EnerSys Announces Incremental Benefits From IRA Section 45X Tax Credits and Increases Adjusted Diluted Earnings Per Share Guidance
EnerSys (ENS)
Last enersys earnings: 2/5 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
investor.enersys.com
Company Research
Source: Business Wire
READING, Pa.--(BUSINESS WIRE)--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial applications, today announced incremental benefits associated with the Advanced Manufacturing Production Credit, part of Section 45X of the Internal Revenue Code (IRC). Based on final regulations for certain direct material input costs recently issued by the U.S. Treasury Department, and subsequent review by EnerSys’ external advisors, the Company has refined its calculations to expand the value of its benefits for tax credits, including credits related to its production of Electrode Active Material.EnerSys estimates the incremental benefits to be approximately $3 million to $4 million per quarter. As a result, EnerSys will record a one-time catch-up adjustment during its fiscal third quarter 2025 of $30 million to $35 million to reflect benefits retroactive to its fiscal fourth quarter of 2023, when the Advanced Manufacturing Production Credit under IRC 45X originally too
Show less
Read more
Impact Snapshot
Event Time:
ENS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ENS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ENS alerts
High impacting EnerSys news events
Weekly update
A roundup of the hottest topics
ENS
News
- Enersys Provides Update on IRC 45X Tax Benefits, Raises Q3 Guidance [Yahoo! Finance]Yahoo! Finance
- EnerSys Announces Incremental Benefits From IRA Section 45X Tax Credits and Increases Adjusted Diluted Earnings Per Share Guidance [Yahoo! Finance]Yahoo! Finance
- EnerSys Wins Prestigious German ESG Transparency Award [Yahoo! Finance]Yahoo! Finance
- EnerSys Wins Prestigious German ESG Transparency AwardBusiness Wire
- EnerSys (NYSE: ENS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
ENS
Earnings
- 11/6/24 - Beat
ENS
Sec Filings
- 12/17/24 - Form 8-K
- 12/5/24 - Form 8-K
- 11/27/24 - Form 4
- ENS's page on the SEC website