EnerSys revised earnings guidance for the first quarter of 2018. For the quarter, the company cut its EPS estimate to $1.10 - $1.14 from $1.21 - $1.25, less an expected charge of $0.04 from its restructuring programs and $0.01 from acquisition expenses, due to recent price increases taking longer to be fully effective, as well as its sequential commodity cost pressure being greater than originally estimated. Forecasts were for $1.23 normalized and $1.22 GAAP. It anticipates gross profit rate in first fiscal quarter will decline to approximately 26% from the higher lead costs, while interest expense will be approximately $5.5 million.

The company believes future full year tax rate should be in the 23% to 24% range.