EnerSys reported second quarter fiscal 2027 net sales of $949.9 million, missing its guidance range of $955 million to $995 million primarily due to foreign currency headwinds. However, adjusted diluted EPS of $3.22 beat the midpoint of its $3.15 to $3.25 guidance range, supported by strong performance in defense and data center markets.
Key Highlights
- Precision Power Solutions sales grew over 20% year-over-year to $103.8 million, driven by soldier power and munitions demand.
- Gross margin expanded 80 basis points to 29.9%, including $44.4 million in IRC 45X Advanced Manufacturing Production Credits.
- Network and Infrastructure Solutions (NIS) achieved 3% growth, led by double-digit expansion in data center revenue.
- The company returned $140.3 million to stockholders during the quarter, including $130 million in share repurchases.
- Announced a definitive agreement to acquire Ultralife to expand its defense battery technology platform.