EnerSys Profit Tops Estimates, Revenue Misses

(RTTNews) - EnerSys (ENS), a provider of stored energy solutions for industrial applications, on Wednesday reported fourth-quarter net earnings of $26.5 million or $0.57 per share compared with $12.8 million or $0.26 per share last year.

Excluding impairment charges, restructuring costs and other one-time items, adjusted earnings for the quarter were $1.15 per share compared with $1.18 per share a year ago.

Revenues for the quarter were down 5% at $629.9 million compared with $665.2 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.14 per share on revenues of $635.1 million for the quarter. Analysts' estimates typically exclude special items.

For the first quarter of 2016, the company still expects adjusted earnings of $1.00 to $1.04 per share, while analysts expect $1.06 per share.