Zurn Elkay Water Solutions Corporation - ZWS STOCK NEWS

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.

Zurn Elkay Water Solutions (NYSE: ZWS) has announced its upcoming third quarter 2024 earnings release and investor conference call. The company will release its financial results for the quarter ended September 30, 2024, after market close on Tuesday, October 29, 2024. Todd Adams, Chairman and CEO, and Dave Pauli, CFO, will co-host a conference call and webcast on Wednesday, October 30, 2024, at 7:30 a.m. Central Time.

The call will provide a general business update and address investor questions. Investors can access the call via domestic toll-free number (800-715-9871), international toll number (646-307-1963), or through a live webcast on the company's investor relations website. A replay of the call will be available as a webcast on the same website for those unable to participate during the live teleconference.

Zurn Elkay Water Solutions (NYSE: ZWS) has been recognized as one of America's Greenest Companies 2025 by Newsweek and Plant-A Insights Group. This prestigious ranking showcases the top 500 U.S.-based companies making a positive environmental impact and setting industry standards for eco-conscious practices.

Todd A. Adams, Chairman and CEO, emphasized the company's commitment to sustainability, stating that their business strategy and sustainability efforts are increasingly aligned. The recognition highlights Zurn Elkay's focus on:

• Providing cleaner, safer drinking water
• Prioritizing people, values, and communities
• Helping customers meet sustainability goals through water conservation and management
• Implementing sustainable practices within the company

The ranking was based on comprehensive analysis of public data, evaluating companies on over 25 parameters related to GHG emissions, water usage, waste generation, and sustainability commitments.

Zurn Elkay Water Solutions (NYSE:ZWS) reported strong second quarter 2024 financial results. Key highlights include:

- Net sales increased to $412 million, up 2% from $403 million in Q2 2023
- Net income from continuing operations rose to $45 million (EPS of $0.26), compared to $33 million (EPS of $0.19) last year
- Adjusted EPS improved to $0.33 from $0.24 year-over-year
- Adjusted EBITDA grew 20% to $104 million (25.3% of net sales) from $87 million (21.6% of net sales)
- Net debt leverage reduced to 0.9x
- Repurchased 1.9 million shares for $61 million

The company raised its full-year adjusted EBITDA margin expansion guidance to 200-250 basis points and expects free cash flow to exceed $250 million.

Zurn Elkay Water Solutions (NYSE: ZWS) has announced a quarterly cash dividend of $0.08 per share. The dividend will be paid on September 6, 2024 to stockholders of record as of August 20, 2024. Zurn Elkay, headquartered in Milwaukee, WI, is a growth-oriented, pure-play water management business that has been named one of America's Most Responsible Companies 2024 by Newsweek for the fourth consecutive year. The company designs, procures, manufactures, and markets a broad portfolio of sustainable water management solutions, including professional grade water safety and control products, flow systems products, hygienic and environmental products, and filtered drinking water products for public and private spaces.

Zurn Elkay Water Solutions (NYSE: ZWS) has announced its upcoming second quarter 2024 earnings release and investor conference call. The company will release its financial results for the quarter ended June 30, 2024, after market close on Tuesday, July 30, 2024. The investor conference call and webcast are scheduled for Wednesday, July 31, 2024, at 7:30 a.m. Central Time.

Chairman and CEO Todd Adams and CFO Dave Pauli will co-host the call, providing a general business update and addressing investor questions. Investors can access the call via domestic toll-free number (800-715-9871) or international toll number (646-307-1963) using the access code 6071902. A live webcast will also be available on the company's investor relations website.

Zurn Elkay Water Solutions (NYSE: ZWS) has promoted Dave Pauli to Chief Financial Officer, while Mark Peterson transitions to Chief Administrative Officer. Pauli, who joined the company in 2012, will now oversee all financial operations, including planning, analysis, treasury, reporting, tax, internal audit, and investor relations. Peterson, the former CFO since 2011, will manage human resources, enterprise risk, real estate, facilities management, and environmental health and safety. CEO Todd A. Adams cited the leadership and succession planning as key factors for a smooth transition. The company also hinted that its second-quarter results are in-line or slightly ahead of expectations, with detailed reporting scheduled for July 31, 2024.

Zurn Elkay Water Solutions (NYSE: ZWS) has declared a quarterly cash dividend of $0.08 per share, payable on June 7, 2024, to stockholders of record as of May 20, 2024.