EnerSys Q1 FY27 10-Q: Diluted EPS of $3.09, with a $30.9M tariff refund lifting margins
ENS has more than doubled off its 52-week low of $95.5.
Summary
EnerSys reported Q1 FY27 net earnings of $116.5M, up 103% YoY, boosted by a $30.9M tariff refund and strong operating cash flow of $230.2M.
Key Events · Earnings and Guidance · ENS
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Q1 FY27 Earnings Beat
Net earnings of $116.5M ($3.09 diluted EPS) vs $57.5M ($1.46) a year ago, driven by higher gross margin and lower operating expenses.
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Tariff Refund Boosts Margins
Recognized a $30.9M IEEPA tariff refund as a reduction in cost of goods sold, contributing to a 510 bps gross margin expansion to 33.5%.
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Operating Cash Flow Surge
Operating cash flow of $230.2M vs $1.0M prior year, including a $115.5M IRS tax refund received during the quarter.
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Aggressive Buybacks Continue
Repurchased 219,204 shares for $50.0M in Q1 and an additional 249,893 shares for $50.0M between July 6 and August 7, 2026.
Analysis · ENS · Manufacturing
A strong first quarter saw net earnings climb to $116.5 million from $57.5 million a year earlier. The results were bolstered by a $30.9 million IEEPA tariff refund that lowered cost of goods sold, along with favorable price/mix and 45X tax credits. Operating cash flow surged to $230.2 million from $1.0 million, driven by a $115.5 million IRS refund. The company also repurchased $50 million of stock during the quarter and another $50 million after quarter end, while raising its dividend 10%.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ENS was trading at $215.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $6.8B. The 52-week trading range was $95.50 to $244.30. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.