EnerSys Misses EPS, Beats Revenues

released its Q1 results after market close on Wednesday. Earnings per share came in below Wall Street consensus expectations, however, company shares remained flat in Wednesday's after-hours session. EnerSys reported EPS of $1.02 and revenues of $600.6. Analyst consensus had an EPS estimate of $1.1 and revenues of $599.28. "We experienced first quarter records in gross profit, gross margin and as adjusted operating profit, operating margin and earnings per share. There was measurable contribution from all EnerSys teams around the world. We remain committed to a balanced strategy of short term productivity improvements in our existing businesses, as well as longer term investments, including additional acquisitions, to sustain growth in our return to shareholders," stated David Shaffer, CEO. "Our second quarter guidance for non-GAAP adjusted Net earnings per diluted share is $1.06 and $1.10, which excludes an expected charge of $0.04 from our ongoing restructuring programs and acquisition expenses," said Shaffer. At the time of writing, EnerSys traded at $64.5 in Wednesday's after-hours session.