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.
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Zurn Elkay Water Solutions Corporation (NYSE:ZWS) reported strong financial results for Q4 2022, with net sales up 46% to $340 million. The increase was primarily driven by acquisitions. Net income rose to $10 million from $3 million, yielding a diluted EPS of $0.06. Despite a 3% decline in core sales due to reduced residential demand, adjusted EBITDA increased to $65 million, representing 19% of net sales. The company announced a $500 million share repurchase plan amid expectations of $1.5 billion to $1.55 billion in total sales for 2023. Strong demand in non-residential markets and declining commodity costs are expected to bolster margins moving forward.
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) has declared a quarterly dividend of $0.07 per share, to be paid on March 7, 2023, to shareholders on record as of February 21, 2023. This dividend reflects the company's ongoing commitment to returning value to its stakeholders while maintaining its focus on sustainable water solutions. Based in Milwaukee, Wisconsin, Zurn Elkay provides a diverse range of water-related products aimed at enhancing health and safety.
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will host a conference call on February 8, 2023, at 7:30 a.m. Central Time to discuss its fourth quarter 2022 financial results and provide a business update. The earnings release will be available after market close on February 7, 2023. Interested participants can access the call via domestic toll-free at 888-510-2359 or internationally at 646-960-0215. A replay will be available until February 15, 2023. Based in Milwaukee, Wisconsin, Zurn Elkay specializes in sustainable water solutions for various applications.
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Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will participate in the Baird 2022 Global Industrial Conference on November 9, 2022. Headquartered in Milwaukee, Wisconsin, Zurn Elkay focuses on sustainable water solutions that enhance health and safety. Their extensive product line includes water control, distribution, drainage, and other plumbing solutions for various public and private spaces. The company emphasizes a commitment to sustainability and growth in the water sector. For more information, visit www.zurn-elkay.com.
Zurn Elkay Water Solutions Corporation (NYSE:ZWS) reported third-quarter 2022 results, showing a significant 82% increase in net sales to $418 million from $230 million year-over-year. The net loss from continuing operations was $(19) million (diluted EPS of $(0.11)), compared to income of $16 million (diluted EPS of $0.13) last year. Adjusted EPS rose to $0.26 from $0.19. EBITDA was $84 million (20.0% of net sales), and net debt leverage stood at 1.6x. Looking ahead, the company expects sales in Q4 between $350 million and $365 million, anticipating challenges in the residential sector.
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) has declared a quarterly common stock dividend of $0.07 per share. This dividend is payable on December 7, 2022, to stockholders of record as of November 18, 2022. The company focuses on sustainable water solutions, emphasizing health, hydration, and safety. Zurn Elkay is headquartered in Milwaukee, Wisconsin, and aims to provide a wide range of products for water management in both public and private spaces.
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will hold a conference call on October 26, 2022 at 7:30 a.m. CT to discuss its third quarter 2022 financial results and answer investor questions. The earnings release for the quarter ending September 30, 2022 will be published after market close on October 25, 2022. Interested parties can join via phone or access the live webcast on the company's investor relations website. A replay will be available until November 2, 2022.
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%.