STOCK TITAN

Zurn Elkay Water Solutions Corporation - ZWS STOCK NEWS

Welcome to our dedicated page for Zurn Elkay Water Solutions Corporation news (Ticker: ZWS), a resource for investors and traders seeking the latest updates and insights on Zurn Elkay Water Solutions Corporation stock.

Zurn Elkay Water Solutions Corporation (ZWS) is an industry leader in providing high-quality water solutions that prioritize health, human safety, and environmental sustainability. The company designs, procures, manufactures, and markets a comprehensive range of clean water solutions aimed at drinking water, hygiene, and sustainable water management.

With a robust portfolio, Zurn Elkay offers professional-grade water control and safety, water distribution and drainage, drinking water, finish plumbing, and hygienic products. These products are engineered for both public and private spaces, ensuring reliability and efficiency in managing water resources.

The company continually works on innovative projects that contribute to environmental sustainability. Recent achievements include the launch of new eco-friendly products designed to conserve resources and optimize customer outcomes. Their commitment to sustainability is encapsulated in their motto, "#sustainablyinspired".

Financially, Zurn Elkay Water Solutions Corporation is stable, with consistent revenue growth driven by strategic partnerships and an expanding product line. Their ecosystem of products and systems is central to their mission of protecting human health and conserving resources.

For investors and stakeholders, Zurn Elkay remains a compelling prospect due to its unwavering focus on sustainability, innovation, and quality. The company's proactive approach to addressing global water challenges positions it as a significant player in the market, promoting both environmental stewardship and economic growth.

Rhea-AI Summary
Zurn Elkay Water Solutions (NYSE:ZWS) reported solid first quarter 2024 financial results with net sales of $374 million, net income of $34 million, and adjusted EPS of $0.29. The company's adjusted EBITDA grew 24% year over year to $90 million, with a margin of 24.1%. Net debt leverage ended at an all-time low of 0.9x. Zurn Elkay remains confident in driving growth in 2024 and delivering $250 million of free cash flow, with an increased adjusted EBITDA margin expectation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
Tags
-
Rhea-AI Summary
Zurn Elkay Water Solutions (ZWS) will host a conference call on April 24, 2024, to discuss its first quarter 2024 financial results and provide a business update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
-
Rhea-AI Summary
Zurn Elkay Water Solutions (NYSE: ZWS) has been honored with the 2024 Top Workplaces USA award for its exceptional work culture, focusing on attracting and empowering outstanding talent. The company's commitment to providing clean water systems through exceptional people has led to this prestigious recognition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none
Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) demonstrates its commitment to sustainability by publishing its 2023 Sustainability Report, highlighting progress on various environmental initiatives. The company focuses on water stewardship, supplier diversity, waste reduction, and employee engagement, among other targets. Zurn Elkay also expands disclosures with additional key performance indicators and ESG data. Product donations help provide safer drinking water for school children, showcasing the company's community support.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
none
-
Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE:ZWS) reported strong financial performance in the fourth quarter and calendar year 2023. Net sales increased by 5% in Q4, reaching $357 million, with net income from continuing operations of $14 million. For the full year, net sales were $1,531 million, marking a 19% increase from the previous year. Adjusted EBITDA was $340 million for the year, and the company deployed $25 million for share repurchases. The outlook for the first quarter of 2024 is optimistic, with expected low single-digit sales growth and adjusted EBITDA margin between 23.5% and 24.0%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.17%
Tags
-
Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) has declared a quarterly common stock dividend of $0.08 per share, payable in cash on March 7, 2024 to stockholders of record as of February 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
Tags
dividends
Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will hold a conference call and webcast presentation on February 7, 2024, to discuss its fourth quarter and full year 2023 financial results, business update, and investor questions. Chairman and CEO, Todd Adams, and CFO, Mark Peterson, will co-host. The earnings release for the fourth quarter ended December 31, 2023, will be released on February 6, 2024. Access details for the call and webcast are provided, as well as information on accessing the replay.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.23%
Tags
-
Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) has divested four wholly-owned subsidiaries with asbestos liabilities and related assets to Zilco Holdings, Inc. As a result, these liabilities and related insurance assets will not be included in Zurn Elkay's consolidated year-end 2023 balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none
-
Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) has launched its first combined lead-, PFOA- and PFOS-reducing filter integrated into Elkay® bottle filling stations and faucets for various applications. The new filter is certified to reduce PFOA and PFOS as well as lead, cysts, Class I particulates, and chlorine taste and odor from drinking water under NSF/ANSI 42 and 53 standards. It also offers environmental benefits by eliminating the use of single-use plastic water bottles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
Tags
none
Rhea-AI Summary
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) has been named one of America’s Most Responsible Companies 2024 by Newsweek and Statista, ranking No. 78 overall and No. 1 in Wisconsin out of 600 companies. This recognition reflects the company's strong ESG efforts and commitment to 'Doing the Right Thing', as stated by Todd A. Adams, Chairman and CEO. The evaluation criteria included 30+ KPIs across the environment, social, and corporate governance pillars, along with a CSR reputation survey of 17,000 U.S. residents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
Tags
none

FAQ

What is the current stock price of Zurn Elkay Water Solutions Corporation (ZWS)?

The current stock price of Zurn Elkay Water Solutions Corporation (ZWS) is $40.32 as of December 3, 2024.

What is the market cap of Zurn Elkay Water Solutions Corporation (ZWS)?

The market cap of Zurn Elkay Water Solutions Corporation (ZWS) is approximately 6.8B.

What does Zurn Elkay Water Solutions Corporation do?

Zurn Elkay designs, procures, manufactures, and markets a range of clean water solutions focused on drinking water, hygiene, and sustainable water management.

What are the core products of Zurn Elkay?

The core products include water control and safety, water distribution and drainage, drinking water solutions, finish plumbing, and hygienic products.

Is Zurn Elkay Water Solutions Corporation involved in sustainability?

Yes, Zurn Elkay is committed to sustainability. Their products and systems aim to protect human health, conserve resources, and optimize customer results.

What recent achievements has Zurn Elkay made?

Recent achievements include the launch of new eco-friendly products designed to conserve resources and optimize customer outcomes.

How does Zurn Elkay contribute to environmental sustainability?

Zurn Elkay contributes to environmental sustainability by designing products that conserve water and resources, promoting sustainable water management practices.

What is the financial condition of Zurn Elkay Water Solutions Corporation?

Zurn Elkay maintains a stable financial condition with consistent revenue growth driven by strategic partnerships and an expanding product line.

Does Zurn Elkay have any partnerships?

Yes, Zurn Elkay has strategic partnerships that help drive revenue growth and expand their market presence.

What is Zurn Elkay's motto?

Zurn Elkay's motto is "#sustainablyinspired," reflecting their commitment to sustainable practices.

In what markets are Zurn Elkay's products used?

Zurn Elkay's products are used in both public and private spaces, including professional-grade applications for water control, distribution, and hygiene.

How is Zurn Elkay addressing global water challenges?

Zurn Elkay addresses global water challenges by developing innovative, sustainable water management solutions that protect health and conserve resources.

Zurn Elkay Water Solutions Corporation

NYSE:ZWS

ZWS Rankings

ZWS Stock Data

6.76B
165.41M
2.48%
94.1%
4.44%
Pollution & Treatment Controls
General Industrial Machinery & Equipment
Link
United States of America
MILWAUKEE