Earnings Per Share
The following table sets forth the reconciliation from basic to diluted weighted-average number of common shares outstanding and the calculations of net earnings per common share attributable to EnerSys stockholders.
 
 Fiscal year ended March 31,
 202620252024
Net earnings attributable to EnerSys stockholders$293,557 $363,735 $269,096 
Weighted-average number of common shares outstanding:
Basic37,439,727 39,760,829 40,669,392 
Dilutive effect of:
Common shares from exercise and lapse of equity awards, net of shares assumed reacquired704,483 677,750 702,047 
Diluted weighted-average number of common shares outstanding38,144,210 40,438,579 41,371,439 
Basic earnings per common share attributable to EnerSys stockholders$7.84 $9.15 $6.62 
Diluted earnings per common share attributable to EnerSys stockholders$7.70 $8.99 $6.50 
Anti-dilutive equity awards not included in diluted weighted-average common shares420,769 551,411 356,893 

Historical Timeline

Fiscal YearFiled
2026May 20, 2026Showing above
2025May 21, 2025
2024May 22, 2024
2023May 24, 2023
2022May 25, 2022
2021May 26, 2021
2020Jun 1, 2020
2019May 29, 2019
2018May 30, 2018
2017May 30, 2017
2016May 31, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.