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Zurn Elkay Water Solutions Corp - ZWS STOCK NEWS

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.

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.
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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%.
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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.
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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.
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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.
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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.
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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.
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Zurn Elkay Water Solutions Corporation (NYSE:ZWS) reported a 5% decrease in net sales for the third quarter of 2023, reaching $398 million. Net income from continuing operations was $35 million, compared to a net loss of $19 million in the same quarter last year. Adjusted EPS was $0.29, an increase from $0.26 in the year-ago quarter. Adjusted EBITDA was $96 million, representing 24.1% of net sales. The company deployed $13 million to repurchase 0.4 million shares of common stock and increased its quarterly dividend per share by 14% to $0.08 per share. Zurn Elkay Water Solutions Corporation prepaid $60 million of outstanding Term Loan in October. The company expects sales for the fourth quarter to be around $351 million, implying ~6% proforma core organic growth over the prior year fourth quarter. The full-year outlook for net sales is $1.525 billion, with adjusted EBITDA projected to be between $336 million and $338 million.
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Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will participate in the Baird 2023 Global Industrial Conference on November 8, 2023.
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Zurn Elkay Water Solutions Corporation increases quarterly dividend by 14%.
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FAQ

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

The current stock price of Zurn Elkay Water Solutions (ZWS) is $35.38 as of March 7, 2025.

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

The market cap of Zurn Elkay Water Solutions (ZWS) is approximately 5.8B.

What is the core business of Zurn Elkay Water Solutions Corp?

Zurn Elkay Water Solutions designs, manufactures, and markets a wide range of clean water solutions, including water control, distribution, and hygienic systems for both public and private sectors.

Which industries does ZWS serve?

The company serves various sectors such as healthcare, commercial, industrial, residential, and municipal infrastructures by providing specialized water management and plumbing solutions.

What are the key product categories offered by ZWS?

ZWS offers products in water control and safety systems, water distribution and drainage solutions, finish plumbing, and hygienic products, all engineered for enhanced performance and safety.

How does ZWS emphasize sustainability in its operations?

The company integrates sustainable practices by developing products that conserve water resources, reduce wastage, and align with eco-friendly manufacturing and operational standards.

What sets Zurn Elkay Water Solutions apart from its competitors?

ZWS differentiates itself by combining advanced technological innovations with a comprehensive product range that addresses both operational efficiency and environmental safety, ensuring tailored solutions for diverse markets.

How is quality ensured in ZWS's products?

ZWS implements rigorous quality control, continuous product innovation, and adherence to industry standards, ensuring all products meet essential technical and operational requirements.

What are the main customer segments for ZWS?

Customers range from healthcare institutions and commercial establishments to residential developments and municipal projects, all relying on ZWS for reliable water management solutions.

How does ZWS contribute to public health and safety?

By providing professional-grade water control and hygienic systems, ZWS plays a pivotal role in ensuring safe drinking water, reducing contamination risks, and enhancing overall public infrastructure.
Zurn Elkay Water Solutions Corp

NYSE:ZWS

ZWS Rankings

ZWS Stock Data

5.82B
146.61M
16.34%
93.98%
4.04%
Pollution & Treatment Controls
General Industrial Machinery & Equipment
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United States
MILWAUKEE