NYSE$ZWS
Zurn Elkay Water Solutions Corporation · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Zurn Elkay Water Solutions reported third quarter results, highlighted by increased net sales and adjusted EPS.
Zurn Elkay Water Solutions reported an 82% increase in net sales to $418 million, driven by the acquisition of Elkay Manufacturing Company. Adjusted EPS increased to $0.26, while the company experienced a net loss from continuing operations of $(19) million, impacted by transaction and restructuring costs.
- Completed the combination with Elkay Manufacturing Company on July 1, 2022.
- Net sales increased 82% to $418 million compared to the previous year.
- Net loss from continuing operations was $(19) million, or $(0.11) per share.
- Adjusted EPS was $0.26, compared to $0.19 in the year-ago quarter.
Headline financials
Revenue & EPS history
Zurn Elkay · Revenue · Quarterly
$418M
Forward guidance
For the fourth quarter, the company expects sales to be in a range of $350 million to $365 million and consolidated EBITDA margins to range between 20.0% and 21.0%.
Tailwinds
- Unique set of competitive advantages.
- 98% plus exposed to the North American market.
- Highly levered to the institutional markets.
- Variable business model will quickly benefit from an improving supply chain.
- Benefiting from a strong US dollar.
Headwinds
- Customer sentiment and market behavior will be more volatile.
- Deteriorating macro-environment.
- Reducing sales expectations for the residential portion of our business.
- Executing on an incremental $10 million of Elkay residential commodity, private label, and OEM product line exits.
- Fewer shipping days and traditional seasonality in the fourth quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+1.0%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+4.7%
Avg return
30 days after
62%
36 / 58 earnings
Positive
+13.5%
Q4 2020
Best reaction
-18.5%
Q1 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +9.4% | +10.1% | +0.1% | |
| Q4 2025 | +10.0% | +11.6% | +0.7% | |
| Q3 2025 | +3.6% | +2.2% | +3.6% | |
| Q1 2025 | +4.9% | +8.3% | +14.1% | |
| Q4 2024 | -3.3% | -3.6% | -10.2% | |
| Q3 2024 | -0.4% | +2.8% | +10.0% | |
| Q2 2024 | +0.7% | -5.3% | +0.0% | |
| Q1 2024 | +0.1% | -1.2% | -1.1% | |
| Q4 2023 | +6.4% | +3.3% | +2.7% | |
| Q3 2023 | +5.0% | +9.9% | +13.0% | |
| Q2 2023 | +6.6% | +11.4% | +5.6% | |
| Q1 2023 | -4.5% | +0.7% | +3.7% | |
| Q4 2022 | +8.0% | +4.3% | +0.0% | |
| Q3 2022 | -8.1% | -5.8% | +2.6% | |
| Q2 2022 | -8.9% | -6.9% | -2.6% | |
| Q1 2022 | -7.1% | -10.3% | -20.4% | |
| Q4 2021 | +4.9% | +0.7% | +8.7% | |
| Q3 2021 | -1.1% | -0.3% | +2.1% | |
| Q2 2021 | +9.2% | +8.7% | +22.4% | |
| Q1 2021 | +1.6% | +2.8% | +5.9% | |
| Q4 2020 | +13.5% | +11.7% | +18.6% | |
| Q3 2020 | -4.1% | -0.0% | +19.5% | |
| Q2 2020 | -1.2% | -5.4% | -2.7% | |
| Q1 2020 | -9.4% | -13.5% | +22.0% | |
| Q4 2019 | +1.4% | +0.5% | +4.5% | |
| Q3 2019 | +5.3% | +6.1% | +9.1% | |
| Q2 2019 | +11.0% | +17.3% | +15.3% | |
| Q1 2019 | -0.9% | -0.7% | +2.8% | |
| Q4 2018 | -1.2% | +0.6% | +4.0% | |
| Q3 2018 | +4.5% | -2.9% | -0.2% | |
| Q2 2018 | -2.2% | -1.9% | -4.0% | |
| Q1 2018 | +0.4% | -0.6% | +0.5% | |
| Q4 2017 | -0.3% | -0.3% | +1.2% | |
| Q3 2017 | -1.1% | +1.9% | +4.6% | |
| Q2 2017 | -11.7% | -6.2% | +3.7% | |
| Q1 2017 | +2.5% | +0.5% | +10.7% | |
| Q4 2016 | -3.1% | — | — | |
| Q3 2016 | +2.8% | — | — | |
| Q2 2016 | +10.4% | — | — | |
| Q1 2016 | +2.6% | — | — | |
| Q4 2015 | -6.6% | — | — | |
| Q3 2015 | +1.6% | — | — | |
| Q2 2015 | -3.8% | — | — | |
| Q1 2015 | +0.8% | — | — | |
| Q4 2014 | -4.5% | — | — | |
| Q3 2014 | -4.3% | — | — | |
| Q2 2014 | +6.1% | — | — | |
| Q1 2014 | +4.7% | — | — | |
| Q4 2013 | +5.4% | — | — | |
| Q3 2013 | +3.5% | — | — | |
| Q3 2012 | +3.5% | — | — | |
| Q2 2013 | +1.6% | — | — | |
| Q1 2012 | -18.5% | — | — | |
| Q1 2013 | +1.6% | — | — | |
| Q4 2012 | +2.6% | — | — | |
| Q4 2011 | +2.6% | — | — | |
| Q2 2012 | +2.6% | — | — | |
| Q4 2010 | +2.6% | — | — |
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