Zurn Elkay Q4 adjusted EPS $0.26 vs $0.16; guides FY margin expansion, ~$250M FCF

Zurn Elkay Water Solutions Corp

2023-FY EPS reported $0.64 revenue$1,530,500,000

Q4 net sales $357M (+5% YoY); core sales +5% (incl. 400 bps product line exit impact).
Adjusted EBITDA $84M (23.6% margin) vs $65M (19.0%) YoY.
Record FY 2023 free cash flow $233M; net debt leverage 1.1x.
FY 2024 guidance: ~150 bps adj. EBITDA margin expansion, FCF ~$250M.
Repurchased $25M shares in Q4; prepaid $60M term loan.

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 0.9

Zurn Elkay Water Solutions Corp reported calendar year 2023 results: revenue $1,531 million, net income $104 million, EPS $0.59.

Period: calendar year 2023
Revenue: $1,531 million
Net income: $104 million
EPS: $0.59
Result: reported results

Exact text from the filing

$25 million to repurchase 0.8 million shares of common stock in the quarter. • Prepaid $60 million of our outstanding Term Loan. Calendar Year 2023 Highlights • Net sales were $1,531 million and increased by 19% from the comparable $1,282 million in calendar year 2022 (-1% core sales (1) inclusive of a 400 basis point impact from planned product line exits, +20% from

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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, 2023 results: revenue $357 million, net income $14 million, EPS $0.08.

Period: the quarter ended December 31, 2023
Revenue: $357 million
Net income: $14 million
EPS: $0.08
Result: reported results

Exact text from the filing

February 7, 2024 at 8:30 a.m. Eastern Time MILWAUKEE, WI (USA) - Zurn Elkay Water Solutions Corporation (NYSE:ZWS) Fourth Quarter Highlights • Net sales increased 5% to $357 million compared with $340 million in last year’s December quarter (+ 5% core sales (1) ) . • Net income from continuing operations was $14 million (diluted EPS from continuing

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Source: SEC EDGAR

accession 0001439288-24-000015

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