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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 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.
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3.36%
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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 Corporation increases quarterly dividend by 14%.
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Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will hold a conference call and webcast presentation on November 1, 2023, to discuss its third quarter 2023 financial results and provide a general business update.
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0.82%
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Zurn Elkay donates $2.2 million of Elkay drinking water filters to support MPS and the City of Milwaukee’s ongoing commitment to providing safer, cleaner drinking water.
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0.55%
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7.53%
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BMO provides its new Sustainability-Linked Deposit (SLD) product to Zurn Elkay Water Solutions, linking interest to sustainability targets. BMO offers SLDs, Sustainability-Linked Loans, Bonds, and Derivatives to support clients' sustainability goals. Zurn Elkay aims to reduce greenhouse gas intensity by 50% by 2030. BMO is recognized for its sustainability leadership and is carbon neutral since 2010.
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0.95%
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Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will discuss its second quarter 2023 financial results and provide a general business update in a conference call and webcast on July 25, 2023, at 7:30 a.m. Central Time. Chairman and CEO, Todd Adams, and CFO, Mark Peterson, will co-host. The earnings release for the second quarter ended June 30, 2023, will be released on July 24, 2023, after market close.
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0.3%
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Zurn Elkay Water Solutions Corp

NYSE:ZWS

ZWS Rankings

ZWS Stock Data

5.52B
143.25M
3.01%
85.69%
3.13%
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.