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Zurn Water Solutions (ZWS)
NYSE:ZWS
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.28Last Year’s EPS
0.26Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2022
|% Change Since: 6.53%
|Next Earnings Date:Jul 26, 2022
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment, with the company exceeding financial expectations and raising its outlook for the year. Strong shareholder returns and sustainability initiatives further supported the positive outlook, despite some concerns about flat residential sales and dependency on projected construction starts.Company Guidance
During the Zurn Elkay Water Solutions Q3 2024 earnings call, guidance was notably positive, with the company raising its full-year outlook for several key metrics. The third quarter saw a core growth of 4%, which translated into a 9% adjusted EBITDA growth, pushing margins to 25.6%—a 150 basis point expansion year-over-year. The company's free cash flow for the quarter was $87 million, with $50 million allocated to repurchase 1.6 million shares, and leverage reduced to 0.8x. For the full year, Zurn Elkay anticipates free cash flow around $260 million, and has raised its dividend by 12.5% to $0.09 per quarter. Additionally, the company expects a year-over-year margin expansion of 250 to 270 basis points, reflecting strong operational performance and confidence in market resilience.Strong Financial Performance
Exceeded Q3 guidance with 4% core growth leading to 9% adjusted EBITDA growth; margins expanded to 25.6%, a 150 basis points increase year-over-year.
Increased Full Year Outlook
Raised full-year outlook for margin expansion to 250-270 basis points and free cash flow expectation to approximately $260 million.
Shareholder Returns
Repurchased 1.6 million shares for $50 million and raised the dividend by 12.5% to $0.09 per quarter.
Sustainability Initiatives
Highlighted progress in sustainability, including collaborations in Michigan for clean drinking water in schools.
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ZWS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ZWS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $35.84 | $35.82 | -0.06% |
| Jul 30, 2024 | $32.08 | $32.30 | +0.69% |
| Apr 23, 2024 | $32.51 | $31.88 | -1.94% |
| Feb 06, 2024 | $31.56 | $32.87 | +4.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Zurn Water Solutions (ZWS) report earnings?
Zurn Water Solutions (ZWS) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Zurn Water Solutions (ZWS) earnings time?
Zurn Water Solutions (ZWS) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ZWS EPS forecast?
ZWS EPS forecast for the fiscal quarter 2024 (Q4) is 0.28.
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