EnerSys 10-Q for FY2026 Q2

EnerSys (ENS)

10-Q 2025-11-05 For: 2025-09-28

Added on April 12, 2026

About this 10-Q

EnerSys filed this 10-Q on November 5, 2025, covering the quarter ended September 28, 2025 (FY2026 Q2).

Headline figures

Quarter ended September 28, 2025, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $951.29M; up 7.7% from $883.67M a year earlier
Net income: $68.43M; down 16.8% from net income of $82.27M a year earlier
Diluted EPS: $1.80; down 10.4% from $2.01 a year earlier

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Delaware						23-3058564
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)


			Page
PART I – FINANCIAL INFORMATION

Item 1.	Financial Statements

	Consolidated Condensed Balance Sheets (Unaudited) a s of September 28, 2025 and March 31, 2025		3

	Consolidated Condensed Statements of Income (Unaudited) for the Quarters Ended September 28, 2025 and September 29, 2024		4

	Consolidated Condensed Statements of Income (Unaudited) for the Six Months Ended September 28, 2025 and September 29, 2024		5

	Consolidated Condensed Statements of Comprehensive Income (Unaudited) for the Quarters and Six Months Ended September 28, 2025 and September 29, 2024		6

	Consolidated Condensed Statements of Cash Flows (Unaudited) for the Six Months Ended September 28, 2025 and September 29, 2024		7

	Notes to Consolidated Condensed Financial Statements (Unaudited)		8
	1	Basis of Presentation	8
	2	Acquisition	9
	3	Revenue Recognition	9
	4	Accounts Receivable	10
	5	Inventories	11
	6	Fair Value of Financial Instruments	11
	7	Derivative Financial Instruments	12
	8	Income Taxes	16
	9	Warranty	17
	10	Commitments, Contingencies and Litigation	17
	11	Restructuring and Other Exit Charges	17
	12	Debt	21
	13	Retirement Plans	23
	14	Stock-Based Compensation	24
	15	Stockholders’ Equity and Noncontrolling Interests	24
	16	Earnings Per Share	30
	17	Business Segments	30
	18	Subsequent Events	33

Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations		34

Item 3.	Quantitative and Qualitative Disclosures about Market Risk		51

Item 4.	Controls and Procedures		52

PART II – OTHER INFORMATION

Item 1.	Legal Proceedings		53

Item 1A.	Risk Factors		53

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		54

Item 4.	Mine Safety Disclosures		54

Item 5.	Other Information		54

Item 6.	Exhibits		55

SIGNATURES			56


	September 28, 2025		March 31, 2025
Assets
Current assets:
Cash and cash equivalents	$	388,606	$	343,131
Accounts receivable, net of allowance for doubtful accounts: September 28, 2025 - $8,981; March 31, 2025 - $8,675	570,623		597,942
Inventories, net	804,922		739,994
Prepaid and other current assets	379,811		408,747
Total current assets	2,143,962		2,089,814
Property, plant, and equipment, net	607,601		592,433
Goodwill	754,318		721,073
Other intangible assets, net	359,912		375,430
Deferred taxes	89,074		74,793
Other assets	117,283		117,705
Total assets	$	4,072,150	$	3,971,248
Liabilities and Equity
Current liabilities:
Short-term debt	$	29,253	$	28,502
Accounts payable	368,156		405,694
Accrued expenses	377,472		340,872
Total current liabilities	774,881		775,068
Long-term debt, net of unamortized debt issuance costs	1,184,040		1,083,541
Deferred taxes	15,972		17,641
Other liabilities	230,287		175,510
Total liabilities	2,205,180		2,051,760
Commitments and contingencies
Equity:
Preferred Stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding at September 28, 2025 and at March 31, 2025	—		—
Common Stock, $0.01 par value per share, 135,000,000 shares authorized, 57,214,875 shares issued and 37,200,154 shares outstanding at September 28, 2025; 56,839,590 shares issued and 39,192,061 shares outstanding at March 31, 2025	572		568
Additional paid-in capital	694,098		662,725
Treasury stock at cost, 20,014,721 shares held as of September 28, 2025 and 17,647,529 shares held as of March 31, 2025	(1,206,205)		(988,936)
Retained earnings	2,595,689		2,489,200
Accumulated other comprehensive loss	(220,653)		(247,479)
Total EnerSys stockholders’ equity	1,863,501		1,916,078
Nonredeemable noncontrolling interests	3,469		3,410
Total equity	1,866,970		1,919,488
Total liabilities and equity	$	4,072,150	$	3,971,248


