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Zurn Elkay (NYSE:ZWS) Projects Adjusted EBITDA Between USD 88-90M for Q42024
Highlights
Zurn Elkay Water Solutions Corp (NYSE:ZWS) provides clean water solutions. The pure-play water management company has a market cap of USD 6.73bn.
In third quarter of the financial year 2024 (Q3FY24), ZSW saw notable improvements in profitability compared to Q3FY23, with gross profit margin rising from 38.96% to 42.59%, EBITDA margin increasing from 21.08% to 23.12%, and operating margin climbing from 15.64% to 17.78%. Income before tax margin grew from 11.97% to 14.73%, and net margin increased from 8.84% to 10.61%.
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