earnings
confidence high
sentiment positive
materiality 0.85
Zurn Elkay Q4 adj EPS $0.32 vs $0.26 y/y; record FY cash flow; guides FY adj EBITDA $405-420M
Zurn Elkay Water Solutions Corp
2024-FY EPS reported
$0.92
revenue$1,566,500,000
- Q4 net sales $371M (+4% core); adj EPS $0.32 vs $0.26; adj EBITDA margin 24.6% vs 23.6%.
- FY2024 net sales $1,567M (+2%); adj EPS $1.28 vs $0.97; adj EBITDA $390M (24.9%) vs $340M (22.2%).
- Record free cash flow $272M; repurchased $150M shares; paid $57M dividends; net debt leverage 0.8x.
- FY2025 guidance: adj EBITDA $405-420M, free cash flow ~$290M; Q1 core sales low single digits, adj EBITDA margin 24.5-25.0%.
- CEO cites record sales, EBITDA, cash flow; margin expansion 270 bps; confident in 2025.