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.
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Zurn Elkay Water Solutions Corporation (NYSE: ZWS) reported a robust 55% increase in net sales for the first quarter of 2023, reaching $372 million compared to $240 million in Q1 2022. However, net income declined to $23 million, with diluted EPS at $0.13, down from $0.23 year-over-year. Adjusted EBITDA was $72 million (19.5% of net sales), a decrease from 21.7% in the previous year due to higher non-cash compensation and depreciation costs. The company remains committed to $100 million in share repurchases and has achieved $37 million thus far. For the second quarter, ZWS expects sales in the range of $385 million to $395 million, with adjusted EBITDA margins projected between 21.0% and 21.5%. Despite the solid sales growth, the decrease in income and margins could raise concerns among investors regarding profitability.
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will hold a conference call on April 26, 2023, at 7:30 a.m. Central Time to discuss its first quarter 2023 financial results and business updates. The earnings release will be available after market close on April 25, 2023. Participants can join via domestic toll-free and international numbers, with a live webcast accessible on the company’s investor relations website. A replay will be available until May 3, 2023. Zurn Elkay is headquartered in Milwaukee, Wisconsin, and focuses on water solutions to enhance health and safety, offering a diverse product portfolio for various applications.