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.
Overview
Zurn Elkay Water Solutions Corp (symbol: ZWS) is a comprehensive provider of clean water solutions, specializing in drinking water, hygiene, and sustainable water management systems. Leveraging advanced engineering and production capabilities, the company delivers an ecosystem of products that are integral to maintaining human health, safety, and environmental sustainability. With an emphasis on professional-grade water control, sustainable water management, and infection prevention, ZWS ensures that the infrastructure for water distribution and control meets rigorous industry standards, making it a key entity within the water solutions market.
Mission and Core Business
Zurn Elkay Water Solutions is dedicated to designing, procuring, manufacturing, and marketing a comprehensive range of clean water solutions that serve both public and private sectors. The company prioritizes the health and safety of its communities by offering products that facilitate optimal water distribution, drainage, and control. Through a commitment to sustainability, the company not only addresses everyday water management challenges but also fosters long-term environmental stewardship by conserving resources and enhancing human safety.
Product Portfolio and Technological Innovation
At the heart of ZWS’s business is an extensive portfolio of water management products. The company’s offerings include:
- Water Control and Safety Systems: Engineered to manage water flow and ensure health safety in ecclesiastical, institutional, and commercial applications.
- Water Distribution and Drainage Solutions: Designed to facilitate the efficient routing, draining, and distribution of water in varied infrastructural settings.
- Finish Plumbing and Hygienic Solutions: Tailored for environments that demand meticulous standards in drinking water quality and hygiene.
- Environmental and Site Work Products: Engineered components that integrate seamlessly into both public facilities and private developments, supporting a holistic approach to water and waste management.
This diversified product array is developed using innovative technologies that are crucial in today’s complex regulatory and environmental landscape, emphasizing both accuracy and durability in water management solutions.
Market Position and Competitive Landscape
Operating in a competitive industry, Zurn Elkay Water Solutions stands out through its meticulous integration of sustainable practices with technical expertise. Rather than focusing solely on volume, the company addresses a broad spectrum of client needs by providing customized systems that respond to distinct safety, hygiene, and performance requirements. This ability to offer tailored water solutions establishes ZWS as an essential partner for communities, institutions, and commercial centers aiming to enhance operational capability without compromising on environmental responsibility.
Commitment to Quality, Safety, and Sustainability
ZWS is firmly grounded in the principle that water sustains every dimension of human activity, and its products are developed with a commitment to quality and safety. The company places a high premium on resource conservation and environmental stewardship, ensuring its manufacturing processes and product designs contribute to a more sustainable future. This commitment is evidenced by a robust quality control system and a product development strategy that continuously adapts to evolving industry standards and regulatory requirements.
Customer Segments and Applications
Serving a global and diverse clientele, Zurn Elkay Water Solutions caters to a wide array of applications across both public and private sectors. Its markets include:
- Institutional and healthcare facilities, where stringent hygiene and safety standards are critical.
- Commercial and industrial setups that require robust water distribution and drainage systems.
- Residential developments, ensuring that quality drinking water and reliable plumbing solutions are accessible in private spaces.
- Municipal projects, where integrated water management solutions support the broader community infrastructure.
By addressing the unique challenges inherent to each segment, the company maintains a versatile yet focused approach, ensuring that every component of its technical offering is optimized for performance and longevity.
Operational Excellence and Industry Expertise
Zurn Elkay Water Solutions leverages decades of industry experience to ensure that every product meets high technical and operational standards. The company’s strategy revolves around continuous innovation, efficient manufacturing processes, and meticulous quality assurance protocols. This operational rigor not only reinforces its market position but also highlights its expertise in addressing complex water management challenges. Detailed process documentation and advanced engineering reflect the company’s commitment to delivering products that are both reliable and effective, further solidifying its reputation for technical excellence.
