Benzinga | Nov 11, 2020 04:35PM EST

Recap: EnerSys Q2 Earnings

Shares of EnerSys (NYSE:ENS) decreased 0.17% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 18.70% year over year to $1.00, which beat the estimate of $0.98.

Revenue of $708,400,000 decreased by 7.05% year over year, which missed the estimate of $723,610,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

EnerSys hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $84.39

Company's 52-week low was at $35.21

Price action over last quarter: Up 4.36%

Company Description

EnerSys is a producers and distributors of industrial batteries, with product lines that include reserve and motive power products. Reserve power products are used for backup power solutions for the continuous operation of critical applications, primarily within the telecommunications industry. Motive power products are used for electrical industrial forklifts in manufacturing and warehousing settings. At the end of fiscal year 2018, EnerSys employed 9,600 people worldwide and generated $2.6 billion in sales.