earnings
confidence high
sentiment positive
materiality 0.85
Zurn Water Solutions completes PMC spin-off; Q3 consolidated net sales $557M, Adj. EPS $0.55
Zurn Elkay Water Solutions Corp
2021-Q3 EPS reported
$1.50
revenue$1,651,600,000
- Completed spin-off of Process & Motion Control business on Oct 4, 2021; now a pure-play water company.
- Consolidated net sales $557M (+13% YoY); net income $64M (diluted EPS $0.51).
- Consolidated Adj. EBITDA $128M (23.0% of sales) vs $109M (22.0%) prior year.
- Water Management segment net sales $229.7M (+15% YoY); Adj. EBITDA $60.9M (26.5% of sales).
- Q4 outlook: Zurn total sales high-teens YoY increase; Adj. EBITDA margin 24%-24.5%.