing footprint across Europe. For instance, Amazon launched its first fulfillment center in the Netherlands in August 2023 to enable faster, localized order fulfillment. The boom in e-commerce has created a pressing need for clean, efficient material handling solutions, leading companies like Amazon and DHL to invest in fleets of battery-powered forklifts. Notably, in March 2022, DHL Supply Chain introduced autonomous forklifts at its multiuser warehouse in Bornem, Belgium, as part of its Accelerated Digitalization strategy. These robotic pallet movers enhance warehouse efficiency while reducing carbon emissions. As a result, the growing demand for automated and eco-friendly warehouse operations is significantly increasing the need for high-performance forklift batteries—particularly lithium-ion and lead-acid variants—to support continuous, round-the-clock logistics operations. Regional Overview: North America's forklift battery market is segmented into US, Canada, and Mexico. The North American forklift battery market, encompassing the US, Canada, and Mexico, is witnessing growth driven by increasing construction activity and rising commercial vehicle production. In the US, major automotive manufacturers such as Fiat Chrysler Automobiles, Ford, and General Motors are making substantial investments in commercial vehicle manufacturing. According to the American Automotive Policy Council (AAPC), the U.S. automotive sector contributed $2.64 trillion in value in 2021, accounting for 4.9% of the country's GDP and representing 6% of total manufacturing output. The demand for forklifts—and consequently forklift batteries—is further supported by significant investments in infrastructure. For example, in August 2021, the U.S. Ministry of Transportation and Infrastructure allocated $837 million for a highway expansion project between Alberta and British Columbia. Such projects, involving bridge construction and road expansion, require the use of construction vehicles like forklifts for efficient material handling. As a result, the ongoing development in infrastructure and commercial vehicle manufacturing is fueling the demand for high-performance forklift batteries across the region.. Geographical Insights: Asia Pacific dominated the forklift battery market in 2024. Europe is the second-largest contributor to the global forklift battery market, followed by North America. For Detailed Forklift Battery Market Insights, Visit: Market Segmentation Based on type, the market is segmented into lithium ion, lead acid, and others. The lead acid segment dominated the market in 2024. In terms of capacity, the market is segmented into 0-600 Ahr, 600-1200 Ahr, and above 1200 Ahr. The 0-600 Ahr segment held a larger share of the market in 2024. In terms of application, the forklift battery market is segmented into manufacturing, construction, warehouse & logistics, automotive, retail & wholesale stores, and others. The manufacturing segment dominated the market in 2024. Stay Updated on The Latest Forklift Battery Market Trends: Competitive Strategy and Development Key Players: Major companies operating in the forklift battery market include Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Crown Equipment Corp, Exide Industries Ltd, EnerSys, East Penn Manufacturing Company, Contemporary Amperex Technology Co Ltd, TotalEnergies SE, Amara Raja Energy & Mobility Ltd, GS Yuasa Corp, leoch International Technology Limited Inc, TAB d.d., and BSL NEW ENERGY THCHENOLOGY CO., LTD. Trending Topics: Forklifts, lithium ion battery, pallet truck, and electric forklift trucks, among others Global Headlines "Exide Industries Ltd has invested an amount of INR 149.99 crore in Exide Energy Solutions through a rights issue. This capital infusion will support the establishment of Exide Energy Solutions' new lithium battery manufacturing facility in Bengaluru, addressing its diverse funding needs.' 'Amara Raja Advanced Cell Technologies Pvt. Ltd (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility Ltd (ARE&M), one of India's leading battery manufacturers, has signed a technical licensing agreement with GIB EnergyX Slovakia s.r.o., a subsidiary of Gotion High-Tech Co Ltd. As part of the agreement, GIB EnergyX will license Gotion's world-class LFP technology for lithium-ion cells to ARACT." Purchase Premium Copy of Global Forklift Battery Market Size and Growth Report (2021-2031) at: Conclusion The rapid expansion of warehousing, driven by the growth of e-commerce and consumer goods sectors across multiple countries, is significantly boosting the demand for forklifts used in material handling operations. Electric forklifts, in particular, are well-suited for indoor environments such as warehouses and factories due to their clean, quiet, and efficient performance. The rise of e-commerce is fueled by greater access to high-speed internet, increased smartphone penetration, and the convenience of diverse payment options through various digital platforms. As a result, the global forklift battery market is experiencing growth, supported by the increasing pace of industrialization and a widespread shift toward electric-powered forklifts. However, market expansion is somewhat restrained by safety and operational challenges. Despite these hurdles, innovations in fast-charging technology and smart battery management systems are opening new avenues for manufacturers. Additionally, the growing adoption of Battery-as-a-Service (BaaS) models is emerging as a key trend, offering scalable and cost-effective solutions for end-users, and is expected to play a crucial role in shaping the market's future. The report from The Insight Partners, therefore, provides several stakeholders—including raw material/component providers, forklift battery manufacturers, forklift manufacturers, after-sales/service providers, and end users —with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. Talk to Us Directly: Trending Related Reports: About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit Mathur E-mail: Phone: +1-646-491-9876 Press Release -
