Enersys Provides Update on IRC 45X Tax Benefits, Raises Q3 Guidance [Yahoo! Finance]
EnerSys (ENS)
Last enersys earnings: 2/5 04:15 pm
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Source: Yahoo! Finance
the impact of incremental benefits related to the Advanced Manufacturing Production Credit - Section 45X of the Internal Revenue Code. The company expects that the U.S. Treasury Department's final regulations for certain direct material input costs will result in higher benefits associated with the tax credits. The company currently anticipates annual tax credits, which are noted as a decrease in the cost of goods sold, to be in the band of $135-$175 million. This reflects an annual increase of about $15 million to its expected tax credits from its previously projected annual range of $120-$160 million. Considering impacts from the incremental benefits, Enersys currently anticipates generating an adjusted EPS between $3.00 and $3.10 for third-quarter fiscal 2025. This includes an adjustment related to the retroactive impacts of the incremental IRC 45X tax benefits. The figure compares favorably with the previously estimated range of $2.20-$2.30. For fiscal 2025, EnerSys raised i
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News
- EnerSys Announces Incremental Benefits From IRA Section 45X Tax Credits and Increases Adjusted Diluted Earnings Per Share 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