Welcome to our dedicated news page for Zurn Elkay Water Solutions Corporation (Ticker: ZWS), a resource for investors and traders seeking the latest updates and insights on Zurn Elkay Water Solutions Corporation.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Zurn Elkay Water Solutions Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Zurn Elkay Water Solutions Corporation's position in the market.
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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.
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-1.92%
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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.
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1.39%
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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.
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0.95%
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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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0.87%
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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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4.17%
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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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2.06%
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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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4.23%
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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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0.31%
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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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-0.31%
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Zurn Elkay Water Solutions Corporation
NYSE:ZWS
ZWS Rankings
ZWS Stock Data
5.40B
143.25M
3.01%
85.69%
3.13%
Mechanical Power Transmission Equipment Manufacturing
Manufacturing
United States of America
MILWAUKEE
About ZWS
zurn water solutions is the unrivaled leader in water solutions for health, human safety and the environment. with our ecosystem of products and systems that are at the core of sustainability we deliver solutions that protect human health, conserve resources, and optimize our customers results. water sustains everything. at zurn water solutions we are #sustainablyinspired.