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Enersys (ENS) SEC Filing 10-Q Quarterly Report for the period ending Sunday, July 4, 2021

Enersys

CIK: 1289308 Ticker: ENS

Exhibit 99.1 PRESS RELEASE, DATED AUGUST 11, 2021, OF ENERSYS REGARDING FINANCIAL
RESULTS FOR THE FIRST QUARTER FISCAL 2022
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EnerSys Reports First Quarter Fiscal 2022 Results 

Reading, PA, USA, August 11, 2021 – EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today results for its first quarter of fiscal 2022, which ended on July 4, 2021.

 First Quarter FY 22 Highlights
Net sales of $815M up 16% vs. Q1'21
Q1’22 backlog growth of $157M
GP 24% includes recent inflation pressure
Supply chain slowed Q1 shipments and earnings
Credit Facility amended and extended to 2026
Bank debt leverage at 1.95X
TPPL capacity of $300M per quarter on track
Solid progress on new product initiatives


Key Results from Operations by Segments ($ in millions)
Q1 FY22Q1 FY21% Change
Energy Systems
Net Sales$371.2 $353.4 5.0 %
Operating Earnings 7.122.0(67.8)
Adjusted Operating Earnings *13.128.1(53.6)
Motive Power
Net Sales336.1262.827.9 
Operating Earnings50.627.385.6 
Adjusted Operating Earnings *50.627.385.6 
Specialty
Net Sales107.688.721.3 
Operating Earnings11.05.3109.5 
Adjusted Operating Earnings *11.45.898.7 

* This is a non-GAAP financial measure. See “Reconciliation of Non-GAAP Financial Measures” for more information.
Message from the CEO
We delivered a solid Q1, with extremely strong demand for our products and services throughout each of our business segments. Revenue was up 16% vs last year, but perhaps more importantly, up more than 4% from two years ago, with quarterly backlog growth of $157M. Like many industrial companies, we are facing supply chain challenges that are restraining revenue and earnings growth, especially in our first half of F22. While we are being cautious due to the fluidity of lingering COVID impacts, we remain optimistic that consistently robust orders, a strong backlog, recent pricing actions and a steadily improving supply chain will sequentially benefit our second half. We expect our adjusted diluted earnings per share to be between $1.03 and $1.13 in our second fiscal quarter with sequential impacts from the acceleration of investment in our new EV fast charging program along with our global annual wage increases moving from April 1 to July 1.

David M. Shaffer, President and Chief Executive Officer, EnerSys



The following information was filed by Enersys (ENS) on Wednesday, August 11, 2021 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

Cover Page
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
Basis Of Presentation
Basis Of Presentation (Policies)
Business Segments
Business Segments - (Details)
Business Segments Business Segments (Tables)
Commitments, Contingencies And Litigation
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 - (Additional Information) (Details)
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)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - (Goodwill) (Details)
Goodwill And Other Intangible Assets - Narrative (Details)
Goodwill And Other Intangible Assets - Schedule Of Intangible Assets (Details)
Income Taxes
Income Taxes - (Additional Information) (Details)
Inventories
Inventories (Tables)
Inventories - (Details)
Leases
Leases (Tables)
Leases - (Additional Information Related To Leases) (Details)
Leases - (Additional Information) (Details)
Leases - (Balance Sheet Classification) (Details)
Leases - (Finance And Operating Lease Maturity Schedules) (Details)
Leases - (Lease Cost) (Details)
Leases - (Supplemental Cash Flow Information) (Details)
Restructuring Plans
Restructuring Plans (Tables)
Restructuring Plans - (Additional Information) (Details)
Restructuring Plans - (Roll-Forward Of Restructuring Reserve) (Details)
Retirement Plans
Retirement Plans (Tables)
Retirement Plans - (Net Periodic Benefit Cost) (Details)
Revenue Recognition
Revenue Recognition - (Additional Information) (Details)
Revenue Recognition - (Remaining Performance Obligation) (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 - (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 - (Other Disclosures) (Details)
Stockholders' Equity And Noncontrolling Interests - (Reclassifications From Aoci) (Details)
Stockholders' Equity And Noncontrolling Interests - (Treasury Stock) (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: 0001289308-21-000043
Submitted to the SEC: Wed Aug 11 2021 4:15:20 PM EST
Accepted by the SEC: Wed Aug 11 2021
Period: Sunday, July 4, 2021
Industry: Wholesale Electrical Apparatus And Equipment Wiring Supplies

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