• EN

    • -+ 0.00%
    -+ 0.00%
    -+ 0.00%

    ENERSYS FORM 10-K (Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934)

    Press release·05/22/2025 07:11:25
    Listen to the news
    ENERSYS FORM 10-K (Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934)

    ENERSYS FORM 10-K (Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934)

    Enersys, a Delaware-based company, filed its annual report for the fiscal year ended March 31, 2025. The company reported total revenues of $4.04 billion, with net income of $244.8 million. Enersys’ cash and cash equivalents stood at $1.13 billion, while its total assets were valued at $4.45 billion. The company’s common stock outstanding as of May 16, 2025, was 39,196,215 shares. Enersys is a well-known seasoned issuer and has filed all reports required by the Securities Exchange Act of 1934 during the preceding 12 months. The company’s financial statements reflect the correction of an error to previously issued financial statements, but no restatements were required.

    Overview

    EnerSys (the “Company,” “we,” or “us”) is a world leader in stored energy solutions for industrial applications. The Company designs, manufactures, and distributes energy systems solutions, motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide.

    The Company’s chief operating decision maker, or CODM (the Company’s Chief Executive Officer), reviews financial information for purposes of assessing business performance and allocating resources, by focusing on the following four operating segments:

    • Energy Systems - uninterruptible power systems, telecommunications systems, switchgear and electrical control systems, large-scale energy storage and energy pipelines, as well as thermally managed cabinets and enclosures.

    • Motive Power - power for electric industrial forklifts, AGVs and other material handling equipment.

    • Specialty - premium starting, lighting and ignition applications in transportation, energy solutions for aerospace and defense, medical devices and equipment, and portable power solutions.

    • New Ventures - energy storage and management systems for demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles.

    The Company evaluates business segment performance based primarily upon operating earnings exclusive of highlighted items, which are not indicative of ongoing operating results. The Company’s financial results are largely driven by global economic conditions, changes in selling prices, capacity utilization, cost control, and acquisitions.

    Current Market Conditions

    The global economic climate is mixed, with impacts from uncertainty surrounding U.S. tariffs, elevated interest rates, and geopolitical tensions. The supply chain has been stabilizing, but some challenges and elevated costs remain. Commodity prices, particularly for lead, have fluctuated, and the Company has increased selling prices to offset cost increases.

    Liquidity and Capital Resources

    The Company has substantial liquidity, with $343 million of available cash and cash equivalents and $653 million available under its credit facilities as of March 31, 2025. The Company has a strong capital structure and believes it has sufficient sources of domestic and foreign liquidity to fund future capital expenditures, acquisitions, and stock repurchases.

    Critical Accounting Policies and Estimates

    The Company’s critical accounting estimates include revenue recognition, asset impairment determinations, business combinations, litigation and claims, environmental loss contingencies, retirement plans, and income taxes. The Company also evaluates the benefits available under the Inflation Reduction Act, which are expected to favorably impact results in future periods.