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 of Zurn Elkay Water Solutions Corp
Zurn Elkay Water Solutions Corp (NYSE: ZWS) is a prominent provider of clean water solutions, addressing critical needs in drinking water, hygiene, and sustainable water management. The company operates at the intersection of health, safety, and environmental stewardship, offering a diverse portfolio of products and systems designed to protect human health, conserve resources, and optimize operational efficiency for its customers. With a strong focus on sustainability, Zurn Elkay is committed to delivering solutions that align with global priorities for water conservation and resource management.
Core Business Areas and Product Ecosystem
Zurn Elkay's operations span the design, procurement, manufacturing, and marketing of professional-grade water solutions. Its product portfolio includes:
- Water Control and Safety: Products that ensure safe and reliable water distribution, addressing critical health and safety standards.
- Water Distribution and Drainage: Systems that facilitate efficient water flow and drainage, essential for both public and private infrastructure.
- Drinking Water Solutions: High-quality drinking water systems designed for various environments, including public spaces, commercial buildings, and industrial facilities.
- Finish Plumbing: A range of plumbing fixtures and accessories that combine functionality with aesthetic appeal.
- Hygienic and Environmental Products: Solutions that promote hygiene and environmental sustainability, such as touchless faucets and eco-friendly water systems.
- Site Works Products: Infrastructure solutions for outdoor and urban spaces, supporting sustainable water management practices.
Market Position and Competitive Landscape
Zurn Elkay operates in the broader water management and sustainability industry, a sector that is increasingly vital as global water resources face mounting pressures. The company differentiates itself through its integrated ecosystem of products, which are designed to work seamlessly together to deliver comprehensive water solutions. By focusing on sustainability and innovation, Zurn Elkay addresses the growing demand for environmentally responsible products and systems.
In a competitive landscape that includes other water management and plumbing solution providers, Zurn Elkay stands out for its commitment to environmental stewardship and its ability to offer end-to-end solutions. This positions the company as a trusted partner for customers seeking to balance performance with sustainability.
Commitment to Sustainability
Zurn Elkay's mission is deeply rooted in sustainability, as reflected in its tagline, "#SustainablyInspired." The company's products and systems are designed to conserve water, reduce waste, and promote long-term resource efficiency. This commitment not only enhances its value proposition but also aligns with the broader market shift toward sustainable practices and solutions.
Customer Base and Applications
The company's solutions cater to a diverse range of customers, including commercial buildings, educational institutions, healthcare facilities, industrial sites, and public infrastructure projects. Its products are integral to creating safe, efficient, and sustainable environments, making Zurn Elkay a key player in sectors where water management is critical.
Conclusion
Zurn Elkay Water Solutions Corp is a leader in the water solutions industry, offering a comprehensive range of products and systems that address essential needs in health, safety, and sustainability. With its focus on innovation, environmental responsibility, and customer-centric solutions, the company is well-positioned to meet the challenges of a world increasingly focused on water conservation and resource management.
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.
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