Zurn Elkay Q3 adj. EBITDA margin 24.1% (+410 bps); raises FCF outlook to $230M

Zurn Elkay Water Solutions Corp

2023-Q3 EPS reported $0.56 revenue$1,173,700,000

Net sales $398M (-5% YoY); net income $35M vs loss $19M; adj. EPS $0.29 vs $0.26.
Adjusted EBITDA $96M (24.1% of sales) vs $84M (20.0%) in prior year.
Quarterly dividend increased 14% to $0.08/share; $13M share repurchases in quarter.
Full year FCF outlook raised to ~$230M from original $200M; net debt leverage 1.2x.
Q4 sales guided ~$351M (~6% organic growth) with adj. EBITDA margin 23.0-23.5%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Zurn Elkay Water Solutions Corp reported the quarter ended September 30, 2023 results: revenue $398 million, net income $35 million, EPS $0.20. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Revenue: $398 million
Net income: $35 million
EPS: $0.20
Guidance: reaffirmed
Result: reported results

Exact text from the filing

1, 2023 at 8:30 a.m. Eastern Time MILWAUKEE, WI (USA) - Zurn Elkay Water Solutions Corporation (NYSE:ZWS) Third Quarter Highlights • Net sales in the quarter decreased 5% to $398 million compared with $418 million in last year’s September quarter ( -5% core sales (1) ) inclusive of the impact from previously announced and executed product line exits . • Net

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Source: SEC EDGAR

accession 0001439288-23-000127

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