Enersys, the American energy storage systems company, announced net sales for the first nine months of fiscal 2025 of $2.64 billion, down 1.1% from the prior year’s nine-months. Net earnings for the nine months were $267.2 million, up from $208.2 million last time.
It says the dip in revenue was due to 1% decreases in:
- organic volume
- pricing
- foreign currency translation.
Enersys said this was partially offset by a 2% increase in acquisitions it made.
It also announced the appointment of Keith Fisher as president for Energy Systems Global as of 2 January.
Enersys expects net sales to be between $3.6 billion and $3.64 billion for the full fiscal year of 2025. This will be below their prior forecasts of $3.6-3.7 billion.
Andrea Funk, CFO, said: “We expect the fiscal fourth quarter to be one of our strongest quarters on record, driven by improving order rates and favourable demand trends across our core end markets. We are particularly encouraged by steady demand improvement in the US communications market and early signs of recovery in the transportation sector. These positive dynamics are tempered by ongoing macroeconomic uncertainty, particularly in EMEA, which we continue to monitor closely.
“As we look ahead, we see continued momentum in demand for reliable power solutions, underpinned by accelerating trends in electrification, data-driven infrastructure, and sustainability,” she said.
