EnerSys reported its financial results for the quarter and nine months ended December 28, 2025, revealing a modest increase in net sales but a decline in profitability compared to the previous fiscal period. The company achieved net sales of $919.1 million for the quarter, a 1.4% increase from $906.2 million in the same quarter of the prior year. For the nine months, net sales rose by 4.6% to $2.763 billion, up from $2.643 billion. However, net earnings attributable to EnerSys stockholders fell to $90.4 million, or $2.45 per share, down from $114.8 million, or $2.92 per share, in the prior year quarter. For the nine months, net earnings decreased to $216.3 million, or $5.74 per share, from $267.2 million, or $6.70 per share.
The company's financial performance was impacted by several factors, including a 3% increase in pricing and a 2% increase from foreign currency translation, which were offset by a 4% decrease in organic volume. The Energy Systems segment saw a sales increase of 2.6%, while the Motive Power segment experienced a decline of 1.9%. The Specialty segment, however, reported an 8.0% increase in sales, driven by strong demand in transportation and defense markets, bolstered by the acquisition of Bren-Tronics Defense LLC, which was completed in July 2024.
Operationally, EnerSys has been undergoing significant restructuring efforts, including a reduction in workforce by approximately 11%, or 575 employees, aimed at aligning resources with business priorities. The company recorded $31.2 million in restructuring and exit charges over the nine months, reflecting the costs associated with these initiatives. Additionally, the company reported a primary operating capital of $933.6 million, yielding a primary operating capital percentage of 25.4%, which increased from 23.9% at the end of the previous fiscal year.
Looking ahead, EnerSys anticipates continued challenges due to macroeconomic factors, including inflation and geopolitical tensions, which may impact customer spending and supply chain stability. The company expects to realize approximately $30 million to $35 million in savings from its restructuring efforts in fiscal 2026, with material benefits beginning in the third quarter. Despite the current challenges, EnerSys remains focused on its strategic initiatives, including expanding its product offerings and enhancing operational efficiencies to drive future growth.
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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