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Enersys Power / Full Soluti EnerSys Reports First Quarter Fiscal 2022 Results August 11 , 2021 READING , Pa . , Aug. 11 , 2021 ( GLOBE NEWSWIRE ) -- EnerSys ( NYSE : ENS ) , the global leader in stored energy solutions for industrial applications , announced today results for its first quarter of fiscal 2022 , which ended on July 4 , 2021 . First Quarter FY 22 Highlights • Net sales of $ 815M up 16 % vs. Q1'21 • Q1'22 backlog growth of $ 157M • GP 24 % includes recent inflation pressure ● Supply chain slowed Q1 shipments and earnings Energy Systems Net Sales Operating Earnings Adjusted Operating Earnings * Motive Power Net Sales Operating Earnings Adjusted Operating Earnings Specialty Net Sales * • Credit Facility amended and extended to 2026 • Bank debt leverage at 1.95X • TPPL capacity of $ 300M per quarter on track • Solid progress on new product initiatives * Key Results from Operations by Segments ( $ in millions ) $ Q1 FY22 371.2 $ 7.1 13.1 336.1 50.6 50.6 107.6 11.0 11.4 Q1 FY21 353.4 22.0 28.1 262.8 27.3 27.3 88.7 5.3 5.8 % Change 5.0 % ( 67.8 ) ( 53.6 ) 27.9 85.6 85.6 21.3 109.5 98.7 Operating Earnings Adjusted Operating Earnings * This is a non - GAAP financial measure . See " Reconciliation of Non - GAAP Financial Measures " for more information . Message from the CEO We delivered a solid Q1 , with extremely strong demand for our products and services throughout each of our business segments . Revenue was up 16 % vs last year , but perhaps more importantly , up more than 4 % from two years ago , with quarterly backlog growth of $ 157M . Like many industrial companies , we are facing supply chain challenges that are restraining revenue and earnings growth , especially in our first half of F22 . While we are being cautious due to the fluidity of lingering COVID impacts , we remain optimistic that consistently robust orders , a strong backlog , recent pricing actions and a steadily improving supply chain will sequentially benefit our second half . We expect our adjusted diluted earnings per share to be between $ 1.03 and $ 1.13 in our second fiscal quarter with sequential impacts from the acceleration of investment in our new EV fast charging program along with our global annual wage increases moving from April 1 to July 1 . David M. Shaffer , President and Chief Executive Officer , EnerSys Net earnings attributable to EnerSys stockholders ( " Net earnings " ) for the first quarter of fiscal 2022 was $ 43.9 million , or $ 1.01 per diluted share , which included an unfavorable highlighted net of tax impact of $ 10.5 million , or $ 0.24 per diluted share , from highlighted items described in further detail in the tables shown below , reconciling non - GAAP adjusted financial measures to reported amounts . Net earnings for the first quarter of fiscal 2021 was $ 35.2 million , or $ 0.82 per diluted share , which included an unfavorable highlighted net of tax impact of $ 4.2 million , or $ 0.10 per diluted share from highlighted items described in further detail in the tables shown below , reconciling non - GAAP adjusted financial measures to reported amounts . Excluding these highlighted items , adjusted Net earnings per diluted share for the first quarter of fiscal 2022 , on a non - GAAP basis , were $ 1.25 , which met the guidance of $ 1.15 to $ 1.25 per diluted share for the first quarter given by the Company on May 26 , 2021. These earnings compare to the prior year first quarter adjusted Net earnings of $ 0.92 per diluted share . Please refer to the section included herein under the heading " Reconciliation of Non - GAAP Financial Measures " for a discussion of the Company's use of non - GAAP adjusted financial information , which includes tables reconciling GAAP and non - GAAP adjusted financial measures for the quarters ended July 4 , 2021 and July 5 , 2020 . Net sales for the first quarter of fiscal 2022 were $ 814.9 million , an increase of 15.6 % from the prior year first quarter net sales of $ 704.9 million and