Every material Form 8-K Zurn Elkay Water Solutions filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Zurn Elkay reported third-quarter 2024 net sales of $410 million, up from $398 million a year earlier, and net income from continuing operations of $44 million, up from $35 million. The company raised its full-year adjusted EBITDA margin expansion outlook to 250 to 270 basis points and its free cash flow outlook to approximately $260 million, which points to stronger results for shareholders.
Q3 net sales of $410 million vs. $398 million a year earlier; core sales up 3%
Diluted EPS from continuing operations of $0.25 vs. $0.20; adjusted EPS of $0.34 vs. $0.29
Full-year adjusted EBITDA now expected at approximately $387 million to $389 million; free cash flow outlook raised to about $260 million
Quarterly dividend increased 13% to $0.09 per share; $50 million used to repurchase 1.6 million shares in the quarter
Zurn Elkay Water Solutions reported second-quarter 2024 net sales of $412.0 million, up 2% from $403.2 million a year earlier, and net income of $46.0 million, up from $34.6 million. The company raised its full-year adjusted EBITDA margin expansion guidance to 200 to 250 basis points from 150 to 200 and expects full-year free cash flow to exceed $250 million, which bears directly on shareholder returns and the company's ability to keep repurchasing stock.
Net sales were $412.0 million, up 2% from $403.2 million; core sales grew 2%.
Diluted EPS from continuing operations was $0.26, versus $0.19; adjusted EPS was $0.33, versus $0.24.
Adjusted EBITDA was $104.3 million, or 25.3% of net sales, versus $87.0 million, or 21.6%, a year earlier.
Full-year adjusted EBITDA margin expansion guidance raised to 200 to 250 basis points from 150 to 200; full-year free cash flow expected to exceed $250 million.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Zurn Elkay Water Solutions filing is on SEC EDGAR ↗. 8-K briefs of other companies →