Zurn Elkay Water Solutions Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 04:13 pm EDT
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Zurn Elkay Water Solutions Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 398.4 million compared to USD 417.7 million a year ago. Net income was USD 41.4 million compared to net loss of USD 19.1 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to basic loss per share from continuing operations of USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to diluted loss per share from continuing operations of USD 0.11 a year ago. Basic earnings per share was USD 0.24 compared to basic loss per share of USD 0.11 a year ago. Diluted earnings per share was USD 0.24 compared to diluted loss per share of USD 0.11 a year ago.
For the nine months, sales was USD 1,173.7 million compared to USD 941.5 million a year ago. Net income was USD 98.8 million compared to USD 47.5 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.33 a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 0.32 a year ago. Basic earnings per share was USD 0.57 compared to USD 0.33 a year ago. Diluted earnings per share was USD 0.56 compared to USD 0.33 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 
