Enersys (ENS) Q1 Earnings Surpass Estimates, Sales Miss

Enersys (ENS) reported first-quarter fiscal 2025 (ended Jun 30, 2024) adjusted earnings of $1.98 per share, which surpassed the Zacks Consensus Estimate of$1.97. The bottom line increased 5% year over year due to lower operating expenses. Enersys' net sales of $852.9 million missed the consensus estimate of$878 million. The top line declined 6% year over year due to temporary spending pauses in telecom and broadband. While organic sales decreased 3%, price/mix and foreign currency translation had adverse ...