Zurn Elkay Q4 sales up 46% to $340M; core sales -3%; $500M buyback authorized

Zurn Elkay Water Solutions Corp

2022-FY EPS reported $0.40 revenue$1,281,800,000

Q4 net sales $340M (+46% YoY); core sales -3%; adjusted EPS $0.16 vs $0.22 YoY.
Adj. EBITDA $65M (19.0% of sales) vs $45M (19.4%) YoY.
FY2023 guidance: sales $1,500-$1,550M, Adj. EBITDA $325-$345M, FCF ~$200M.
Board authorized $500M share repurchase; at least $100M expected in 2023; $25M repurchased in Q4.
Q1 2023 guidance: sales $340-$355M, Adj. EBITDA margin 19.0%-19.5% with 250bps inventory headwind.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Zurn Elkay Water Solutions Corp reported the quarter ended December 31, 2022 results: revenue $340 million, net income $10 million, EPS $0.06.

Period: the quarter ended December 31, 2022
Revenue: $340 million
Net income: $10 million
EPS: $0.06
Result: reported results

Exact text from the filing

8, 2023 at 8:30 a.m. Eastern Time MILWAUKEE, WI (USA) - Zurn Elkay Water Solutions Corporation (NYSE:ZWS) Fourth Quarter Highlights • Net sales in the quarter increased 46% to $340 million compared with $232 million in last year’s December quarter (+50% acquisitions, -1% foreign currency translation, -3% core sales (1) ). • Net income from continuing operations was

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Source: SEC EDGAR

accession 0001439288-23-000013

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