Integration in the Sustainable Ecosystem
The company’s approach to water solutions is deeply intertwined with a commitment to sustainability. Recognizing that water is essential to human life and the environment, ZWS has developed an eco-conscious product range that supports conservation efforts while optimizing the system performance. Products and systems are designed to reduce wastage, enhance efficiency, and integrate seamlessly with broader water conservation strategies. This sustainable ethos not only benefits end users but also contributes to the long-term environmental goals vital for community resilience and infrastructural integrity.
Industry Dynamics and Strategic Value
In an era of heightened emphasis on environmental safety and public health, Zurn Elkay Water Solutions occupies a crucial role in an interconnected industry landscape. Its strategy of combining technological innovation with sustainable practices addresses critical industry challenges, such as water scarcity, regulatory compliance, and infrastructural modernization. By delivering products that are effective, reliable, and adaptable, the company continually reinforces its value proposition and its strategic relevance in public safety and water resource management. Through dedicated research and product development, ZWS not only sets industry benchmarks but also provides an invaluable asset to communities and industries that depend on sustainable water management solutions.
Conclusion
Overall, Zurn Elkay Water Solutions Corp stands as a significant entity within the water solutions industry. Its comprehensive suite of products, commitment to sustainability, and rigorous operational standards make it a foundational partner for a wide spectrum of infrastructural applications. With proven expertise in designing and executing clean water systems, the company continues to provide essential water management solutions that prioritize human safety, resource conservation, and environmental stability.
Zurn Elkay Water Solutions (NYSE: ZWS) has released its 2024 Sustainability Report, marking the beginning of its 125th anniversary celebration. The company reported significant environmental achievements, including saving 32.5 billion gallons of water and preventing the use of 19 billion single-use plastic bottles in 2024.
Key highlights include a 23% reduction in energy intensity from its 2021 baseline, exceeding their 15% target for 2024, and a 38% reduction in GHG intensity, progressing toward their 2030 goal of 50%. The company launched innovative solutions including a Total Cost of Ownership Calculator and new filtered water products.
More than 86% of Zurn Elkay's revenue comes from water conservation and protection products. The company invested $1.3 million in philanthropic giving, including the Fountains for Youth program, benefiting over a million students. They also advocated for filter-first legislation in several states to ensure K-12 students have access to clean, filtered drinking water.
Zurn Elkay Water Solutions (NYSE:ZWS) announced the pricing of a public offering by Ice Mountain , a former Elkay stockholder, of 7,750,000 shares at $35.00 per share. Zurn Elkay will repurchase approximately $55 million worth of shares (1,636,905 shares) from the underwriters at the same price.
The underwriters have a 30-day option to purchase an additional 1,162,500 shares. Ice Mountain , representing the Katz family's interests from the 2022 Zurn-Elkay merger, will receive all net proceeds. The selling stockholder has committed to a lock-up agreement for remaining shares until October 31, 2026.
Evercore ISI leads the offering as joint book-running manager, with Baird as additional book-running manager. The offering is expected to close on February 13, 2025.
Zurn Elkay Water Solutions (NYSE:ZWS) announced a public offering where Ice Mountain , a former Elkay stockholder, will sell 7,750,000 shares of common stock. The underwriters have a 30-day option to purchase an additional 1,162,500 shares. Zurn Elkay plans to repurchase approximately $50,000,000 worth of shares from the underwriters.
The company will not sell any common stock or receive proceeds from this offering. Evercore ISI is leading the offering as the joint book-running manager, with Baird as an additional book-running manager. BNP Paribas, Deutsche Bank Securities, Mizuho, Oppenheimer & Co., and Stifel are acting as co-managers.
Zurn Elkay Water Solutions (NYSE:ZWS) reported strong Q4 2024 results with net sales of $371 million, up 4% in core sales from the previous year. Q4 net income from continuing operations reached $36 million with diluted EPS of $0.21, compared to $14 million and $0.08 EPS in Q4 2023.
For full-year 2024, the company achieved net sales of $1,567 million, a 2% increase from 2023, with net income from continuing operations of $159 million. Notable achievements include record free cash flow of $272 million, completion of $150 million in stock repurchases, and dividend payments of $57 million.
