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Zurn Elkay Water Solutions Corp - ZWS STOCK NEWS

Welcome to our dedicated news page for Zurn Elkay Water Solutions (Ticker: ZWS), a resource for investors and traders seeking the latest updates and insights on Zurn Elkay Water Solutions.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Zurn Elkay Water Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Zurn Elkay Water Solutions's position in the market.

Rhea-AI Summary
Zurn Elkay Water Solutions (NYSE: ZWS) has been honored with the 2024 Top Workplaces USA award for its exceptional work culture, focusing on attracting and empowering outstanding talent. The company's commitment to providing clean water systems through exceptional people has led to this prestigious recognition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
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Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) demonstrates its commitment to sustainability by publishing its 2023 Sustainability Report, highlighting progress on various environmental initiatives. The company focuses on water stewardship, supplier diversity, waste reduction, and employee engagement, among other targets. Zurn Elkay also expands disclosures with additional key performance indicators and ESG data. Product donations help provide safer drinking water for school children, showcasing the company's community support.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
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Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE:ZWS) reported strong financial performance in the fourth quarter and calendar year 2023. Net sales increased by 5% in Q4, reaching $357 million, with net income from continuing operations of $14 million. For the full year, net sales were $1,531 million, marking a 19% increase from the previous year. Adjusted EBITDA was $340 million for the year, and the company deployed $25 million for share repurchases. The outlook for the first quarter of 2024 is optimistic, with expected low single-digit sales growth and adjusted EBITDA margin between 23.5% and 24.0%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.17%
Tags
earnings
Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) has declared a quarterly common stock dividend of $0.08 per share, payable in cash on March 7, 2024 to stockholders of record as of February 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
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dividends
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Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will hold a conference call and webcast presentation on February 7, 2024, to discuss its fourth quarter and full year 2023 financial results, business update, and investor questions. Chairman and CEO, Todd Adams, and CFO, Mark Peterson, will co-host. The earnings release for the fourth quarter ended December 31, 2023, will be released on February 6, 2024. Access details for the call and webcast are provided, as well as information on accessing the replay.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.23%
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earnings
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Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) has divested four wholly-owned subsidiaries with asbestos liabilities and related assets to Zilco Holdings, Inc. As a result, these liabilities and related insurance assets will not be included in Zurn Elkay's consolidated year-end 2023 balance sheet.
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Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) has launched its first combined lead-, PFOA- and PFOS-reducing filter integrated into Elkay® bottle filling stations and faucets for various applications. The new filter is certified to reduce PFOA and PFOS as well as lead, cysts, Class I particulates, and chlorine taste and odor from drinking water under NSF/ANSI 42 and 53 standards. It also offers environmental benefits by eliminating the use of single-use plastic water bottles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
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Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) has been named one of America’s Most Responsible Companies 2024 by Newsweek and Statista, ranking No. 78 overall and No. 1 in Wisconsin out of 600 companies. This recognition reflects the company's strong ESG efforts and commitment to 'Doing the Right Thing', as stated by Todd A. Adams, Chairman and CEO. The evaluation criteria included 30+ KPIs across the environment, social, and corporate governance pillars, along with a CSR reputation survey of 17,000 U.S. residents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
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Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE:ZWS) reported a 5% decrease in net sales for the third quarter of 2023, reaching $398 million. Net income from continuing operations was $35 million, compared to a net loss of $19 million in the same quarter last year. Adjusted EPS was $0.29, an increase from $0.26 in the year-ago quarter. Adjusted EBITDA was $96 million, representing 24.1% of net sales. The company deployed $13 million to repurchase 0.4 million shares of common stock and increased its quarterly dividend per share by 14% to $0.08 per share. Zurn Elkay Water Solutions Corporation prepaid $60 million of outstanding Term Loan in October. The company expects sales for the fourth quarter to be around $351 million, implying ~6% proforma core organic growth over the prior year fourth quarter. The full-year outlook for net sales is $1.525 billion, with adjusted EBITDA projected to be between $336 million and $338 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
earnings
Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will participate in the Baird 2023 Global Industrial Conference on November 8, 2023.
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Zurn Elkay Water Solutions Corp

NYSE:ZWS

ZWS Rankings

ZWS Stock Data

5.79B
141.34M
3.01%
85.93%
3.36%
Mechanical Power Transmission Equipment Manufacturing
Manufacturing
Link
US
Milwaukee

About ZWS

zurn water solutions is the unrivaled leader in water solutions for health, human safety and the environment. with our ecosystem of products and systems that are at the core of sustainability we deliver solutions that protect human health, conserve resources, and optimize our customers results. water sustains everything. at zurn water solutions we are #sustainablyinspired.