EnerSys Q4 Profit Declines; Issues Q1 Adj. EPS Outlook - Quick Facts

(RTTNews) - EnerSys (ENS) Wednesday reported fourth-quarter net earnings attributable to EnerSys shareholders of $12.8 million or $0.26 per share, compared to $37.7 million or $0.77 per share in the same period last year.

Adjusted earnings for the quarter were $59.5 million or $1.18 per share, up from $39.0 million or $0.80 per share in the previous year quarter. On average, four analysts polled by Thomson Reuters expected the company to earn $1.05 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased 16 percent to $665.2 million from $572.2 million last year. Analysts expected sales of $653.25 million.

The 16% increase was the result of a 9% increase in organic volume, a 6% increase from acquisitions and a 1% increase due to pricing.

Looking ahead to the first quarter, the company has forecast adjusted earnings in the range of $1.02 to $1.06 per share. Analysts currently expect first-quarter earnings of $0.98 per share.