Exide Technologies Business Report FY2009
|(in thousand dollars)|
|FY2009||FY2008||Rate of change (%)||Factors|
|Sales results in the Transportation segment|
|Transportation European and ROW||824,190||908,085||(9.2)||2)|
-Net sales for fiscal 2009 were $214.0 million, or 18.8%, lower than fiscal 2008 due to the decline in aftermarket and OEM unit sales as well as a $3.9 million unfavorable impact of the lower average price of lead. Third-party lead sales for fiscal 2009 were approximately $62.0 million higher than such third-party sales in fiscal 2008.
-Net sales in fiscal 2009, excluding the favorable impact of $18.4 million in foreign currency translation, decreased by $102.3 million, or 11.3% compared to fiscal 2008. The decrease was primarily due to lower unit sales in the OEM channel, as well as $46.3 million in reduced pricing related to the lower average price of lead.
Contracts-The Company announces another new supply agreement with Toyota Motor Engineering & Manufacturing North America (TEMA). The Company has begun shipping lead-acid starting batteries for the Toyota Highlander, a midsize crossover sport utility vehicle. According to the terms of the supply agreement, the Company is providing TEMA up to 105,000 units of group size 24 starting batteries annually for the U.S.-produced passenger vehicles. The batteries are manufactured at the Company's Bristol, Tennessee facility and shipped directly to the Toyota manufacturing facility in Indiana. (From a press release on Nov. 18, 2009)
Awards-The Company received a 2009 Supplier Diversity Special Recognition Award from Toyota Motor Engineering & Manufacturing North America, Inc. (TEMA). Exide supplies starting batteries to Toyota for its North American-produced Avalon, Camry, Corolla, and Matrix cars, Venza crossover sedans, Highlander and Sequoia sport-utility vehicles and Tundra trucks. (From a press release on March 25, 2010)
Technological Alliance-The Company announced that it has entered into a Cooperative Research and Development Agreement with the U.S. Department of Energy's Savannah River National Laboratory (SRNL) and the University of Idaho to develop and commercialize improvements on lead-acid battery technology. The Company anticipates the alliance to broaden opportunities in new markets for hybrid electric vehicles and renewable energy storage. (From a press release on Jul 13, 2009)
Patent, Trademarks and Licenses-The Company currently owns approximately 281 trademarks and maintains licenses from others to use approximately 19 trademarks worldwide.
-The Company currently owns all or a partial interest in greater than 209 patents and applications for patents pending worldwide.