EnerSys posts preliminary financial results

EnerSys, a manufacturer of industrial batteries, has reported expected net earnings for the fourth quarter of 2010, which ended on 31 March, of $17.8m (£12m), or $0.36 per diluted share.

This included an unfavourable $0.09 per share impact from the $4.2m ($6.2m pre-tax) charge for restructuring plans.

This compares with diluted net earnings per share of $0.05 for the fourth quarter of 2009, which included an unfavourable highlighted charge of $0.29 per share or $13.8m ($19.2m pre-tax) for restructuring plans.

Net sales for the fourth quarter of 2010 were $450.5m, an increase of 15 per cent from the fourth quarter of 2009 and a seven per cent sequential quarterly rise from the third quarter of 2010.