EnerSys announced its first quarter fiscal 2026 results on August 6, 2025, reporting net sales of $893.0 million, a 4.7% increase year-over-year, exceeding its guidance range. Adjusted diluted EPS was $2.08, up 5% from the prior year and in line with guidance, though base business adjusted diluted EPS (excluding IRC 45X benefits) was $1.11, down 6% due to FX headwinds.
The company's Board of Directors approved a $1 billion increase to its stock repurchase authorization, to be executed over the next five years, bringing the total outstanding authorization to $1.06 billion. Additionally, the quarterly cash dividend was raised by 9% to $0.2625 per share, marking the third consecutive year of dividend increases.
EnerSys launched its 'EnerGize' strategic framework, which includes a workforce reduction of approximately 575 employees, expected to deliver $80 million in annualized cost savings starting in fiscal year 2026. The company paused full-year quantitative guidance due to tariff uncertainty and evolving public policy, but expects Q1 to be the low point of the fiscal year and full-year adjusted operating earnings growth (excluding 45X benefits) to outpace revenue growth.
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