	Quarter ended
	September 28, 2025		September 29, 2024
Sales from products	$	861,194	$	789,967
Sales from services	90,092		93,702
Net sales	951,286		883,669
Cost of goods sold	599,700		553,764
Cost of services	74,442		75,876
Inventory step up to fair value relating to recent acquisitions	—		1,883
Gross profit	277,144		252,146
Operating expenses	164,026		150,535
Restructuring and other exit charges	21,086		2,224
Operating earnings	92,032		99,387
Interest expense	12,176		12,491
Other expense (income), net	3,380		2,706
Earnings before income taxes	76,476		84,190
Income tax expense	8,050		1,924
Net earnings attributable to EnerSys stockholders	$	68,426	$	82,266
Net earnings per common share attributable to EnerSys stockholders:
Basic	$	1.83	$	2.05
Diluted	$	1.80	$	2.01
Dividends per common share	$	0.2625	$	0.24
Weighted-average number of common shares outstanding:
Basic	37,436,456		40,165,080
Diluted	37,977,855		40,863,205


	Six months ended
	September 28, 2025		September 29, 2024
Sales from products	$	1,667,006	$	1,548,498
Sales from services	177,304		188,087
Net sales	1,844,310		1,736,585
Cost of goods sold	1,165,747		1,089,530
Cost of services	148,191		154,655
Inventory step up to fair value relating to recent acquisitions	—		1,883
Gross profit	530,372		490,517
Operating expenses	324,912		291,637
Restructuring and other exit charges	26,948		8,162
Operating earnings	178,512		190,718
Interest expense	23,488		23,478
Other expense (income), net	12,890		3,721
Earnings before income taxes	142,134		163,519
Income tax expense	16,250		11,142
Net earnings attributable to EnerSys stockholders	$	125,884	$	152,377
Net earnings per common share attributable to EnerSys stockholders:
Basic	$	3.30	$	3.79
Diluted	$	3.26	$	3.72
Dividends per common share	$	0.5025	$	0.465
Weighted-average number of common shares outstanding:
Basic	38,113,597		40,184,546
Diluted	38,645,031		40,924,660


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


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



Trade Receivables	$	10,325
Inventory	48,362
Prepaid and other current assets	1,392
Property, plant and equipment	14,701
Other intangible assets	90,500
Deferred Taxes	1,069
Other assets	2,003
Total assets acquired	$	168,352
Accounts payable	2,485
Accrued liabilities	8,078
Other liabilities	2,236
Total liabilities assumed	$	12,799
Net assets acquired	$	155,553

Consideration transferred:
Cash consideration, net of cash and restricted cash acquired	$	206,374

Total consideration transferred	206,374
Less: Fair value of acquired identifiable assets and liabilities	155,553
Goodwill	$	50,821


	September 28, 2025		March 31, 2025
Raw materials	$	312,765	$	296,365
Work-in-process	132,601		125,459
Finished goods	359,556		318,170
Total	$	804,922	$	739,994


	Total Fair Value Measurement September 28, 2025		Quoted Price in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Lead forward contracts	$	(855)	$	—	$	(855)	$	—
Foreign currency forward contracts	183		—		183		—
Interest Rate Swaps	(208)		—		(208)		—
Net investment hedges	(84,432)		—		(84,432)		—
Total derivatives	$	(85,312)	$	—	$	(85,312)	$	—


	Total Fair Value Measurement March 31, 2025		Quoted Price in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Lead forward contracts	$	(225)	$	—	$	(225)	$	—
Foreign currency forward contracts	1,629		—		1,629		—
Interest Rate Swaps	5		—		5		—
Net investment hedges	(33,002)		—		(33,002)		—
Total derivatives	$	(31,593)	$	—	$	(31,593)	$	—


	September 28, 2025				March 31, 2025
	Carrying Amount		Fair Value		Carrying Amount		Fair Value


Financial liabilities:
Senior Notes (2)	$	600,000	$	603,900	$	600,000	$	591,420
Derivatives (1)	$	85,312	$	85,312	$	(31,593)	$	(31,593)


