Zurn Elkay Q1 net sales up 55% to $372M; adjusted EPS $0.18 vs $0.24 YoY

Zurn Elkay Water Solutions Corp

2023-Q1 EPS reported $0.13 revenue$372,100,000

Net sales $372M (+55% YoY, +3% core sales, +53% from Elkay acquisition).
Net income $23M ($0.13 diluted EPS) vs $29M ($0.23) prior year; adjusted EPS $0.18.
Adjusted EBITDA $72M (19.5% of sales) vs $52M (21.7%) prior year.
FY2023 guidance unchanged: sales $1,500-1,550M, adjusted EBITDA $325-345M, FCF ~$200M.
Repurchased $37M of stock in Q1; net debt leverage 1.6x.

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 March 31, 2023 results: revenue $372 million, net income $23 million, EPS $0.13. Guidance reaffirmed.

Period: the quarter ended March 31, 2023
Revenue: $372 million
Net income: $23 million
EPS: $0.13
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter Highlights • Net sales in the quarter increased 55% to $372 million compared with $240 million in last year’s March quarter ( +3% core sales (1) , +53% acquisitions, -1% foreign currency translation) . • Net income from continuing operations was $23 million (diluted EPS from continuing operations of $0.13) compared with $29 million (diluted EPS from continuing operations of $0.23) in the year-ago quarter.

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Source: SEC EDGAR

accession 0001439288-23-000075

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