Zurn Elkay Water Solutions Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 26, 2022 at 04:34 pm EDT
Share
Zurn Elkay Water Solutions Corporation reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 284.2 million compared to USD 243.7 million a year ago. Net income was USD 36.4 million compared to USD 73.2 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.17 a year ago. Basic earnings per share was USD 0.29 compared to USD 0.61 a year ago. Diluted earnings per share was USD 0.28 compared to USD 0.59 a year ago.
For the six months, sales was USD 523.8 million compared to USD 448.9 million a year ago. Net income was USD 66.6 million compared to USD 123.2 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 0.25 a year ago. Basic earnings per share was USD 0.53 compared to USD 1.03 a year ago. Diluted earnings per share was USD 0.52 compared to USD 0.99 a year ago.
Zurn Elkay Water Solutions Corp is a pure-play water management company. The Company designs, procures, manufactures, and markets a sustainable product portfolio of specification-driven water management solutions to improve health, human safety and the environment. The Company's product portfolio includes professional grade water safety and control products, flow system products, hygienic and environmental products, and filtered drinking water products for public and private spaces. Its products are marketed and sold under various brand names, including Zurn, Elkay, Wilkins, Green Turtle, World Dryer, StainlessDrains.com, JUST, Hadrian, Wade, and Halsey Taylor. It serves various range of institutional and commercial end markets, and waterworks and residential end markets. The institutional construction end users include education, healthcare, and government segments. The commercial construction end users include retail, office, lodging, dining, warehouse, and sports arena segments.
ZURN ELKAY WATER SOLUTIONS CORPORATION 
