By Roshan Fernandez

EnerSys reported an increase in profit and revenue for the fourth quarter and provided first-quarter guidance that fell short of Wall Street's estimates.

The Reading, Pa.-based battery manufacturer said on Wednesday it expects to absorb headwinds from tariffs in its results for the first quarter, which are expected be the low point for the company in the current fiscal year.

Shares fell 2.9% to $92.75 in after-hours trading following the results.

The company expects net revenue of $830 million to $870 million, and adjusted earnings per share between $2.03 and $2.13 in the first quarter. Analysts surveyed by FactSet were expecting $908 million in sales and $2.41 in adjusted earnings.

"Our fiscal first quarter 2026 guidance reflects typical seasonal volume softness in Motive Power and Transportation exacerbated by short-term macro dynamics," Chief Financial Officer Andrea Funk said.

EnerSys also said it was suspending its full-year guidance due in part to shifting tariff policies.

Funk said the company is on track toward its fiscal year 2027 targets for adjusted operating margin, earnings per share, and earnings before interest, taxes, depreciation and amortization, that it outlined during a 2023 investor conference.

For the fourth quarter, the company had a profit of $96.5 million, or $2.41 a share, compared with $60.9 million, or $1.48 a share, a year earlier.

Excluding one-time items, per-share earnings were $2.97, beating the $2.78 per share that analysts were expecting, according to FactSet. That also topped previously issued guidance of $2.75 to $2.85 per share.

Revenue rose to $974.8 million from $910.7 million a year earlier, which also beat previously issued guidance. Analysts had forecast sales of $972.7 million.

Write to Roshan Fernandez at roshan.fernandez@wsj.com

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May 21, 2025 17:20 ET (21:20 GMT)

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