Exide Technologies Reports Q3 EPS of $.38 vs. $.25

Exide Technologies XIDE announced today its fiscal 2011 third quarter financial results for the period ended December 31, 2010. Fiscal 2011 third quarter consolidated net sales were $800.3 million as compared to net sales of $746.5 million in the fiscal 2010 third quarter. Net sales in the fiscal 2011 period were positively impacted by price increases of $28.4 million resulting from lead escalator agreements, and overall higher unit volumes of $51.2 million. Consolidated net income for the fiscal 2011 third quarter was $31.2 million, or $0.38 per diluted share, compared to net income for the fiscal 2010 third quarter of $9.8 million, or $0.12 per diluted share.