EnerSys, a global leader in stored energy solutions, reported a modest increase in revenue for the fiscal year ending March 31, 2025, with net sales reaching $3.618 billion, up 1.0% from $3.582 billion in the previous fiscal year. The company's profitability also improved, with net earnings attributable to stockholders rising to $363.7 million, a 35.2% increase from $269.1 million in fiscal 2024. This growth was attributed to a combination of factors, including a favorable product mix and the benefits from the Inflation Reduction Act's production tax credits, which reduced costs of goods sold by $184.6 million.
In terms of operational performance, EnerSys experienced a decline in sales within its Energy Systems segment, which fell by 3.7% to $1.531 billion, primarily due to a capital spending pause by telecommunications customers. Conversely, the Motive Power segment saw a 1.9% increase in sales to $1.484 billion, driven by higher volumes of maintenance-free batteries. The Specialty segment reported a significant 10.8% increase in sales to $593.6 million, bolstered by the acquisition of Bren-Tronics Defense LLC, which contributed to the segment's growth.
The company made strategic moves during the fiscal year, including the acquisition of Bren-Tronics for $206.4 million, enhancing its capabilities in portable power solutions for military applications. This acquisition is expected to strengthen EnerSys's position in the Specialty segment. Additionally, the company continued to focus on operational efficiencies, resulting in a reduction of operating expenses as a percentage of net sales, which improved gross profit margins to 30.2%, up from 27.4% in the prior year.
EnerSys's workforce stood at approximately 10,858 employees as of March 31, 2025, with about 28% covered by collective bargaining agreements. The company reported no significant labor unrest during the fiscal year. Looking ahead, EnerSys anticipates continued growth driven by its strategic initiatives, including further integration of Bren-Tronics and expansion into new markets, while navigating potential challenges from global economic conditions and commodity price fluctuations. The company remains committed to maintaining its strong liquidity position, with $343 million in cash and undrawn credit lines of approximately $653 million available for future growth opportunities.
About EnerSys
EnerSys is a global leader in stored energy solutions, designing and manufacturing batteries, power systems, and energy management products for industrial, telecommunications, aerospace, defense, and transportation markets. Its core segments include Energy Systems, Motive Power, Specialty Batteries, and New Ventures, serving diverse customers worldwide. The company emphasizes innovation, sustainability, quality, and customer support to maintain competitive advantages in energy storage and power solutions.
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