Enersys Provides Update on IRC 45X Tax Benefits, Raises Q3 Guidance

Enersys (ENS) , on Dec. 17, updated its previously provided third-quarter fiscal 2025 outlook, considering the impact of incremental benefits related to the Advanced Manufacturing Production Credit - Section 45X of the Internal Revenue Code. The company expects that the U.S. Treasury Department’s final regulations for certain direct material input costs will result in higher benefits associated with the tax credits.The company currently anticipates annual tax credits, which are noted as a decrease in the co ...