On Tuesday, EnerSys (ENS) announced it has benefited from the Advanced Manufacturing Production Credit, outlined in Section 45X of the Internal Revenue Code (IRC). In light of these advantages, the company has updated its financial projections.
EnerSys now forecasts its adjusted earnings per share for the third quarter to be between $3.00 and $3.10, while projecting full-year 2025 adjusted earnings per share in the range of $9.65 to $9.95.
Previously, EnerSys had guided third-quarter adjusted earnings per share between $2.20 and $2.30, with full-year expectations set between $8.75 and $9.05.
The company anticipates annual tax credits, which will be applied as a reduction to the cost of goods sold and exempt from taxation, to range from approximately $135 million to $175 million. This is an upward revision from the earlier communicated range of $120 million to $160 million.
The material has been provided by InstaForex Company - www.instaforex.com
EnerSys now forecasts its adjusted earnings per share for the third quarter to be between $3.00 and $3.10, while projecting full-year 2025 adjusted earnings per share in the range of $9.65 to $9.95.
Previously, EnerSys had guided third-quarter adjusted earnings per share between $2.20 and $2.30, with full-year expectations set between $8.75 and $9.05.
The company anticipates annual tax credits, which will be applied as a reduction to the cost of goods sold and exempt from taxation, to range from approximately $135 million to $175 million. This is an upward revision from the earlier communicated range of $120 million to $160 million.
The material has been provided by InstaForex Company - www.instaforex.com