NYSE$ENS

EnerSys · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

EnerSys reported an increase in net sales and adjusted net earnings per diluted share for Q4 2021, driven by organic volume growth and foreign currency translation, while maintaining its guidance for the first fiscal quarter.

EnerSys reported Q4 2021 results with net sales of $813.5 million, a 4% increase from the prior year, and adjusted Net earnings per diluted share of $1.30, meeting the company's guidance. The increase in sales was driven by organic volume and foreign currency translation, offset by a decrease in pricing. The company is maintaining its guidance of $1.15 to $1.25 per as-adjusted diluted share for the first fiscal quarter.

  • Net sales increased by 4% year-over-year to $813.5 million, driven by organic volume and foreign currency translation.
  • Adjusted Net earnings per diluted share for Q4 2021 were $1.30, meeting the company's guidance.
  • The company's new reportable segments are Energy Systems, Motive Power, and Specialty.
  • EnerSys is maintaining its guidance of $1.15 to $1.25 per as-adjusted diluted share for the first fiscal quarter.

Headline financials

Total Revenue

$814M

Previous: $782M+4.1%
EPS (adj)

$1.30

Previous: $1.11+17.1%
Capital Expenditures

$16.3M

Previous: $40.5M-59.8%
Free Cash Flow

$70M

Previous: $37.1M+88.8%
Net Income

$33.8M

Previous: -$1.5M+2353.3%
Operating Income

$51.7M

Previous: $20.1M+157.2%
Gross Profit

$197M

Previous: $201M-1.7%
Cash & Equivalents

$452M

Previous: $327M+38.2%
Total Assets

$3.46B

Previous: $3.3B+4.9%
Stock-Based Comp

$2.84M

Previous: $6.02M-52.9%

Revenue & EPS history

EnerSys · Revenue · Quarterly

$814M

Q4 2021+4.1%vs Q4 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

EnerSys · $814M total across 3 segments · Q4 2021

  • Energy Systems
    $349M
  • Motive Power
    $333M
  • Specialty
    $132M

Forward guidance

EnerSys anticipates strong demand for its products, but this will be tempered by supply chain challenges, which are expected to persist through the first fiscal half of the year. Price increases are expected to offset the effects of these challenges as the year progresses. The company maintains its guidance of $1.15 to $1.25 per as-adjusted diluted share for the first fiscal quarter.

Tailwinds

  • Strong demand for products
  • Price increases expected to offset supply chain challenges
  • Maintaining guidance of $1.15 to $1.25 per as-adjusted diluted share for the first fiscal quarter
  • Motive Power and Specialty accelerating
  • Hagen restructuring ahead of schedule and budget

Headwinds

  • Supply chain challenges expected to persist through the first fiscal half of the year
  • Pandemic
  • Decrease in pricing
  • Restructuring charges
  • Operating expenses

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 Q4 2021

Historical avgQ4 2021

+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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