EnerSys Hosts 2023 Investor Day

EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, hosted its 2023 Investor Day at the New York Stock Exchange on Thursday, June 15, 2023.

President and CEO Dave Shaffer, EVP and CFO Andi Funk, and other members of the executive management team presented a detailed overview of the Company’s strategy and drivers to innovate, optimize, and accelerate the business, as well as the Company’s priorities for sustainability and capital allocation.

Additionally, the Company introduced its fiscal 2027 financial targets as follows:

	CAGR from FY’23 to FY’27
Net sales growth	8% to 10%
	Fiscal year ending 3/31/2027
Adjusted Operating Margin	14% to 16%
Adjusted EBITDA	$850M to $950M
Adjusted EPS	$11.00 to $13.00

“We are excited to share an update on our strategic vision and long-term objectives,” said Dave Shaffer, President and CEO. “As a leading provider of energy storage solutions, EnerSys plays a critical role in the global electrification megatrend. Guided by our three strategic pillars and with our highly differentiated solutions, we are extremely well-positioned for long-term profitable growth, and we see a very bright future ahead for EnerSys.”

A replay of the event can be accessed through the Events and Presentations page of the Investor Relations section of the company’s website at https://investor.enersys.com/events-presentations.

About EnerSys:

EnerSys is the global leader in stored energy solutions for industrial applications, manufactures and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. Energy Systems, which combine enclosures, power conversion, power distribution and energy storage, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, large over-the-road trucks, premium automotive, medical and security systems applications. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. With the NorthStar acquisition, EnerSys has solidified its position as the market leader for premium Thin Plate Pure Lead batteries which are sold across all three lines of business. More information regarding EnerSys can be found at www.enersys.com.