ENERSYS $ENS Q1’27 EARNINGS HIGHLIGHTS 🔹 Revenue: $935.6M (Est. $928M) 🟢; +4.8% YoY 🔹 Adj. EPS: $3.66 (Est. $2.83) 🟢; +64% YoY 🔹 Gross Margin: 33.5%; +510 bps YoY 🔹 EBITDA: $176.1M (Est. $163M) 🟢 FY27 Guide: 🔹 CapEx: ~$70M (Est. $80M) 🔴 Q2 Guide: 🔹 Revenue: $955M-$995M (Est. $975M) 🟡 🔹 Adj. EPS: $3.15-$3.25 (Est. $2.93) 🟢 🔹 IRC 45X Benefits to Cost of Sales: $42M-$47M 🔹 Adj. EPS ex IRC 45X Benefits: $1.95-$2.05 Segment Net Revenue: 🔹 Network & Infrastructure Solutions: $428.3M; +9.4% YoY 🔹 Industrial Mobility Solutions: $406.8M; -3.2% YoY 🔹 Precision Power Solutions: $100.5M; +23.6% YoY Other Q1 Metrics: 🔹 Net Income: $116.5M (Est. $106M) 🟢; +103% YoY 🔹 Operating Income: $151.4M (Est. $143M) 🟢 🔹 Free Cash Flow: $217.8M (Est. $42.5M) 🟢 🔹 Tariff Refunds: $30.9M Comments: 🔸 “Adjusted diluted EPS excluding IRC 45X increased 92% year-over-year, or 42% year-over-year excluding a one-time benefit from tariff refunds” 🔸 “The quarter benefited from improved volumes and favorable price/mix in our NIS and PPS segments, more than offsetting IMS softness from the prolonged material handling market recovery.”