Zurn Water Solutions Corporation (ZWS) Tops Q3 EPS by 2c, provides outlook

Zurn Water Solutions Corporation (NYSE: ZWS) reported Q3 EPS of $0.34, $0.02 better than the analyst estimate of $0.32. Revenue for the quarter came in at $410 million versus the consensus estimate of $406.16 million.

Fourth Quarter Outlook

“Based on demand trends as we exited the third quarter and the month of October, we believe core(1) net sales for the fourth quarter will be up low single digits and adjusted EBITDA(1) will be between $88 million and $90 million. This brings the full year adjusted EBITDA(1) to approximately $387 million to $389 million, which results in us again raising our expected full year adjusted EBITDA margin(1) expansion to 250 to 270 basis points (previous guidance was 200 to 250). Finally, we are also increasing our full year outlook for free cash flow(1) to approximately $260 million.”

For earnings history and earnings-related data on Zurn Water Solutions Corporation (ZWS) click here.

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