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 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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