ENERSYS Reports Record Revenue and Net Income for FY2024 Q2

🌥️Earnings Overview

For the FY2024 Q2, ending September 30 2023, ENERSYS ($NYSE:ENS) reported total revenue of USD 901.0 million and net income of USD 65.2 million – a remarkable increase from the figures in the same quarter from the previous year which were USD 0.9 million and USD 0.0 million, respectively.

Share Price

The company’s stock opened at $87.6 and closed at $87.3, down by 0.3% from the last closing price of 87.5. The company attributed its success to strong demand for its products and services in key markets and increased demand from its core customers. Additionally, the company is investing heavily in research and development, which is set to further boost its growth prospects in the coming quarters. Overall, ENERSYS’s performance in the second quarter of fiscal 2024 was strong, and investors are expecting more growth in the coming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Enersys. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Enersys. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Enersys. More…

Key Ratios Snapshot

Some of the financial key ratios for Enersys are shown below. More…

Analysis

GoodWhale has conducted an analysis of ENERSYS‘s fundamentals, and the results are quite impressive. According to our Star Chart, ENERSYS has a high health score of 8/10 with regard to its cashflows and debt. This score indicates that the company is capable to sustain future operations in times of crisis. Based on this analysis, we have classified ENERSYS as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given its strong performance in terms of cashflows and debt, investors looking for high-growth companies with a potential upside with a lower risk profile might be interested in investing in ENERSYS. Furthermore, the analysis also revealed that ENERSYS is strong in asset, dividend, growth, and profitability, making it an attractive option for investors who want to diversify their portfolio and earn returns through well-constructed investments. More…

Peers

The company competes with ESS Tech Inc, Shandong Sacred Sun Power Sources Co Ltd, Eos Energy Enterprises Inc, among others. EnerSys has a diversified product portfolio and a strong market position. The company’s products are used in a variety of applications including material handling, oil and gas, power generation, transportation, and other industrial applications.

– ESS Tech Inc ($NYSE:GWH)

Founder and CEO of the company is Jean-luc Roy. The company provides software for the management and analysis of data. The company went public in May of 2017. The company’s market cap as of December of 2020 was $525.68 million. The company’s ROE as of December of 2020 was -188.29%.

– Shandong Sacred Sun Power Sources Co Ltd ($SZSE:002580)

Shandong Sacred Sun Power Sources Co Ltd is a leading manufacturer of solar panels and related products. The company has a market cap of 4.97B as of 2022 and a return on equity of 4.18%. The company’s products are used in a variety of applications, including solar power plants, residential and commercial rooftops, and portable solar power systems.

– Eos Energy Enterprises Inc ($NASDAQ:EOSE)

Eos Energy Enterprises Inc is a publicly traded company with a market capitalization of 86.7 million as of 2022. The company has a return on equity of 163.71%. Eos Energy Enterprises Inc is engaged in the business of developing and commercializing energy storage solutions based on zinc-air batteries.

Summary

ENERSYS is an attractive investment opportunity for investors. The company saw strong growth in total revenue and net income for FY2024 Q2, ending September 30 2023, with revenue increasing by 901.0 million and net income by 65.2 million compared to the same quarter of the previous year. This demonstrates that the company is well-positioned to continue to generate high returns for its shareholders. It is also worth noting that the company has a robust balance sheet and a strong presence in the battery industry, which makes it an attractive long-term investment opportunity.