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 Elkay Water Solutions Corporation (NYSE: ZWS) reported strong second-quarter 2022 results, with net sales rising 17% to $284 million year-over-year. Net income from continuing operations reached $36 million, representing diluted EPS of $0.28. Adjusted EPS was reported at $0.32. The company's successful merger with Elkay Manufacturing is expected to double business size over the next few years, aiming for $50 million in synergies by 2025. The Q3 outlook anticipates high-teens sales growth and an Adjusted EBITDA margin between 21% and 22%.
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) announced a quarterly dividend of $0.07 per share, payable on September 7, 2022, to stockholders on record by August 19, 2022. This represents more than a twofold increase from their initial quarterly dividend, demonstrating the company's commitment to shareholder value. According to CEO Todd A. Adams, strong cash flow and low leverage enable continued dividend payments while supporting organic growth and strategic acquisitions.
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will host a conference call on July 27, 2022, at 7:30 a.m. CT to discuss its second quarter 2022 financial results and provide a business update. The earnings release will be available after market close on July 26, 2022. Investors can access the call via telephone or through a live webcast on the company's investor relations website. A replay will be available until August 3, 2022. Zurn Elkay focuses on sustainable water solutions, offering a broad range of products.
Zurn Water Solutions Corporation (NYSE: ZWS) has successfully merged with Elkay Manufacturing Company, enhancing its position in the commercial drinking water solutions market. This merger, aimed at creating value for stakeholders, will leverage Elkay's strong brand and product offerings. Elkay shareholders will own approximately 29% of the combined entity. The integration is projected to generate $50 million in synergies, enabling Zurn Elkay to advance sustainability initiatives while reducing costs. The company continues to operate from its Milwaukee headquarters under the leadership of Todd A. Adams.
Zurn Water Solutions Corporation (NYSE: ZWS) announced that stockholders approved the issuance of shares necessary to complete its combination with Elkay Manufacturing Company. Elkay stockholders will receive up to 52.5 million new Zurn shares. Additionally, Zurn's stockholders voted to increase the number of shares available for the Performance Incentive Plan by 1.5 million. The transaction is expected to close early in Q3, aligning with ongoing integration planning efforts aimed at realizing significant synergies.
Zurn Water Solutions Corporation (NYSE: ZWS) will participate in the KeyBanc Capital Markets' 2022 Industrials & Basic Materials Conference on June 1, 2022. Headquartered in Milwaukee, Wisconsin, Zurn is a growth-oriented water business offering a comprehensive range of solutions focused on health, safety, and environmental sustainability. The company's portfolio includes water control, distribution, drainage, and plumbing products. For more information, visit www.zurnwatersolutions.com.
Zurn Water Solutions Corporation (NYSE: ZWS) announced a quarterly common stock dividend of $0.03 per share, payable on June 7, 2022, to shareholders of record as of May 20, 2022. Following the completion of the Elkay Manufacturing transaction, the Board plans to increase the dividend to $0.07 per share. This move reflects Zurn's commitment to enhancing shareholder returns and positioning itself as a growth-oriented water solutions provider.
Zurn Water Solutions Corporation (ZWS) reported a strong first quarter with net sales increasing 17% to $240 million, driven by 15% core sales growth. Net income rose to $29 million, yielding a diluted EPS of $0.23, up from $10 million and $0.08 in the prior year. Adjusted EBITDA was $52 million, equating to 21.7% of net sales. The company announced a merger with Elkay Manufacturing, expected to close in Q3 2022, enhancing its product offerings and growth strategy. Guidance for Q2 projects low to mid-teen sales growth with stable adjusted EBITDA margins.
Zurn Water Solutions Corporation (NYSE: ZWS) will host a conference call on April 27, 2022 at 7:30 a.m. Central Time to discuss its Q1 2022 financial results and answer investor questions. The earnings release will be available after the market closes on April 26, 2022. The call will be led by CEO Todd Adams and CFO Mark Peterson. Interested participants can access the call via phone or through a livestream on the company's investor relations website. A replay of the conference will be available until May 4, 2022.
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