Zurn Elkay Water sees Q4 net sales up low single digits

The company said, “Based on demand trends as we exited the third quarter and the month of October, we believe core net sales for the fourth quarter will be up low single digits and adjusted EBITDA will be between $88 million and $90 million. This brings the full year adjusted EBITDA to approximately $387 million to $389 million, which results in us again raising our expected full year adjusted EBITDA margin expansion to 250 to 270 basis points (previous guidance was 200 to 250). Finally, we are also increasing our full year outlook for free cash flow to approximately $260 million.”