EnerSys​ (ENS) has reported a 5.97 percent fall in profit for the quarter ended Jan. 01, 2017. The company has earned $36.20 million, or $0.82 a share in the quarter, compared with $38.50 million, or $0.86 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $52 million, or $1.18 a share compared with $41.50 million or $0.92 a share, a year ago.

Revenue during the quarter went down marginally by 1.73 percent to $563.70 million from $573.60 million in the previous year period. Gross margin for the quarter expanded 224 basis points over the previous year period to 27.66 percent. Total expenses were 90.23 percent of quarterly revenues, down from 90.32 percent for the same period last year. This has led to an improvement of 10 basis points in operating margin to 9.77 percent.

Operating income for the quarter was $55.10 million, compared with $55.50 million in the previous year period.

"I am pleased with the results of the third quarter," stated David M. Shaffer,president and chief executive officer of EnerSys. "Despite the sequential increase in commodity costs, we experienced third quarter records in adjusted gross profit percentage and earnings per share. I am looking forward to our February 28, 2017, Investor Day at The New York Stock Exchange where we will highlight our accomplishments and strategic goals, Lean initiatives, Product Roadmap, Asia growth opportunities and M&A and financial strategies. Our fourth quarter guidance for non-GAAP adjusted Net earnings per share is $1.19 to $1.23, which excludes an expected charge of $0.03 from our restructuring programs and $0.01 from acquisition expenses."

For the fourth-quarter 2017, On an adjusted basis, EnerSys expects diluted earnings per share to be in the range of $1.19 to $1.23.