EnerSys Reports 4.8% Net Sales Increase to $935.6 Million in Q1 Fiscal 2027

EnerSys reported a net sales increase of 4.8% for the first quarter of fiscal 2027, reaching $935.6 million compared to $893.0 million in the same period last year. This growth was driven by a 3% increase in price/mix, a 1% rise in organic volume, and a 1% contribution from foreign currency translation. The company's gross profit also saw a significant rise, increasing by 23.8% to $313.4 million, with gross profit margin improving to 33.5% of net sales, up from 28.4% in the prior year. Net earnings attributable to EnerSys stockholders surged to $116.5 million, or $3.19 per share, compared to $57.5 million, or $1.48 per share, in the previous year.

In terms of operational changes, EnerSys underwent a strategic restructuring plan that included a reduction in workforce by approximately 11%, or 575 employees, aimed at aligning resources with business priorities. The company recorded restructuring and exit charges of $10.7 million during the quarter, reflecting the costs associated with this plan. Additionally, EnerSys announced plans to close its manufacturing facility in Tijuana, Mexico, as part of its efforts to optimize its cost structure and mitigate risks associated with tariffs.

The company’s balance sheet showed total assets of $3.96 billion as of July 5, 2026, a slight decrease from $4.00 billion at the end of the previous fiscal year. Current assets totaled $2.13 billion, with cash and cash equivalents increasing to $530.7 million from $438.7 million. Current liabilities also decreased to $762.0 million from $804.0 million, contributing to a reduction in total liabilities to $1.98 billion. The company’s equity rose to $1.97 billion, reflecting retained earnings growth and stockholder equity improvements.

EnerSys continues to focus on geographic expansion and product innovation, particularly in its Network & Infrastructure Solutions and Precision Power Solutions segments, which reported sales increases of 9.4% and 23.6%, respectively. The company is also investing in a new lithium-ion cell manufacturing facility in South Carolina, supported by a $150 million grant from the U.S. Department of Energy, with construction expected to begin in fiscal 2028. Looking ahead, EnerSys anticipates continued growth driven by demand in the data center and communications markets, despite ongoing challenges from global economic conditions and supply chain disruptions.