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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 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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Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will hold a conference call and webcast presentation on November 1, 2023, to discuss its third quarter 2023 financial results and provide a general business update.
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Zurn Elkay donates $2.2 million of Elkay drinking water filters to support MPS and the City of Milwaukee’s ongoing commitment to providing safer, cleaner drinking water.
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BMO provides its new Sustainability-Linked Deposit (SLD) product to Zurn Elkay Water Solutions, linking interest to sustainability targets. BMO offers SLDs, Sustainability-Linked Loans, Bonds, and Derivatives to support clients' sustainability goals. Zurn Elkay aims to reduce greenhouse gas intensity by 50% by 2030. BMO is recognized for its sustainability leadership and is carbon neutral since 2010.
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Zurn Elkay Water Solutions Corporation (NYSE: ZWS) will discuss its second quarter 2023 financial results and provide a general business update in a conference call and webcast on July 25, 2023, at 7:30 a.m. Central Time. Chairman and CEO, Todd Adams, and CFO, Mark Peterson, will co-host. The earnings release for the second quarter ended June 30, 2023, will be released on July 24, 2023, after market close.
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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
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United States of America
MILWAUKEE