	Derivatives and Hedging Activities Designated as Cash Flow Hedges				Derivatives and Hedging Activities Designated as Net Investment Hedges				Derivatives and Hedging Activities Not Designated as Hedging Instruments
	September 28, 2025		March 31, 2025		September 28, 2025		March 31, 2025		September 28, 2025		March 31, 2025
Prepaid and other current assets:
Lead forward contracts	$	—	$	—	$	—	$	—	$	—	$	—
Foreign currency forward contracts	—		—		—		—		348		1,919
Net investment hedges	—		—		—		—		—		—
Other assets:
Interest rate swaps	—		5		—		—		—		—
Net investment hedges	—		—		—		—		—		—
Total assets	$	—	$	5	$	—	$	—	$	348	$	1,919
Accrued expenses:
Lead forward contracts	$	855	$	225	$	—	$	—	$	—	$	—
Foreign currency forward contracts	165		290		—		—		—		—
Other liabilities:
Interest rate swaps	208		—		—		—		—		—
Net investment hedges	—		—		84,432		33,002		—		—
Total liabilities	$	1,228	$	515	$	84,432	$	33,002	$	—	$	—


Derivatives Designated as Cash Flow Hedges	Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)		Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Lead forward contracts	$	(3,498)	Cost of goods sold	$	(1,211)
Foreign currency forward contracts	120		Cost of goods sold	(1,066)
Interest rate swaps	163		Interest expense	299
Total	$	(3,215)		$	(1,978)


Derivatives Designated as Net Investment Hedges	Pretax Gain (Loss) Recognized in AOCI on Derivative (Effective Portion)		Location of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Pretax Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
Cross currency fixed interest rate swaps	$	7,467	Interest expense	$	4,076
Total	$	7,467		$	4,076


ITEM 1.			FINANCIAL STATEMENTS


	Six months ended
	September 28, 2025		September 29, 2024
Cash flows from operating activities
Net earnings	$	125,884	$	152,377
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	54,889		48,757
Write-off of assets relating to exit activities	(619)		244
Derivatives not designated in hedging relationships:
Net losses (gains)	(498)		(1,783)
Cash (settlements) proceeds	2,070		1,320
Provision for doubtful accounts	404		1,124
Deferred income taxes	(68)		114
Non-cash interest expense	1,212		969
Stock-based compensation	22,036		12,187
(Gain) loss on disposal of property, plant, and equipment	284		64
Changes in assets and liabilities:
Accounts receivable	43,652		(9,323)
Inventories	(48,664)		(12,401)
Prepaid and other current assets	69,493		(26,201)
Other assets	560		968
Accounts payable	(34,650)		(40,104)
Accrued expenses	(21,393)		(83,963)
Other liabilities	4,423		(303)
Net cash provided by (used in) operating activities	219,015		44,046

Cash flows from investing activities
Capital expenditures	(53,922)		(66,486)
Purchase of business	(12,662)		(205,276)
Proceeds from disposal of property, plant, and equipment	4,189		89
Investment in Equity Securities	—		(10,852)
Net cash (used in) provided by investing activities	(62,395)		(282,525)

Cash flows from financing activities
Net (repayments) borrowings on short-term debt	(143)		(434)
Proceeds from Second Amended Revolver borrowings	467,563		476,600
Repayments of Second Amended Revolver borrowings	(155,000)		(76,600)
Repayments of Term Loans	(210,000)		—
Option proceeds, net	16,948		7,445
Payment of taxes related to net share settlement of equity awards	(8,192)		(7,984)


	Quarter ended				Six months ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
Balance at beginning of period	$	68,425	$	61,733	$	66,421	$	60,819
Current period provisions	6,860		7,027		13,878		14,174
Costs incurred	(5,423)		(6,887)		(11,449)		(12,752)
Foreign currency translation adjustment	(372)		670		640		302
Balance at end of period	$	69,490	$	62,543	$	69,490	$	62,543


	Quarter ended September 28, 2025
	Energy Systems		Motive Power		Specialty		Corporate Other		Total
Restructuring charges	$	9,145	$	9,132	$	1,648	$	129	$	20,054
Exit charges	116		199		717		—		1,032
Restructuring and other exit charges	$	9,261	$	9,331	$	2,365	$	129	$	21,086


Derivatives Not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in Income on Derivatives	Pretax Gain (Loss)
Foreign currency forward contracts	Other (income) expense, net	$	(620)
Total		$	(620)


