Zurn Water Solutions Corporation (ZWS) Tops Q4 EPS by 3c; offers outlook

Zurn Water Solutions Corporation (NYSE: ZWS) reported Q4 EPS of $0.26, $0.03 better than the analyst estimate of $0.23. Revenue for the quarter came in at $357 million versus the consensus estimate of $350.54 million.

First Quarter and Full Year Outlook

“Based on demand trends as we exited the fourth quarter and the month of January, we believe net sales for the first quarter will be up low single digits on a proforma basis and adjusted EBITDA(1) margin will be between 23.5% and 24.0%. As we look ahead to the full year we have confidence in our ability to drive growth and deliver approximately 150 bps of year over year adjusted EBITDA margin expansion. Additionally, we see our full year 2024 outlook for free cash flow(1) to be approximately $250 million.\"

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

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