Looking ahead to 2025, ZWS expects low single-digit core sales growth in Q1, with adjusted EBITDA margin between 24.5% and 25.0%. Full-year 2025 guidance includes core sales growth similar to 2024, adjusted EBITDA of $405-420 million, and projected free cash flow of approximately $290 million.
Alternus Clean Energy (NASDAQ: ALCE) has announced its participation in The Microcap Conference 2025, scheduled for January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ. Vice Chairman John Thomas will represent the company, engaging in one-on-one meetings with institutional and individual investors.
The company plans to discuss several recent developments, including:
- Securing full permitting for the first of eleven Italian solar projects
- Completing the LiiON acquisition in the battery storage segment
- Signing binding terms for a microgrid joint venture with Hover Energy
As a global renewable energy solutions provider, Alternus positions itself to capitalize on increasing global power demand, particularly driven by AI and data centers. The company views the conference as an opportunity to showcase its growth strategy and investment potential to the investment community.
Zurn Elkay Water Solutions (NYSE: ZWS) has scheduled its fourth quarter and full year 2024 earnings release and investor conference call. The earnings release will be published after market close on Tuesday, February 4, 2025. The company will host a conference call and webcast on Wednesday, February 5, 2025, at 7:30 a.m. Central Time.
Chairman and CEO Todd Adams and CFO Dave Pauli will co-host the event, which will include a discussion of Q4 financial results, a general business update, and an investor Q&A session. The call will be accessible via domestic toll-free (800-715-9871) and international toll numbers (646-307-1963) using access code 6071902. A live webcast will be available on the company's investor relations website, with replay access provided afterward.
Zurn Elkay Water Solutions (NYSE: ZWS) has achieved significant recognition in Newsweek's 2025 List of America's Most Responsible Companies, ranking No. 28 out of 600 companies. The company secured top positions as No. 1 in both Wisconsin and the Capital Goods sector, marking its fifth consecutive year on the list.
The ranking evaluates companies based on three key sustainability pillars: environment, social, and corporate governance. The assessment incorporates over 30 key performance indicators and public perception of corporate social responsibility through extensive U.S. resident surveys.
As a leader in water management solutions, Zurn Elkay focuses on providing cleaner, safer water, prioritizing people and communities, supporting customer sustainability goals through water conservation, and maintaining internal sustainability practices.
Zurn Elkay Water Solutions (NYSE: ZWS) has achieved significant recognition on TIME and Statista's World's Best Companies for Sustainable Growth 2025 list. The company secured the No. 31 position among 500 companies globally and ranked No. 10 among U.S. companies. This recognition highlights their commitment to combining strong financial performance with sustainable environmental practices.
The ranking evaluation was based on three key criteria: revenue growth, financial stability indicators, and environmental data. Chairman and CEO Todd A. Adams emphasized the company's holistic approach to addressing environmental challenges through their water-focused products and solutions.
Zurn Elkay Water Solutions (NYSE:ZWS) reported strong Q3 2024 results with net sales of $410 million, up from $398 million year-over-year, showing 3% core sales growth. The company achieved net income of $44 million with diluted EPS of $0.25, improving from $35 million and $0.20 EPS in the previous year. Adjusted EBITDA reached $105 million (25.6% of net sales), up from $96 million (24.1%) last year. The company increased its quarterly dividend by 13% to $0.09 per share and repurchased 1.6 million shares for $50 million. For Q4, ZWS expects low single-digit core sales growth with adjusted EBITDA between $88-90 million.
Zurn Elkay Water Solutions (NYSE: ZWS) has announced a 12.5% increase in its quarterly dividend, raising it from $0.08 to $0.09 per share. The dividend will be paid in cash on December 6, 2024, to stockholders of record as of November 20, 2024. The company, headquartered in Milwaukee, WI, is recognized as one of America's Greenest Companies and Most Responsible Companies by Newsweek, specializing in sustainable water management solutions including water safety, flow systems, and filtered drinking water products.
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