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 designs, procures, manufactures and markets specification-driven water management products for public and private spaces. Its portfolio includes professional grade water safety and control products, flow systems, hygienic and environmental products, and filtered drinking water products.
Recurring news for ZWS covers quarterly and annual financial results, core sales trends, operating margin commentary, capital returns through dividends and share repurchases, and updates tied to the Zurn Elkay Business System. Company announcements also include sustainability and climate-recognition items that relate to its water management business and environmental positioning.
Zurn Elkay Water Solutions (NYSE: ZWS) has been recognized as one of America's Greenest Companies 2025 by Newsweek and Plant-A Insights Group. This prestigious ranking showcases the top 500 U.S.-based companies making a positive environmental impact and setting industry standards for eco-conscious practices.
Todd A. Adams, Chairman and CEO, emphasized the company's commitment to sustainability, stating that their business strategy and sustainability efforts are increasingly aligned. The recognition highlights Zurn Elkay's focus on:
- Providing cleaner, safer drinking water
- Prioritizing people, values, and communities
- Helping customers meet sustainability goals through water conservation and management
- Implementing sustainable practices within the company
The ranking was based on comprehensive analysis of public data, evaluating companies on over 25 parameters related to GHG emissions, water usage, waste generation, and sustainability commitments.
Zurn Elkay Water Solutions (NYSE:ZWS) reported strong second quarter 2024 financial results. Key highlights include:
- Net sales increased to $412 million, up 2% from $403 million in Q2 2023
- Net income from continuing operations rose to $45 million (EPS of $0.26), compared to $33 million (EPS of $0.19) last year
- Adjusted EPS improved to $0.33 from $0.24 year-over-year
- Adjusted EBITDA grew 20% to $104 million (25.3% of net sales) from $87 million (21.6% of net sales)
- Net debt leverage reduced to 0.9x
- Repurchased 1.9 million shares for $61 million
The company raised its full-year adjusted EBITDA margin expansion guidance to 200-250 basis points and expects free cash flow to exceed $250 million.
Zurn Elkay Water Solutions (NYSE: ZWS) has announced a quarterly cash dividend of $0.08 per share. The dividend will be paid on September 6, 2024 to stockholders of record as of August 20, 2024. Zurn Elkay, headquartered in Milwaukee, WI, is a growth-oriented, pure-play water management business that has been named one of America's Most Responsible Companies 2024 by Newsweek for the fourth consecutive year. The company designs, procures, manufactures, and markets a broad portfolio of sustainable water management solutions, including professional grade water safety and control products, flow systems products, hygienic and environmental products, and filtered drinking water products for public and private spaces.
Zurn Elkay Water Solutions (NYSE: ZWS) has announced its upcoming second quarter 2024 earnings release and investor conference call. The company will release its financial results for the quarter ended June 30, 2024, after market close on Tuesday, July 30, 2024. The investor conference call and webcast are scheduled for Wednesday, July 31, 2024, at 7:30 a.m. Central Time.
Chairman and CEO Todd Adams and CFO Dave Pauli will co-host the call, providing a general business update and addressing investor questions. Investors can access the call via domestic toll-free number (800-715-9871) or international toll number (646-307-1963) using the access code 6071902. A live webcast will also be available on the company's investor relations website.
Zurn Elkay Water Solutions (NYSE: ZWS) has promoted Dave Pauli to Chief Financial Officer, while Mark Peterson transitions to Chief Administrative Officer. Pauli, who joined the company in 2012, will now oversee all financial operations, including planning, analysis, treasury, reporting, tax, internal audit, and investor relations. Peterson, the former CFO since 2011, will manage human resources, enterprise risk, real estate, facilities management, and environmental health and safety. CEO Todd A. Adams cited the leadership and succession planning as key factors for a smooth transition. The company also hinted that its second-quarter results are in-line or slightly ahead of expectations, with detailed reporting scheduled for July 31, 2024.
Zurn Elkay Water Solutions (NYSE: ZWS) has declared a quarterly cash dividend of $0.08 per share, payable on June 7, 2024, to stockholders of record as of May 20, 2024.
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