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EnerSys

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 7, 2024

ENS$147.02+3.1%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2024

☐TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number:001-32253

EnerSys

(Exact name of registrant as specified in its charter)

Delaware23-3058564
(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.)

2366 Bernville Road

Reading, Pennsylvania 19605

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code:610-208-1991

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, $0.01 par value per shareENSNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ý Yes ¨ No.

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ý No¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Securities Exchange Act of 1934.

Large Accelerated FilerýAccelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Securities Exchange Act of 1934).☐ Yesý No.

Common Stock outstanding at August 2, 2024:40,244,751 shares

EnerSys

INDEX – FORM 10-Q

Page
PART I – FINANCIAL INFORMATION
Item 1.Financial Statements
Consolidated Condensed Balance Sheets (Unaudited) as of June 30, 2024 and March 31, 20243
Consolidated Condensed Statements of Income (Unaudited) for the Quarters Ended June 30, 2024 and July 2, 20234
Consolidated Condensed Statements of Comprehensive Income (Unaudited) for the Quarters Ended June 30, 2024 and July 2, 20235
Consolidated Condensed Statements of Cash Flows (Unaudited) for the Three Months Ended June 30, 2024 and July 2, 20236
Notes to Consolidated Condensed Financial Statements (Unaudited)7
1Basis of Presentation7
2Revenue Recognition8
3Accounts Receivable8
4Inventories9
5Fair Value of Financial Instruments9
6Derivative Financial Instruments10
7Income Taxes13
8Warranty14
9Commitments, Contingencies and Litigation14
10Restructuring and Other Exit Charges14
11Debt14
12Retirement Plans17
13Stock-Based Compensation17
14Stockholders’ Equity and Noncontrolling Interests17
15Earnings Per Share21
16Business Segments22
17Subsequent Events22
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations23
Item 3.Quantitative and Qualitative Disclosures about Market Risk35
Item 4.Controls and Procedures37
PART II – OTHER INFORMATION
Item 1.Legal Proceedings38
Item 1A.Risk Factors38
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds39
Item 4.Mine Safety Disclosures39
Item 5.Other Information39
Item 6.Exhibits40
SIGNATURES41
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