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.
Zurn Water Solutions Corporation (NYSE: ZWS) has expanded its flow systems portfolio by acquiring the Wade Drains product line from McWane, Inc. This move enhances Zurn's existing expertise and market coverage in drainage and environmental products. Wade is recognized for its specified commercial plumbing products and has a long history in the industry. The acquisition aims to foster growth in Zurn's flow systems business by adding a reputable brand to its offerings.
Zurn Water Solutions Corporation (NYSE: ZWS) will participate in the Credit Suisse 9th Annual Industrials Conference on December 1, 2021. Based in Milwaukee, Wisconsin, Zurn is a focused water business that offers a sustainable product portfolio aimed at enhancing health and safety. Their solutions cover water control, distribution, drainage, plumbing, and environmental products for various applications. For more details, visit www.zurnwatersolutions.com.
Zurn Water Solutions Corporation (NYSE: ZWS) will participate in the Baird 2021 Global Industrial Conference on November 9, 2021. Based in Milwaukee, Zurn specializes in sustainable water solutions, offering a diverse product portfolio aimed at improving health, safety, and environmental conditions. The company focuses on water control, distribution, drainage, and plumbing products for various spaces.
Zurn emphasizes the potential for future growth, while cautioning that forward-looking statements involve risks and uncertainties.
Zurn Water Solutions Corporation (NYSE:ZWS) reported third quarter net sales of $557 million, reflecting a 9% core sales growth compared to last year. Net income rose to $64 million, with diluted EPS of $0.51. Adjusted EBITDA was $128 million, or 23% of net sales. The company anticipates a strong fourth quarter, expecting total sales growth of high teens percentage and an Adjusted EBITDA margin between 24% and 24.5%. Zurn's successful spin-off from Rexnord positions it as a leading water solutions provider, aiming for double-digit core growth in 2022.
Zurn Water Solutions Corporation (NYSE: ZWS) has declared a quarterly dividend of $0.03 per share, payable on December 7, 2021, to shareholders on record as of November 19, 2021. This decision by the Board of Directors reflects the company's commitment to increasing shareholder value, backed by strong cash flow and low leverage. Zurn aims to balance dividend payments with investments in organic growth and strategic acquisitions to enhance its market position.
Zurn Water Solutions Corporation (NYSE: ZWS) will host a conference call on October 27, 2021, at 7:00 a.m. Central Time to discuss its financial results for Q3 2021, which will be released on October 26, 2021. The call will be led by Chairman and CEO Todd Adams and CFO Mark Peterson. Investors can access the call via telephone or through a live webcast on the company’s investor relations website. A replay will also be available after the live event until November 3, 2021.
Zurn Water Solutions Corporation (NYSE: ZWS) has successfully completed a spin-off of its Process & Motion Control business in a Reverse Morris Trust transaction. As a result, Zurn is now a standalone company focusing solely on water solutions, with shares trading under the ticker symbol 'ZWS.' The company aims to address global water challenges with innovative technologies, enhancing safety, conservation, and efficiency. Stockholders received 0.22296103 shares of Regal common stock for each share of ZWS. Zurn emphasizes sustainability and value creation for stakeholders.
Regal Rexnord Corporation announced the completion of its merger with Rexnord Corporation's Process & Motion Control Business, enhancing its industrial power transmission capabilities. The merger, effective October 5, 2021, positions Regal to realize significant synergies, projected at $120 million over three years, and aims for adjusted EBITDA exceeding $1 billion for 2022. Regal will now focus on energy-efficient products, benefiting from a broader market reach and enhanced digital capabilities. Shareholders will receive a special cash dividend of $6.99 per share, amounting to approximately $284 million.
Regal Beloit Corporation (NYSE: RBC) and Rexnord Corporation (NYSE: RXN) announced the anticipated completion of their merger on October 4, 2021, via a Reverse Morris Trust transaction. Post-merger, Regal will be rebranded as Regal Rexnord Corporation trading under the symbol RRX, while Rexnord will become Zurn Water Solutions Corporation trading under ZWS. Both companies aim to enhance their operational efficiencies and market positions through this strategic alliance. Further details will be provided in the coming weeks.
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