Zurn Elkay Earnings Reports

Zurn Elkay Water Solutions reported a solid fourth quarter with a 4% increase in net sales, driven by core sales growth across nearly all product categories. Adjusted EPS increased to $0.32, and adjusted EBITDA margin expanded by 100 basis points. The company also deployed $20 million to repurchase shares.

Zurn Elkay Water Solutions reported a 3% increase in net sales to $410 million, with a 3% core sales growth. Net income from continuing operations rose to $44 million, with diluted EPS at $0.25. Adjusted EPS increased to $0.34, and adjusted EBITDA reached $105 million, representing 25.6% of net sales. The company also deployed $50 million to repurchase 1.6 million shares and increased the quarterly dividend by 13%.

Zurn Elkay Water Solutions reported a 2% increase in net sales to $412 million. Net income from continuing operations rose to $45 million, with adjusted EPS at $0.33. The company saw a significant improvement in adjusted EBITDA, reaching $104 million, and deployed $61 million to repurchase 1.9 million shares.

Zurn Elkay Water Solutions reported first quarter 2024 financial results with net sales of $374 million, net income from continuing operations of $34 million, and adjusted EPS of $0.29. The company saw growth in profitability and free cash flow, exceeding expectations for the quarter.

Zurn Elkay Water Solutions reported a 5% increase in net sales to $357 million for Q4 2023, with core sales also up by 5%. Adjusted EBITDA increased to $84 million, representing 23.6% of net sales, driven by improved commodity and transportation costs and cost synergies. The company deployed $25 million to repurchase 0.8 million shares and prepaid $60 million of its outstanding Term Loan.

Zurn Elkay Water Solutions reported a decrease in net sales by 5% to $398 million. However, the company's adjusted EBITDA margin improved significantly, reaching 24.1%, and adjusted EPS increased to $0.29. The company also raised its free cash flow outlook to approximately $230 million for the year.

Zurn Elkay Water Solutions reported a 42% increase in net sales to $403 million for the second quarter of 2023. The company's adjusted EPS was $0.24, and adjusted EBITDA was $87 million, representing 21.6% of net sales. Demand trends remained constructive, with pro forma orders increasing high single digits year over year.

Zurn Elkay Water Solutions reported a strong start to the year with net sales increasing by 55% to $372 million. The company's adjusted EBITDA was $72 million, representing 19.5% of net sales. They also deployed $37 million to share repurchases.

Zurn Elkay Water Solutions reported a 46% increase in net sales to $340 million for the fourth quarter of 2022. Net income from continuing operations was $10 million, or $0.06 diluted EPS. The company completed $25 million of common stock repurchases during the quarter and authorized a plan to repurchase up to $500 million of its common stock.

Zurn Elkay Water Solutions reported an 82% increase in net sales to $418 million, driven by the acquisition of Elkay Manufacturing Company. Adjusted EPS increased to $0.26, while the company experienced a net loss from continuing operations of $(19) million, impacted by transaction and restructuring costs.

Zurn Elkay Water Solutions reported a strong second quarter with a 17% increase in net sales to $284 million and adjusted EPS of $0.32. Core sales grew by 15%, and the company successfully completed its combination with Elkay Manufacturing Company on July 1, 2022.

Zurn Water Solutions reported a 17% increase in net sales to $240 million for the first quarter of 2022. Net income from continuing operations was $29 million, or $0.23 per diluted share, compared to $10 million, or $0.08 per diluted share, in the year-ago quarter. Adjusted EPS was $0.24 compared to $0.13 in the prior year. Adjusted EBITDA was $52 million, representing 21.7% of net sales.

Zurn Water Solutions reported a 23% increase in net sales to $232 million for the fourth quarter of 2021. Adjusted EPS was $0.22, and Adjusted EBITDA reached $45 million. The company completed the acquisition of Wade Drains and saw core sales grow by 16%.

Zurn Water Solutions reported a strong third quarter with net sales of $557 million, a 15% increase year-over-year. Core sales grew by 5%, and adjusted EPS reached $0.55. The company is well-positioned for future growth and expects double-digit core growth in 2022.

Rexnord Corporation reported a strong second quarter with net sales of $568 million, a 27% increase year-over-year. Net income was $73 million, or $0.59 per diluted share, compared to $36 million, or $0.29 per diluted share, in the year-ago quarter. Adjusted EPS was $0.58 compared to $0.36 in the year-ago quarter. Adjusted EBITDA was $133 million, or 23.5% of net sales, compared to $103 million, or 23.0% of net sales, in the year-ago quarter.

Rexnord reported net sales of $490 million, a slight decrease compared to the previous year. Net income was $37 million, with adjusted EPS at $0.39. The company highlighted growth in its Water Management platform and improving conditions in its Process & Motion Control platform, excluding aerospace.

Rexnord reported net sales of $494 million, a 5% decrease compared to the previous year. Net income from continuing operations was $45 million, or $0.37 per diluted share, compared to $57 million, or $0.46 per diluted share, in the year-ago quarter. Adjusted EPS was $0.47 compared to $0.51 in the prior year. Adjusted EBITDA was $109 million, representing 22.0% of net sales, compared to $118 million, or 22.7% of net sales, in the previous year.

Rexnord Corporation reported net sales of $449 million, a 12% decrease compared to the previous year's June quarter. Net income from continuing operations was $36 million, or $0.29 per diluted share, compared to $49 million, or $0.39 per diluted share, in the year-ago quarter. Adjusted EPS was $0.36, down from $0.48 in the prior year, while Adjusted EBITDA was $103 million, representing 23.0% of net sales.