EnerSys, a global leader in stored energy solutions, reported a revenue of $3.75 billion for the fiscal year ending March 31, 2026, marking a 3.7% increase from $3.62 billion in the previous fiscal year. The company's net earnings attributable to stockholders decreased by 19.3% to $293.6 million, down from $363.7 million in fiscal 2025. This decline in profitability was attributed to increased operating expenses and restructuring charges, which rose significantly from $14.4 million in fiscal 2025 to $51 million in fiscal 2026.
The company's performance varied across its operating segments. The Energy Systems segment saw a revenue increase of 7.8% to $1.65 billion, driven by strong demand from data centers and industrial customers. Conversely, the Motive Power segment experienced a decline in sales of 3.6% to $1.43 billion, primarily due to lower volumes in the Americas amid macroeconomic uncertainties. The Specialty segment, however, reported a 12.1% increase in sales to $665.1 million, bolstered by the acquisition of Bren-Tronics Defense LLC, which contributed to the segment's growth.
In terms of strategic developments, EnerSys completed the acquisition of Bren-Tronics for $206.4 million in cash in July 2024, enhancing its capabilities in portable power solutions for military applications. The company also announced plans to close its manufacturing facility in Tijuana, Mexico, as part of a broader restructuring initiative aimed at optimizing its cost structure and enhancing domestic production capacity. This restructuring is expected to result in a reduction of approximately 474 employees and incur pre-tax charges of around $37 million.
Operationally, EnerSys served over 10,000 customers across more than 100 countries, with a workforce of approximately 9,682 employees as of March 31, 2026. The company reported a primary operating capital of $876.6 million, representing 22.2% of annualized net sales, a decrease from 23.9% in the previous year, attributed to improved collections and inventory management. Looking ahead, EnerSys anticipates continued growth driven by demand for energy storage solutions and the benefits from the Inflation Reduction Act, which is expected to positively impact its financial performance in the coming years.
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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