EnerSys (NYSE:ENS) Q2 2024 Earnings Conference Call November 9, 2023 9:00 AM ET

Company Participants

Lisa Hartman - VP of IR

David Shaffer - President and CEO

Andrea Funk - EVP and CFO

Conference Call Participants

Noah Kaye - Oppenheimer and Company

Brian Drab - William Blair

Greg Wasikowski - Webber Research and Advisory LLC

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Q2 Fiscal Year 2024 EnerSys Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to turn the conference over to Lisa Hartman Vice President of Investor Relations.

Lisa Hartman

Good morning, everyone. Thank you for joining us today to discuss EnerSys second quarter fiscal 2024 results. On the call with me today are David Shaffer, EnerSys' President and Chief Executive Officer, and Andrea Funk, EnerSys' Executive Vice President and Chief Financial Officer. Last evening, we published our second quarter results and filed our 10-Q with the SEC, which are available on our website. We also posted slides that we will be referencing during this call. The slides are available on the Presentations page within the Investor Relations section of our website. As a reminder, we will be presenting certain forward-looking statements on this call that are subject to uncertainties and changes in circumstances. Our actual results may differ materially from those forward-looking statements for a number of reasons.

These statements are made only as of today. For a list of forward-looking statements and factors which could affect our future results, please refer to our recent 10-Q filed with the SEC. In addition, we will be presenting certain non-GAAP financial measures, particularly concerning our adjusted consolidated operating earnings performance, free cash flow adjusted diluted earnings per share, and adjusted EBITDA, which excludes certain items. For an explanation of the difference between the GAAP and non-GAAP financial metrics, please see our company's Form 8-K, which includes our press release dated November 8 2023.

Now I'll turn the call over to EnerSys' President and CEO, Dave Shaffer.

David Shaffer

Thank you, Lisa, and good morning.

We delivered solid results in the second quarter, achieving record gross margins as we continue to hold price, a reflection of the strong customer value of our solutions. We are executing our strategy for long-term growth, which resulted in impressive operating earnings, EBITDA, and EPS expansion and we continue to maintain a healthy balance sheet with another quarter of significant operating and free cash flow generation.