Delaware
|
23-3058564
|
|
(State or other jurisdiction of
|
(IRS Employer
|
|
incorporation)
|
Identification No.)
|
Information to be included in the report
|
|
EnerSys
|
||||||
Date: February 08, 2006
|
By:
|
/s/ Michael T. Philion
|
||||||
Michael T. Philion
|
||||||||
Executive Vice President - Finance and Chief Financial Officer
|
||||||||
Exhibit No.
|
Description
|
|
EX-99.1
|
Press Release, dated February 7, 2006, of EnerSys regarding expected third quarter results.
|
READING, Pa., USA, February 7, 2006 /PRNewswire-FirstCall/ -- EnerSys (NYSE: ENS), the
world's largest manufacturer, marketer and distributor of industrial batteries, announced today
that for its third fiscal quarter of 2006, which ended on January 1, 2006, it expects to report on a
pro forma basis, after adjusting for certain restructuring and other charges, diluted net earnings of
$0.20 per share. This is within the $0.17 to $0.21 per share pro forma guidance provided on
November 15, 2005 and compared to $0.14 per share for the third quarter in the prior year. Net
sales for the third fiscal quarter of 2006 are expected to be approximately $322 million, which
represents an 18% increase compared to the third quarter in the prior year.
On a GAAP basis, the Company expects to report net earnings of $0.17 per share basic and
diluted, compared to $0.15 per share basic and $0.14 per share diluted, for the comparable
p
eriod in the prior year.
Please refer to the paragraph below under the heading "Non-GAAP Financial Measures" for a
discussion of the Company's use of pro forma financial information.
The Company anticipates releasing final fiscal third quarter and fiscal nine month results for 2006
on February 15, 2006, which will be followed by a conference call for the investment community
on February 16, 2006.
For more information, contact Richard Zuidema, Executive Vice President, EnerSys, P.O. Box
14145, Reading, PA 19612-4145, USA. Tel: 800/538-3627; Web site: http://www.enersys.com.
About EnerSys
EnerSys, the world leader in stored energy solutions for industrial applications, manufactures,
distributes and services reserve power and motive power batteries, chargers, power equipment,
and battery accessories to customers worldwide. Reserve power batteries are used in the
telecommunications and utility industries, uninterruptible power suppliers, and numerous
applications requ
iring standby power. Motive power batteries are utilized in electric fork lift trucks
and other commercial electric powered vehicles. The Company also provides aftermarket and
customer support services to its customers from over 100 countries through its sales and
manufacturing locations around the world.
More information regarding EnerSys can be found at http://www.enersys.com.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements (within the meaning of the Private
Securities Litigation Reform Act of 1995) that are based on management's current expectations
and are subject to uncertainties and changes in circumstances. The Company's actual results
may differ materially from the forward-looking statements for a number of reasons. For a list of
the factors, which could affect the Company's results, see "Item 2. Management's Discussion and
Analysis of Financial Condition and Results of Operations," including "Forward-Loo
king
Statements," set forth in the Company's Quarterly Report on Form 10-Q for the second fiscal
quarter ended October 2, 2005, which was filed with the U.S. Securities and Exchange
Commission.
Non-GAAP Financial Measures
This press release contains expected pro forma earnings per share data determined by methods
other than in accordance with U.S. Generally Accepted Accounting Principles ("GAAP").
EnerSys' management uses non-GAAP measures in their analysis of the Company's
performance. These measures, as used by EnerSys, adjust net earnings determined in
accordance with GAAP to reflect changes in financial results associated primarily with our IPO
and our restructuring initiatives. Management believes presentations of financial measures
reflecting these adjustments provide important supplemental measurement information in
evaluating the operating results of our business as distinct from results that include items that are
not indicative of ongoing opera
ting results; in particular, the charges that the Company incurs as
a result of restructuring activities associated with our acquisitions. Because these charges are
incurred as a result of an acquisition, they are not a valid measure of the performance of our
underlying business and accordingly they are non-recurring in nature. These disclosures have
limitations as an analytical tool, should not be viewed as a substitute for net earnings determined
in accordance with GAAP, should not be considered in isolation or as a substitute for analysis of
the Company's results as reported under GAAP, nor are they necessarily comparable to non-
GAAP performance measures that may be presented by other companies. Management believes
that this pro forma supplemental information will be helpful in understanding the Company's
ongoing operating results. This supplemental information should not be construed as an
inference that the Company's future results will be unaffected by simila
r adjustments to net
earnings determined in accordance with GAAP.