	Six months ended September 28, 2025
	Energy Systems		Motive Power		Specialty		Corporate Other		Total
Restructuring charges	$	9,908	$	9,620	$	1,649	$	129	$	21,306
Exit charges	407		4,518		717		—		5,642
Restructuring and other exit charges	$	10,315	$	14,138	$	2,366	$	129	$	26,948


Balance as of March 31, 2025	$	1,079
Accrued	21,306
Costs incurred	(8,739)
Foreign currency impact	52
Balance as of September 28, 2025	$	13,698


	September 28, 2025				March 31, 2025
	Principal		Unamortized Issuance Costs		Principal		Unamortized Issuance Costs
Senior Notes	$	600,000	$	4,713	$	600,000	$	5,276
Sixth Amended Credit Facility, due 2026	592,563		3,810		490,000		1,183
	$	1,192,563	$	8,523	$	1,090,000	$	6,459
Less: Unamortized issuance costs	8,523				6,459
Long-term debt, net of unamortized issuance costs	$	1,184,040			$	1,083,541


	United States Plans				International Plans
	Quarter ended				Quarter ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
Service cost	$	—	$	—	$	272	$	246
Interest cost	—		166		695		643
Expected return on plan assets	(10)		(47)		(375)		(365)
Amortization and deferral	—		(17)		159		150
Net periodic benefit cost	$	(10)	$	102	$	751	$	674


Shares outstanding as of March 31, 2025						39,192,061
Purchase of treasury stock						(2,375,741)
Shares issued under equity-based compensation plans, net of equity awards surrendered for option price and taxes						383,834
Shares outstanding as of September 28, 2025						37,200,154


	March 31, 2025		Before Reclassifications		Amounts Reclassified from AOCI		September 28, 2025
Pension funded status adjustment	$	(10,374)	$	—	$	245	$	(10,129)
Net unrealized gain (loss) on derivative instruments	(269)		(2,570)		2,084		(755)
Foreign currency translation adjustment (1)	(236,836)		27,067		—		(209,769)
Accumulated other comprehensive (loss) income	$	(247,479)	$	24,497	$	2,329	$	(220,653)


Components of AOCI	Amounts Reclassified from AOCI		Location of (Gain) Loss Recognized on Income Statement
Derivatives in cash flow hedging relationships:
Net unrealized loss on derivative instruments	$	1,978	Cost of goods sold
Tax benefit	(462)
Net unrealized loss on derivative instruments, net of tax	$	1,516

Derivatives in net investment hedging relationships:
Net unrealized gain on derivative instruments	$	(4,076)	Interest expense
Tax expense	953
Net unrealized gain on derivative instruments, net of tax	$	(3,123)

Defined benefit pension costs:
Prior service costs and deferrals	$	159	Net periodic benefit cost, included in other (income) expense, net - See Note 14
Tax benefit	(37)
Net periodic benefit cost, net of tax	$	122


(In Thousands, Except Per Share Data)	Preferred Stock		Common Stock		Additional Paid-in Capital		Treasury Stock		Retained Earnings		Accumulated Other Comprehensive Income (Loss)		Total EnerSys Stockholders’ Equity		Non- redeemable Non- Controlling Interests		Total Equity
Balance at March 31, 2025	$	—	$	568	$	662,725	$	(988,936)	$	2,489,200	$	(247,479)	$	1,916,078	$	3,410	$	1,919,488
Stock-based compensation	—		—		17,601		—		—		—		17,601		—		17,601
Purchase of common stock	—		—		—		(150,034)		—		—		(150,034)		—		(150,034)
Other	—		—		63		266		—		—		329		—		329
Net earnings	—		—		—		—		57,458		—		57,458		—		57,458
Dividends ($0.24 per common share)	—		—		221		—		(9,328)		—		(9,107)		—		(9,107)
Other comprehensive income:													—
Pension funded status adjustment (net of tax benefit of $37)	—		—		—		—		—		123		123		—		123
Net unrealized gain (loss) on derivative instruments (net of tax gain of $142)	—		—		—		—		—		462		462		—		462
Foreign currency translation adjustment	—		—		—		—		—		29,789		29,789		40		29,829
Balance at June 29, 2025	$	—	$	568	$	680,610	$	(1,138,704)	$	2,537,330	$	(217,105)	$	1,862,699	$	3,450	$	1,866,149
Stock-based compensation	—		—		4,435		—		—		—		4,435		—		4,435
Exercise of stock options	—		4		16,944		—		—		—		16,948		—		16,948
Shares issued under equity awards (taxes paid related to net share settlement of equity awards), net	—		—		(8,174)		—		—		—		(8,174)		—		(8,174)
Purchase of common stock	—		—		—		(67,750)		—		—		(67,750)		—		(67,750)
Other	—		—		26		249		—		—		275		—		275
Net earnings	—		—		—		—		68,426		—		68,426		—		68,426
Dividends ($0.2625 per common share)	—		—		257		—		(10,067)		—		(9,810)		—		(9,810)
Other comprehensive income:													—
Pension funded status adjustment (net of tax benefit of $37)	—		—		—		—		—		122		122		—		122
Net unrealized gain (loss) on derivative instruments (net of tax of $289)	—		—		—		—		—		(948)		(948)		—		(948)
Foreign currency translation adjustment	—		—		—		—		—		(2,722)		(2,722)		19		(2,703)
Balance at September 28, 2025	$	—	$	572	$	694,098	$	(1,206,205)	$	2,595,689	$	(220,653)	$	1,863,501	$	3,469	$	1,866,970


