earnings
confidence high
sentiment positive
materiality 0.75
Zurn Water Solutions Q4 sales up 23% to $232M, adjusted EPS $0.22; strong 2022 outlook
Zurn Elkay Water Solutions Corp
2021-FY EPS reported
$0.97
revenue$910,900,000
- Q4 net sales $232M (+23% YoY); core sales +16%, acquisitions +7%.
- Net income from continuing ops $3M (diluted EPS $0.02) includes $20M loss on debt extinguishment; adjusted EPS $0.22 vs $0.09 YoY.
- Adjusted EBITDA $45M (19.4% of sales) vs $36M (18.9%) in prior year; net debt leverage 2.3x.
- Completed spin-off of PMC business Oct 4, 2021; also acquired Wade Drains in Q4.
- Q1 2022 outlook: total sales high-teens % YoY growth, Adj EBITDA margin ex corp costs 24-24.5%; double-digit core growth for full year 2022.