Zurn Water Solutions Corporation (ZWS) Tops Q2 EPS by 2c; offers outlook

Zurn Water Solutions Corporation (NYSE: ZWS) reported Q2 EPS of $0.33, $0.02 better than the analyst estimate of $0.31. Revenue for the quarter came in at $412 million versus the consensus estimate of $408.63 million.

OUTLOOK

For the third quarter, we expect pro forma core sales(1) growth in the low single digit range and an adjusted EBITDA(1) margin of approximately 25%. We are again raising our expected full year adjusted EBITDA(1) margin expansion to 200 to 250 basis points (previous guidance was 150 to 200) of adjusted EBITDA(1) margin expansion over the prior year and now expect full year free cash flow(1) to exceed $250 million.”

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

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