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Enersys (ENS) SEC Filing 10-Q Quarterly report for the period ending Sunday, October 1, 2017

Enersys

CIK: 1289308 Ticker: ENS

Exhibit 99.1 PRESS RELEASE, DATED NOVEMBER 8, 2017, OF ENERSYS REGARDING FINANCIAL
RESULTS FOR THE SECOND QUARTER FISCAL 2018

EnerSys Reports Second Quarter Fiscal 2018 Results 
Reading, PA, USA, November 8, 2017 – EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today results for its second quarter of fiscal 2018, which ended on October 1, 2017.

Net earnings attributable to EnerSys stockholders (“Net earnings”) for the second quarter of fiscal 2018 were $43.2 million, or $1.00 per diluted share, which included an unfavorable highlighted net of tax impact of $2.1 million or $0.05 per share from cash and non-cash charges from highlighted items described in further detail in the tables shown below, reconciling non-GAAP adjusted financial measures to reported amounts.

Net earnings for the second quarter of fiscal 2017 were $45.6 million, or $1.04 per diluted share, which included an unfavorable highlighted net of tax impact of $4.8 million or $0.11 per share from cash and non-cash charges and credits from highlighted items.

Excluding these highlighted items, adjusted Net earnings per diluted share for the second quarter of fiscal 2018, on a non-GAAP basis, were $1.05, which met the guidance of $1.03 to $1.07 per diluted share given by the Company on August 9, 2017. These earnings compare to the prior year second quarter adjusted Net earnings of $1.15 per diluted share. Please refer to the section included herein under the heading “Reconciliation of Non-GAAP Financial Measures” for a discussion of the Company’s use of non-GAAP adjusted financial information which include tables reconciling GAAP and non-GAAP adjusted financial measures for the quarters and six months ended October 1, 2017 and October 2, 2016.

Net sales for the second quarter of fiscal 2018 were $617.3 million, an increase of 7% from the prior year second quarter net sales of $576.0 million and a 1% sequential quarterly decrease from the first quarter of fiscal 2018 net sales of $622.6 million. The increase in the current quarter compared to the prior year quarter was the result of a 4% increase in pricing, a 2% increase due to foreign currency translation impact and a 1% increase in organic volume. The 1% sequential quarterly decrease was due to a 3% decrease in organic volume, partially offset by a 2% increase due to foreign currency translation impact.





The following information was filed by Enersys (ENS) on Wednesday, November 8, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Enersys's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Condensed Balance Sheets
Consolidated Condensed Balance Sheets (parenthetical)
Consolidated Condensed Statements Of Cash Flows
Consolidated Condensed Statements Of Comprehensive Income
Consolidated Condensed Statements Of Income
- (additional Information) (details)
- Derivative Financial Instruments (additional Information) (details)
Basis Of Presentation
Basis Of Presentation Basis Of Presentation (details)
Business Segments
Business Segments - (details)
Business Segments Business Segments (tables)
Commitments, Contingencies And Litigation
Commitments, Contingencies And Litigation - (additional Information) (details)
Debt
Debt (tables)
Debt - (additional Information) (details)
Debt - Long-term Debt Including Capital Lease Obligations (details)
Derivative Financial Instruments
Derivative Financial Instruments (tables)
Derivative Financial Instruments - Derivatives Designated As Cash Flow Hedges (details)
Derivative Financial Instruments - Derivatives Not Designated As Hedging Instruments (details)
Derivative Financial Instruments - Location And Amounts Of Derivative Fair Values (details)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Reconciliation From Basic To Diluted Average Common Shares (details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (tables)
Fair Value Of Financial Instruments - (additional Information) (details)
Fair Value Of Financial Instruments - Carrying Amounts And Estimated Fair Values (details)
Fair Value Of Financial Instruments - Financial Assets And (liabilities) (details)
Income Taxes
Inventories
Inventories (tables)
Inventories - (details)
Restructuring
Restructuring (tables)
Restructuring - (additional Information) (details)
Restructuring - Roll-forward Of Restructuring Reserve (details)
Retirement Plans
Retirement Plans (tables)
Retirement Plans -net Periodic Benefit Cost (details)
Stock-based Compensation
Stock-based Compensation - Additional Information (details)
Stockholders' Equity And Noncontrolling Interests
Stockholders' Equity And Noncontrolling Interests (tables)
Stockholders' Equity And Noncontrolling Interests - Additional Information (details)
Stockholders' Equity And Noncontrolling Interests - Change In The Number Of Shares Of Common Stock Outstanding (details)
Stockholders' Equity And Noncontrolling Interests - Components Of Accumulated Other Comprehensive Income (details)
Stockholders' Equity And Noncontrolling Interests - Noncontrolling Interests (details)
Stockholders' Equity And Noncontrolling Interests - Reclassifications From Aoci (details)
Subsequent Events
Subsequent Events - (details)
Warranty
Warranty (tables)
Warranty - Analysis Of Changes In The Liability (details)

Material Contracts, Statements, Certifications & more

Enersys provided additional information to their SEC Filing as exhibits

Ticker: ENS
CIK: 1289308
Form Type: 10-Q Quarterly Report
Accession Number: 0001289308-17-000052
Submitted to the SEC: Wed Nov 08 2017 4:17:23 PM EST
Accepted by the SEC: Wed Nov 08 2017
Period: Sunday, October 1, 2017
Industry: Wholesale Electrical Apparatus And Equipment Wiring Supplies

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