enersys (ENS) Key Developments
EnerSys Announces Executive Changes
Aug 13 14
John D. Craig of EnerSys announced that he will be stepping down from his position of President effective November 1, 2014, but will remain with the company as Chairman and Chief Executive Officer. With this move, Dave M. Shaffer has been appointed to the newly created position of President and Chief Operating Officer. Mr. Shaffer is currently serving as President of the company's Europe, Middle East and Africa business and prior to that was President of the company's Asia business. Mr. Shaffer will continue to report to Mr. Craig.
EnerSys Announces Unaudited Earnings Results for the First Quarter Ended June 30, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of 2015
Aug 6 14
EnerSys announced unaudited earnings results for the first quarter ended June 30, 2014. For the quarter, net sales were $634.1 million against $597.3 million a year ago. Operating earnings was $71.7 million against $62.6 million a year ago. Earnings before income taxes were $65.8 million against $56.0 million a year ago. Net earnings attributable to the company's stockholders were $49.2 million or $0.99 per diluted share against $40.8 million or $0.83 per diluted share a year ago. Non-GAAP adjusted net earnings were $50.7 million or $1.02 per diluted share against $41.1 million or $0.83 per diluted share a year ago. The company generated nearly $42 million in cash from operations in first quarter of fiscal 2015 even after $19 million in additional primary working capital. Capital expenditures year-to-date was $15 million in fiscal 2015 compared to $13 million in fiscal 2014.
For the second quarter 2015, the company provided guidance for non-GAAP adjusted net earnings per diluted share of $1.00 to $1.04, which excludes an expected net charge of $0.08 from ongoing restructuring programs, acquisition expenses and other highlighted items. Tax rate for the second quarter of fiscal 2015 will be between 26% and 28%. The company anticipates gross profit rate in second fiscal quarter to be between 25% and 26%.
For the full year, the company expects a 25% to 26% rate on adjusted - as adjusted earnings.
Enersys Declares Quarterly Cash Dividend, Payable on September 26, 2014
Aug 5 14
EnerSys announced that its Board of Directors has declared a quarterly cash dividend of $0.175 per share of common stock payable on September 26, 2014 to holders of record as of September 12, 2014.
Seifi Ghasemi Resigns from Board of EnerSys
Jul 30 14
On July 30, 2014, Seifi Ghasemi resigned from the board of directors and the Compensation Committee of EnerSys, effective at the close of business on July 30, 2014. Mr. Ghasemi's resignation is due to his appointment as Chairman, President and Chief Executive Officer of Air Products & Chemicals Inc.
EnerSys Presents at Jefferies 2014 Global Industrials Conference, Aug-11-2014 11:00 AM
Jul 24 14
EnerSys Presents at Jefferies 2014 Global Industrials Conference, Aug-11-2014 11:00 AM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: John D. Craig, Chairman, Chief Executive Officer and President, Thomas L. O'Neill, Vice President and Treasurer.