EnerSys Q2 Profit Rises, Beats View - Quick Facts

(RTTNews) - EnerSys (ENS) reported second-quarter net earnings attributable to shareholders of $56.3 million or $1.16 per share, up from $41.4 million or $0.84 per share in the same period last year.

Adjusted earnings for the quarter were $1.06 per share, compared to $0.87 per share in the previous-year quarter. On average, six analysts polled by Thomson Reuters expected the company to earn $1.01 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter grew 11 percent to $629.9 million from $568.8 million in the same period last year, primarily from organic growth and recent acquisitions. Analysts expected revenues of $630.80 million.

Looking ahead to the third quarter, EnerSys forecast adjusted earnings in a range of $1.04 to $1.08 per share, excluding an expected net charge of $0.10 per diluted share from our ongoing restructuring programs, acquisition expenses and other items.

Analysts currently expect the company to report earnings of $1.15 per share for the quarter.