Zurn Water Solutions Corporation (NYSE: ZWS) reported Q1 EPS of $0.29, $0.03 better than the analyst estimate of $0.26. Revenue for the quarter came in at $374 million versus the consensus estimate of $369.47 million.

Second Quarter Outlook

Based on demand trends as we exited the first quarter and the month of April, we believe net sales for the second quarter will be up low single digits on a pro forma core(1) basis and adjusted EBITDA(1) margin will be between 24.5% and 25.0%. For the full year outlook we continue to have confidence in our ability to drive growth in 2024 and deliver $250 million of free cash flow(1). We are increasing our full year adjusted EBITDA(1) margin expectation to now deliver approximately 150 bps to 200 bps of year over year adjusted EBITDA(1) margin expansion.

For earnings history and earnings-related data on Zurn Water Solutions Corporation (ZWS) click here.