Yahoo
23-05-2025
- Business
- Yahoo
Roth Capital says buy the dip in EnerSys shares following Q4 earnings
Roth Capital analyst Chip Moore said the firm would be buyers of EnerSys (ENS) following weakness in the shares after Q4 results. The company is well-positioned as a critical enabler of energy transition and uniquely suited to meet complex and evolving power challenges, Roth told investors in a research note. The firm expects innovation around secular trends of electrification, automation, and digitization to drive growth, with mix-shift, scale, and operational improvements supporting ramping profitability. Roth reiterated a Buy rating and $120 price target on EnerSys stock. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on ENS: Disclaimer & DisclosureReport an Issue EnerSys falls -16.0% EnerSys falls -16.5% EnerSys falls -15.2% Morning Movers: Advance Auto races higher after first quarter earnings beat Closing Bell Movers: Snowflake jumps 7% on earnings Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
EnerSys (ENS) Q4 2025 Earnings Call Highlights: Record EPS and Revenue Growth Amid Tariff Challenges
Revenue: Fourth-quarter net sales of $975 million, up 7% from prior year. Full-Year Revenue: $3.6 billion, up 1% year over year. Adjusted Gross Margin: Q4 '25 adjusted gross margin of 31.2%, up 320 basis points versus prior year. Adjusted Operating Earnings: $152 million in Q4, up $43 million versus prior year. Adjusted EBITDA: $167 million in Q4, up $42 million versus prior year. Adjusted EPS: Q4 adjusted EPS of $2.97 per share, up 43% over prior year. Free Cash Flow: $105 million in Q4. Energy Systems Revenue: Increased 8% from prior year to $399 million in Q4. Motive Power Revenue: $392 million in Q4, flat compared to prior year. Specialty Revenue: Increased 21% from prior year to $178 million in Q4. Net Debt: $781 million as of March 31, 2025. Credit Agreement Leverage Ratio: 1.3 times EBITDA. Q1 Fiscal 2026 Guidance: Expected net sales of $830 million to $870 million with adjusted diluted EPS of $2.03 to $2.13 per share. Warning! GuruFocus has detected 3 Warning Sign with OLNCF. Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. EnerSys (NYSE:ENS) delivered a strong fourth quarter with a 7% revenue growth, marking the second highest revenue quarter in the company's history. The company achieved record adjusted diluted EPS of $1.86, excluding 45X benefits, showcasing strong earnings power. Motive Power margins reached record levels, with maintenance-free products accounting for a record 29% of segment sales. EnerSys (NYSE:ENS) saw significant growth in Energy Systems, particularly in data centers and a moderate recovery in communications. The Bren-Tronics acquisition contributed positively to the company's performance, particularly in the Aerospace and Defense markets. EnerSys (NYSE:ENS) faces near-term friction due to tariff-related disruptions, with a direct tariff exposure of approximately $92 million. The company anticipates some short-term headwinds from stranded tariffs and shifting customer order patterns. Motive Power orders were pressured in Q4, with a 14% decline in Motive Power Americas orders year-on-year. The company has temporarily paused full-year guidance due to uncertainty around reciprocal tariffs and macroeconomic dynamics. EnerSys (NYSE:ENS) is experiencing slower recovery in Class 8 truck OEM volumes, with ongoing macro uncertainty affecting transportation markets. Q: Can you explain the EPS growth in the Q1 guidance despite flat revenues? A: Shawn O'Connell, President and COO, explained that the EPS growth is driven by favorable price/mix and the accretive benefit from the Bren-Tronics acquisition. Andrea Funk, CFO, added that despite lower volumes in Motive Power, the EPS is expected to be flat year-over-year due to these factors, offsetting pressures from FX and stranded tariff costs. Q: Why is EnerSys pausing full-year guidance despite order recovery? A: Andrea Funk, CFO, stated that the pause in guidance is due to the uncertainty surrounding reciprocal tariff negotiations. David Shaffer, CEO, added that they want to ensure clarity on these tariffs before providing full-year guidance, as they could have both positive and negative impacts. Q: What is the status of the Section 45X tax refund, and are there any delays? A: Andrea Funk, CFO, mentioned that other companies have received their refunds, and EnerSys is experiencing a delay due to IRS staffing issues. They expect to receive the refund soon, with interest accruing in the meantime. Q: What are EnerSys' plans for inorganic growth given the current economic environment? A: Shawn O'Connell, President and COO, stated that EnerSys is well-positioned with a strong balance sheet to pursue acquisitions. They see opportunities in Aerospace and Defense and are looking for targets that fit their ROIC model, despite current market uncertainties. Q: Can you provide more details on the Energy Systems segment and potential network expansions? A: Shawn O'Connell, President and COO, noted that there is a recovery in network expansions, driven by the need to address technical debt and AI traffic processing. Investments are being made in upgrading macro sites and central offices, although it's not yet at the scale of past major build-outs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
