Q2 2026 EnerSys Earnings Call Transcript
Key Points
- EnerSys (ENS) reported a strong second quarter with net sales up 8% year over year, marking a new Q2 record.
- Adjusted operating earnings and EBITDA increased by 13%, driven by favorable price mix and cost management.
- The company achieved a 15% increase in adjusted diluted EPS, excluding 45x benefits, marking a record high for Q2.
- EnerSys (ENS) returned $78 million to shareholders through share repurchases and dividends, demonstrating strong free cash flow.
- The company is leveraging AI and centers of excellence to improve efficiency and reduce costs, with early benefits already materializing.
- Motive power revenue decreased by 2% year over year due to suppressed volumes and macroeconomic headwinds.
- The company faces ongoing tariff exposure, with an estimated direct tariff impact of $70 million annualized for fiscal year 2026.
- Market uncertainty persists, with Q2 orders paring back sequentially after strong Q1 orders, reflecting dynamic market conditions.
- Lithium battery sales are facing elevated costs due to reliance on Chinese cells and early-stage production inefficiencies.
- The Class 8 market remains soft, impacting demand in the transportation sector, although some improved demand signals were noted.
Hello and thank you for standing by. My name is Mark and I will be your conference operator today. At this time, I would like to welcome everyone to thesis in Q2 for year 2026 earnings webcast and conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remark, there will be a question-and-answer session. If you would like to ask a question during this time, see the press bar, then the number 1 on your telephone keypad, and to withdraw your question, press one again.
Now I would like to turn the call over to Lisa Lanchche, Vice President of Investor relations and corporate communications. Please go ahead.
Good morning everyone. Thank you for joining us today to discuss Enersys fiscal second quarter results. On the call with me are Sean O'Connell, ESIS President and Chief Executive Officer, and Andy Funk, ESIS executive Vice President and Chief Financial Officer.
Last evening we published our second quarter
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