November 16, 2025: EnerSys has posted a slight uptick in second-quarter sales but remains “cautious” about the near-term — after earlier announcing job cuts as part of a major restructuring plan.

The US-based battery giant said in the summer it was axing 575 non-production jobs as part of a move to achieve $80 million in annualized savings.

But CEO Shawn O’Connell said on November 5 an 8% increase in net sales for the second quarter of fiscal 2026 reflected solid execution and a commitment to continuous improvement and collaboration across the organization.

“As we navigate the current environment of mixed end-market demand trends, we are optimistic but cautious about the near-term outlook,” O’Connell said.

“We expect to see increasing benefits from our cost reduction initiatives and targeted new product introductions in the coming quarters. At the same time, we are right-sizing the organization in order to generate meaningful reductions in operating expenses.”

Batteries International reported in May that EnerSys stock had lost and regained $900 million in the marketplace over a three-month period amid a flurry of US trade tariff announcements.

That came after EnerSys announced the closure of its flooded lead acid battery manufacturing facility in Monterrey, Mexico and a production switch to its existing Kentucky plant, while expanding capacity in the US and Europe.

However, in June, the company formally opened its expanded US Sumter plant, as it grew investment in TPPT (thin plate pure lead), flooded lead and lithium ion batteries.