	Quarter ended
	September 28, 2024
	Energy Systems		Motive Power		Specialty		Total
Net Sales by segment to unaffiliated customers (1)	$	382,091	$	366,744	$	134,834	$	883,669
Net sales from corporate and other
Total Net Sales							$	883,669
Less:
Other segment items(4)	$	357,730	$	309,154	$	127,496	$	794,380

Segment income	$	24,361	$	57,590	$	7,338	$	89,289
Less:
Inventory restructuring and acquisitions	—		—		1,883		1,883
Restructuring and other exit charges	747		1,088		389		2,224
Amortization of intangible assets	6,013		187		1,952		8,152
Other	60		3		2,861		2,924
Total operating earnings by segment	$	17,541	$	56,312	$	253	$	74,106
Corporate and other(3)							$	25,281
Operating earnings(2)							$	99,387


	September 28, 2025		March 31, 2025
Property, plant and equipment, net
Energy Systems	$	203,863	$	198,841
Motive Power	132,211		144,076
Specialty	257,104		236,861
Other	14,423		12,655
Total	$	607,601	$	592,433


ITEM 2.			MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


($ in Millions)	September 28, 2025			March 31, 2025			September 29, 2024
Accounts receivable, net	$	570.6		$	597.9		$	549.0
Inventory, net	804.9			740.0			763.5
Accounts payable	(368.2)			(405.7)			(333.7)
Total primary operating capital	$	1,007.3		$	932.2		$	978.8
Trailing 3 months net sales	$	951.3		$	974.8		$	883.7
Trailing 3 months net sales annualized	$	3,805.2		$	3,899.2		$	3,534.8

Primary operating capital as a % of annualized net sales	26.5		%	23.9		%	27.7		%


	Quarter ended September 28, 2025				Quarter ended September 29, 2024				Increase (Decrease)
	In Millions		Percentage of Total Net Sales		In Millions		Percentage of Total Net Sales		In Millions		%
Energy Systems	$	434.7	45.7	%	382.1		43.2	%	$	52.6	13.8	%
Motive Power	359.7		37.8		366.7		41.5		(7.0)		(1.9)
Specialty	156.9		16.5		134.9		15.3		22.0		16.3
Total net sales	$	951.3	100.0	%	$	883.7	100.0	%	$	67.6	7.7	%


	Six months ended September 28, 2025				Six months ended September 29, 2024				Increase (Decrease)
	In Millions		Percentage of Total Net Sales		In Millions		Percentage of Total Net Sales		In Millions		%
Energy Systems	$	826.1	44.8	%	$	743.1	42.8	%	$	83.0	11.2	%
Motive Power	708.8		38.4		732.9		42.2		(24.1)		(3.3)
Specialty	305.4		16.6		260.6		15.0		44.8		17.2
Other	4.0		0.2		—		—		4.0		NM
Total net sales	$	1,844.3	100.0	%	$	1,736.6	100.0	%	$	107.7	6.2	%


