Zurn Elkay Q2: net sales $403M (+42% YoY, core -5%); diluted EPS $0.19 vs $0.28; raises FY outlook

Zurn Elkay Water Solutions Corp

2023-Q2 EPS reported $0.32 revenue$775,300,000

Net sales $403M (+42% YoY, core -5%); net income $33M ($0.19 diluted EPS) vs $36M ($0.28).
Adjusted EPS $0.24 vs $0.32; Adj EBITDA $87M (21.6% of sales) vs $64M (22.6%).
Repurchased $50M of common stock (2.3M shares) in Q2; net debt leverage 1.5x.
Raised low end of FY 2023 guidance: sales $1.525-1.55B, Adj EBITDA $335-345M, FCF ~$215M.
Q3 outlook: sales $390-400M, Adj EBITDA margin 23.5-24.0%; CEO expects margin expansion.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Zurn Elkay Water Solutions Corp reported the quarter ended June 30, 2023 results: revenue $403 million, net income $33 million, EPS $0.19. Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: $403 million
Net income: $33 million
EPS: $0.19
Guidance: raised
Result: reported results

Exact text from the filing

Net sales in the quarter increased 42% to $403 million compared with $284 million in last year’s June quarter ( -5% core sales (1) , +47% acquisitions) . • Net income from continuing operations was $33 million (diluted EPS from continuing operations of $0.19) compared with $36 million (diluted EPS from continuing operations of $0.28) in the year-ago quarter.

View on SEC.gov

Browse all earnings releases →

Zurn Elkay Water Solutions Corp filing history →

Source: SEC EDGAR

accession 0001439288-23-000099

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.