- EnerSys press release ( NYSE: ENS ): Q3 Non-GAAP EPS of $1.27 beats by $0.04 .
- Revenue of $920.2M (+9.0% Y/Y) misses by $6.16M .
- Fourth Quarter 2023 Outlook
- We expect to continue to operate in a dynamic macro environment and anticipate FX and interest rate headwinds, an easing but still unpredictable supply chain, and European utility inflation to persist for some time. While demand for our products remains robust, we believe we will weather and potentially benefit from a slowdown due to large portions of our business that are cycle-independent as well as our significant cash flow generation during past recessionary periods. For the fourth quarter of fiscal 2023, we expect adjusted diluted earnings per share in the range of $1.33 to $1.43 vs $1.32 consensus, reflecting sequential volume and price/mix improvement, strong demand trends and a healthy backlog. We expect our gross margin to be in the range of 22% - 24%. For the full year of fiscal 2023 we expect capital expenditures to be approximately $90 million.
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EnerSys Non-GAAP EPS of $1.27 beats by $0.04, revenue of $920.2M misses by $6.16M