Enersys (ENS) Q3 Earnings Beat Estimates, Revenues Miss

Enersys (ENS) reported third-quarter fiscal 2024 (ended Dec 31, 2023) adjusted earnings of $2.56 per share, which surpassed the Zacks Consensus Estimate of$2.55. The bottom line surged 102% year over year due to lower sales costs.Enersys’ total revenues of $861.5 million missed the consensus estimate of$897 million. The top line declined 6.4% year over year due to a 7% decrease in organic sales, which was partially offset by a 1% increase in pricing.Segmental DiscussionThe Energy Systems segment’s sales ( ...