	Six months ended September 28, 2025				Six months ended September 29, 2024				Increase (Decrease)
	In Millions		Percentage of Total Net Sales (1)		In Millions		Percentage of Total Net Sales (1)		In Millions		%
Energy Systems	$	61.0	7.4	%	$	43.2	5.8	%	$	17.8	40.5	%
Motive Power	$	94.6	13.3		113.6		15.5		(19.0)		(16.7)
Specialty	$	24.2	7.9		12.4		4.7		11.8		97.3
Corporate and other (2)	$	64.0	3.5		51.1		2.9		12.9		25.3
Subtotal	$	243.8	13.2		220.3		12.7		23.5		10.7
Inventory adjustment related to recent acquisitions- Specialty	$	—	—		(1.9)		(0.7)		1.9		—
Accelerated stock compensation expense - Energy Systems	$	(5.4)	(0.7)		—		—		(5.4)		—
Accelerated stock compensation expense - Motive	$	(3.4)	(0.5)		—		—		(3.4)		—
Accelerated stock compensation expense - Specialty	$	(1.4)	(0.5)		—		—		(1.4)		—
Restructuring and other exit charges - Energy Systems	$	(10.4)	(1.2)		(4.5)		(0.6)		(5.9)		NM
Restructuring and other exit charges - Motive Power	$	(14.1)	(2.0)		(2.5)		(0.3)		(11.6)		NM
Restructuring and other exit charges - Specialty	$	(2.4)	(0.8)		(1.1)		(0.4)		(1.3)		NM
Restructuring and other exit charges - Corporate Other	$	(0.1)	NM		—		—		(0.1)		NM
Amortization of intangible assets - Energy Systems	$	(11.7)	(0.6)		(12.0)		(0.7)		0.3		(4.4)
Amortization of intangible assets - Motive Power	$	(0.2)	(0.1)		(0.4)		(0.1)		0.2		16.5
Amortization of intangible assets - Specialty	$	(4.8)	(1.6)		(2.7)		(1.0)		(2.1)		80.6
Other - Energy Systems	$	(5.2)	(0.6)		(0.2)		—		(5.0)		NM
Other - Motive Power	$	(2.8)	(0.4)		—		—		(2.8)		—
Other - Specialty	$	(3.4)	(1.1)		(4.3)		(1.6)		0.9		NM
Total operating earnings	$	178.5	9.7	%	$	190.7	11.0	%	$	(12.2)	(6.4)	%


Date	$’s Under Contract (in millions)		# Pounds Purchased (in millions)	Average Cost/Pound		Approximate % of Lead Requirements (1)
September 28, 2025	$	95.2	104.4	$	0.91	18	%
March 31, 2025	63.8		70.0	0.91		8
September 29, 2024	59.4		62.5	0.95		8


Period	(a) Total number of shares (or units) purchased	(b) Average price paid per share (or unit)		(c) Total number of shares (or units) purchased as part of publicly announced plans or programs	(d) Maximum number (or approximate dollar value) of shares (or units) that may be purchased under the plans or programs (1) (2)
June 30- July 31, 2025	413	$	89.76	—	$	63,520,613
August 1 - August 31, 2025	228,018	100.25		136,761	1,049,452,449
September 1 - September 28, 2025	695,717	109.57		491,719	995,771,041
Total	924,148	$	107.26	628,480


Exhibit Number						Description of Exhibit



3.1						Fifth Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.1 to Amendment No. 3 to the Company’s Registration Statement on Form S-1 (File No. 333-115553) filed on July 13, 2004).

3.2						Fifth Amended and Restated Bylaws (incorporated by reference to Exhibit 3.2 to the Company’s Quarterly Report on Form 10-Q for the period ended December 29, 2024 (File No. 001-32253) filed on February 5, 2025).







31.1						Certification of Principal Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) Under the Securities Exchange Act of 1934 (filed herewith).

31.2						Certification of Principal Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) Under the Securities Exchange Act of 1934 (filed herewith).

32.1						Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith).

101.INS						XBRL Instance Document - The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document.

101.SCH						XBRL Taxonomy Extension Schema Document

101.CAL						XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF						XBRL Taxonomy Extension Definition Linkbase Document

101.LAB						XBRL Taxonomy Extension Label Linkbase Document

101.PRE						XBRL Taxonomy Extension Presentation Linkbase Document


ENERSYS (Registrant)

By			/s/ Andrea J. Funk
			Andrea J. Funk
			Chief Financial Officer