Zurn Water Solutions Reports Solid Q4 Earnings, Exceeding Expectations
MILWAUKEE - Zurn Water Solutions Corporation (ZWS) announced its fourth-quarter earnings on Tuesday, surpassing Wall Street estimates.
Q4 Results:
* Earnings: $36.4 million
* Earnings per share: 21 cents
* Adjusted earnings per share: 32 cents
Annual Results:
* Earnings: $160.2 million
* Earnings per share: 92 cents
* Revenue: $1.57 billion
Key Metrics:
* Revenue: $370.7 million (Q4)
* Revenue: $366.6 million (Q4, analyst consensus)
Analyst Outlook:
ZWS's earnings of 32 cents per share beat the Zacks Investment Research consensus estimate of 29 cents. Its revenue of $370.7 million also exceeded analyst expectations of $366.6 million.
The company's strong performance was driven by increased demand for its motion control and water management products.