EnerSys Announces Incremental Benefits From IRA Section 45X Tax Credits and Increases Adjusted Diluted Earnings Per Share Guidance [Yahoo! Finance]
EnerSys (ENS)
Last enersys earnings: 2/5 04:15 pm
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Source: Yahoo! Finance
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 took effect. As a result of the incremental benefits, EnerSys is raising its fiscal thi
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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 GuidanceBusiness Wire
- 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