Zurn Elkay Water Solutions Corporation

ZWS

Equity

ISIN US98983L1089 / Valor 113793937

New York Stock Exchange, Inc (2024-12-23)

USD 37.48%

Zurn Elkay Water Solutions Corporation
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About company

Zurn Elkay Water Solutions Corporation is a company with a long history of providing clean water solutions that prioritize health, hydration, conservation of natural resources, and safety. Their brands are known for delivering safety, reliability, quality, and performance while also focusing on minimizing total cost of ownership and environmental impact. With a strong emphasis on promoting health and sustainability, Zurn Elkay Water Solutions Corporation is dedicated to providing innovative water solutions for their customers.

Summarized from source with an LLMView SourceSector: Industrials

Net Sales Growth

Zurn Elkay Water Solutions Corporation reported net sales of $410 million for the third quarter of 2024, marking a 3% increase compared to $398 million in the same quarter of the previous year. This growth was achieved despite a 100 basis point impact from the planned exit of certain residential sink products.

Income and Earnings

The company recorded a net income from continuing operations of $44 million for the third quarter of 2024, with a diluted EPS of $0.25. This is an improvement from the net income of $35 million and diluted EPS of $0.20 reported in the third quarter of 2023.

Adjusted Financial Metrics

Zurn Elkay Water Solutions Corporation's adjusted EPS for the third quarter of 2024 was $0.34, up from $0.29 in the same period last year. Additionally, the adjusted EBITDA was $105 million, representing 25.6% of net sales, compared to $96 million or 24.1% of net sales in the third quarter of 2023.

Dividend and Share Repurchase

The company increased its quarterly dividend by 13% to $0.09 per share during the third quarter of 2024. Furthermore, Zurn Elkay Water Solutions deployed $50 million to repurchase 1.6 million shares of common stock in the quarter.

Fourth Quarter Outlook

For the fourth quarter of 2024, Zurn Elkay Water Solutions Corporation anticipates core net sales to grow in the low single digits, with adjusted EBITDA expected to be between $88 million and $90 million. The company has also raised its full-year adjusted EBITDA margin expansion guidance to 250 to 270 basis points.

Summarized from source with an LLMView Source

Key figures

25.2%1Y

3.91%3Y

13.4%5Y

Performance

25.0%1Y

33.6%3Y

50.7%5Y

Volatility