NYSE$ENS

EnerSys · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

EnerSys reported a solid Q1 with strong demand across all business segments and revenue up 16% year-over-year, but faced supply chain challenges impacting revenue and earnings growth.

EnerSys reported a solid first quarter with net sales of $814.9 million, a 15.6% increase from the prior year. The company's adjusted diluted earnings per share were $1.25, meeting the guidance. However, supply chain challenges restrained revenue and earnings growth.

  • Net sales of $815M, up 16% vs. Q1'21
  • Q1’22 backlog growth of $157M
  • Gross Profit of 24% includes recent inflation pressure
  • Supply chain slowed Q1 shipments and earnings

Headline financials

Total Revenue

$815M

Previous: $705M+15.6%
EPS (adj)

$1.25

Previous: $0.92+35.9%
Capital Expenditures

-$16.4M

Previous: -$26.3M+37.6%
Free Cash Flow

$27.5M

Previous: $22.3M+23.3%
Net Income

$43.9M

Previous: $48.6M-9.7%
Operating Income

$60.9M

Previous: $53.2M+14.4%
Gross Profit

$193M

Previous: $175M+10.4%
Cash & Equivalents

$406M

Previous: $384M+5.7%
Total Assets

$3.47B

Previous: $3.28B+5.7%
Stock-Based Comp

$3.66M

Previous: $5.05M-27.6%

Revenue & EPS history

EnerSys · Revenue · Quarterly

$815M

Q1 2022+15.6%vs Q1 2021
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

EnerSys · $815M total across 3 segments · Q1 2022

  • Energy Systems
    $371M+5.0%
  • Motive Power
    $336M+27.9%
  • Specialty
    $108M+21.3%

Forward guidance

The company expects adjusted diluted earnings per share to be between $1.03 and $1.13 in the second fiscal quarter.

Tailwinds

  • Consistently robust orders
  • Strong backlog
  • Recent pricing actions
  • Steadily improving supply chain

Headwinds

  • Fluidity of lingering COVID impacts
  • Acceleration of investment in new EV fast charging program
  • Global annual wage increases moving from April 1 to July 1

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.1%

Avg return

Earnings day

+1.1%

Avg return

5 days after

-0.6%

Avg return

30 days after

51%

35 / 69 earnings

Positive

+14.2%

Q2 2023

Best reaction

-14.8%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+11.4%+13.7%+6.5%
Q3 2026-13.9%-6.1%-16.2%
Q2 2026+1.4%+9.2%+16.4%
Q1 2026+3.5%+8.2%+14.0%
Q4 2025-14.8%-11.9%-12.9%
Q3 2025+2.8%+7.4%+7.9%
Q2 2025-3.4%+1.0%-4.4%
Q1 2025-2.0%-0.8%+0.5%
Q4 2024+11.4%+10.6%+9.6%
Q3 2024-6.6%-7.1%-3.6%
Q2 2024-3.8%-1.7%+5.6%
Q1 2024-12.3%-7.3%-5.8%
Q4 2023+12.2%+14.8%+19.4%
Q3 2023+4.5%+6.6%-4.0%
Q2 2023+14.2%+15.9%+12.5%
Q1 2023+1.4%+6.0%-4.0%
Q4 2022+9.9%+11.7%-3.9%
Q3 2022-0.4%-3.7%-0.4%
Q2 2022-3.6%-2.9%-10.1%
Q1 2022-4.4%-6.8%-18.9%
Q4 2021+4.0%+3.2%+7.0%
Q3 2021-1.5%-2.0%+7.2%
Q2 2021-5.5%+0.4%+2.5%
Q1 2021+3.9%+1.6%-9.5%
Q4 2020+1.3%+15.3%-1.4%
Q3 2020-7.3%-7.1%-21.6%
Q2 2020-3.2%-4.0%-0.5%
Q1 2020-10.5%-11.0%-9.3%
Q4 2019-2.6%-3.9%+14.1%
Q3 2019-10.8%-20.4%-22.4%
Q2 2019+4.7%+0.6%-6.5%
Q1 2019-5.2%-7.2%+2.2%
Q4 2018+1.1%+1.1%-5.6%
Q3 2018+6.9%+6.6%+11.4%
Q2 2018+2.3%-1.7%-0.6%
Q1 2018-11.2%-11.7%-10.8%
Q4 2017-11.5%-7.5%-13.5%
Q3 2017-0.3%+0.4%-2.8%
Q2 2017+10.1%+18.2%+25.0%
Q1 2017+7.5%+8.1%+4.7%
Q4 2016+7.0%+8.3%-0.2%
Q3 2016-0.3%
Q2 2016+3.2%
Q1 2016-9.3%
Q4 2015+1.5%
Q3 2015-2.6%
Q2 2015-1.5%
Q1 2015-9.3%
Q4 2014+2.5%
Q3 2014+9.1%
Q2 2014-0.5%
Q1 2014+0.1%
Q4 2013+2.5%
Q3 2013-0.9%
Q2 2013-0.6%
Q1 2013+7.0%
Q4 2009+2.8%
Q4 2012+2.8%
Q3 2012+6.7%
Q2 2012+11.2%
Q1 2012-0.2%
Q4 2011-4.0%
Q3 2011+3.7%
Q3 2010+3.7%
Q2 2011+7.8%
Q2 2010+7.8%
Q1 2011-8.4%
Q1 2010-8.4%
Q4 2010-8.4%

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