Welcome to our dedicated page for Zurn Elkay Water Solutions news (Ticker: ZWS), a resource for investors and traders seeking the latest updates and insights on Zurn Elkay Water Solutions stock.
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) is a pure-play water management company headquartered in Milwaukee, Wisconsin, with a specification-driven portfolio of products focused on health, hydration, human safety and the environment. This news page aggregates updates and announcements related to Zurn Elkay’s operations, financial performance, sustainability recognition and product developments.
Investors following ZWS can find earnings-related news, including quarterly financial results and outlook commentary that the company furnishes through earnings releases and Form 8-K filings. These items cover metrics such as net sales, income from operations, adjusted EBITDA and free cash flow, as well as management’s discussion of business conditions and expectations. The company also issues press releases about quarterly cash dividend declarations on its common stock.
Beyond financial results, Zurn Elkay publishes news on corporate recognition and sustainability achievements. Recent communications highlight the company being named one of America’s Climate Leaders by USA TODAY and Statista, inclusion on TIME’s lists such as America’s Growth Leaders and World’s Best Companies for Sustainable Growth, and recognition by Newsweek as one of America’s Most Responsible Companies and one of America’s Greenest Companies.
The news flow also includes product and partnership announcements, such as the launch of the Elkay Liv EZ built-in filtered water dispenser for home use and donations of Elkay filtered bottle filling stations and filters to school districts like Erie’s Public Schools. These stories illustrate how Zurn Elkay applies its water safety, control, flow systems and filtered drinking water products in real-world settings.
For readers tracking ZWS, this page offers a centralized view of the company’s press releases, from earnings calls and dividend decisions to sustainability milestones and hydration product initiatives.
Zurn Water Solutions Corporation (NYSE: ZWS) will participate in the Baird 2021 Global Industrial Conference on November 9, 2021. Based in Milwaukee, Zurn specializes in sustainable water solutions, offering a diverse product portfolio aimed at improving health, safety, and environmental conditions. The company focuses on water control, distribution, drainage, and plumbing products for various spaces.
Zurn emphasizes the potential for future growth, while cautioning that forward-looking statements involve risks and uncertainties.
Zurn Water Solutions Corporation (NYSE:ZWS) reported third quarter net sales of $557 million, reflecting a 9% core sales growth compared to last year. Net income rose to $64 million, with diluted EPS of $0.51. Adjusted EBITDA was $128 million, or 23% of net sales. The company anticipates a strong fourth quarter, expecting total sales growth of high teens percentage and an Adjusted EBITDA margin between 24% and 24.5%. Zurn's successful spin-off from Rexnord positions it as a leading water solutions provider, aiming for double-digit core growth in 2022.
Zurn Water Solutions Corporation (NYSE: ZWS) has declared a quarterly dividend of $0.03 per share, payable on December 7, 2021, to shareholders on record as of November 19, 2021. This decision by the Board of Directors reflects the company's commitment to increasing shareholder value, backed by strong cash flow and low leverage. Zurn aims to balance dividend payments with investments in organic growth and strategic acquisitions to enhance its market position.
Zurn Water Solutions Corporation (NYSE: ZWS) will host a conference call on October 27, 2021, at 7:00 a.m. Central Time to discuss its financial results for Q3 2021, which will be released on October 26, 2021. The call will be led by Chairman and CEO Todd Adams and CFO Mark Peterson. Investors can access the call via telephone or through a live webcast on the company’s investor relations website. A replay will also be available after the live event until November 3, 2021.
Zurn Water Solutions Corporation (NYSE: ZWS) has successfully completed a spin-off of its Process & Motion Control business in a Reverse Morris Trust transaction. As a result, Zurn is now a standalone company focusing solely on water solutions, with shares trading under the ticker symbol 'ZWS.' The company aims to address global water challenges with innovative technologies, enhancing safety, conservation, and efficiency. Stockholders received 0.22296103 shares of Regal common stock for each share of ZWS. Zurn emphasizes sustainability and value creation for stakeholders.
Regal Rexnord Corporation announced the completion of its merger with Rexnord Corporation's Process & Motion Control Business, enhancing its industrial power transmission capabilities. The merger, effective October 5, 2021, positions Regal to realize significant synergies, projected at $120 million over three years, and aims for adjusted EBITDA exceeding $1 billion for 2022. Regal will now focus on energy-efficient products, benefiting from a broader market reach and enhanced digital capabilities. Shareholders will receive a special cash dividend of $6.99 per share, amounting to approximately $284 million.
Regal Beloit Corporation (NYSE: RBC) and Rexnord Corporation (NYSE: RXN) announced the anticipated completion of their merger on October 4, 2021, via a Reverse Morris Trust transaction. Post-merger, Regal will be rebranded as Regal Rexnord Corporation trading under the symbol RRX, while Rexnord will become Zurn Water Solutions Corporation trading under ZWS. Both companies aim to enhance their operational efficiencies and market positions through this strategic alliance. Further details will be provided in the coming weeks.