Zurn Water Solutions Corporation ( (ZWS) ) has released its Q4 earnings. Here is a breakdown of the information Zurn Water Solutions Corporation presented to its investors.
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Zurn Elkay Water Solutions Corporation is a Milwaukee-based company specializing in water management solutions, known for its focus on sustainable product development in the water safety and control sector. In its latest earnings report, Zurn Elkay Water Solutions reported a successful fourth quarter and full year for 2024, with net sales of $371 million for the quarter and $1.567 billion for the year, marking a 4% and 2% increase respectively compared to the previous year. The company achieved a net income of $36 million for the quarter, a significant jump from $14 million in the same quarter last year, and $159 million for the year, up from $104 million in 2023. Key financial highlights include an increase in adjusted EBITDA to $91 million for the quarter and $390 million for the year, alongside strategic moves like repurchasing $150 million worth of common stock and achieving a record free cash flow of $272 million. Looking ahead, Zurn Elkay remains confident in its strategic growth initiatives and aims to maintain its focus on continuous improvement and sustainability. The company anticipates similar core sales growth in 2025 and projects adjusted EBITDA between $405 million and $420 million, supported by its strong financial foundation and commitment to delivering shareholder value.
