Latest news with #ToddA.Adams
Yahoo
03-06-2025
- Business
- Yahoo
Unpacking Q1 Earnings: Zurn Elkay (NYSE:ZWS) In The Context Of Other HVAC and Water Systems Stocks
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let's have a look at Zurn Elkay (NYSE:ZWS) and its peers. Many HVAC and water systems companies sell essential, non-discretionary infrastructure for buildings. Since the useful lives of these water heaters and vents are fairly standard, these companies have a portion of predictable replacement revenue. In the last decade, trends in energy efficiency and clean water are driving innovation that is leading to incremental demand. On the other hand, new installations for these companies are at the whim of residential and commercial construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. The 9 hvac and water systems stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 2.1% while next quarter's revenue guidance was 0.7% below. In light of this news, share prices of the companies have held steady as they are up 2.8% on average since the latest earnings results. Claiming to have saved more than 30 billion gallons of water, Zurn Elkay (NYSE:ZWS) provides water management solutions to various industries. Zurn Elkay reported revenues of $388.8 million, up 4% year on year. This print exceeded analysts' expectations by 1.4%. Despite the top-line beat, it was still a mixed quarter for the company with a solid beat of analysts' adjusted operating income estimates but a significant miss of analysts' organic revenue estimates. Todd A. Adams, Chairman and Chief Executive Officer, commented, 'We had a solid start to 2025, delivering first quarter core sales(1) growth of 5% along with 25.2% adjusted EBITDA margins(1), an increase of 110 basis points year over year. We also returned significant capital to shareholders in the form of $77 million in share repurchases and $15 million in dividends while maintaining leverage(1) at 0.9x.' The stock is up 14.6% since reporting and currently trades at $35.69. Is now the time to buy Zurn Elkay? Access our full analysis of the earnings results here, it's free. Backed by two million square feet of lab testing space, AAON (NASDAQ:AAON) makes heating, ventilation, and air conditioning equipment for different types of buildings. AAON reported revenues of $322.1 million, up 22.9% year on year, outperforming analysts' expectations by 10.9%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. AAON scored the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems content with the results as the stock is up 2.5% since reporting. It currently trades at $93.40. Is now the time to buy AAON? Access our full analysis of the earnings results here, it's free. Originally started as a farm water drainage company, Advanced Drainage Systems (NYSE:WMS) provides clean water management solutions to communities across America. Advanced Drainage reported revenues of $615.8 million, down 5.8% year on year, falling short of analysts' expectations by 6.8%. It was a disappointing quarter as it posted a miss of analysts' Infiltrators revenue estimates and full-year revenue guidance missing analysts' expectations significantly. Advanced Drainage delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. As expected, the stock is down 9.5% since the results and currently trades at $110.14. Read our full analysis of Advanced Drainage's results here. Credited with the invention of the glass-lined water heater, A.O. Smith (NYSE:AOS) manufactures water heating and treatment products for various industries. A. O. Smith reported revenues of $963.9 million, down 1.5% year on year. This print beat analysts' expectations by 1.1%. It was a strong quarter as it also logged an impressive beat of analysts' EBITDA estimates and a solid beat of analysts' organic revenue estimates. The stock is down 1.9% since reporting and currently trades at $63.60. Read our full, actionable report on A. O. Smith here, it's free. Based in Texas and founded over a century ago, Lennox (NYSE:LII) is a climate control solutions company offering heating, ventilation, air conditioning, and refrigeration (HVACR) goods. Lennox reported revenues of $1.07 billion, up 2.4% year on year. This result topped analysts' expectations by 4.6%. Overall, it was a very strong quarter as it also recorded a solid beat of analysts' organic revenue estimates and a decent beat of analysts' EPS estimates. The stock is down 1.3% since reporting and currently trades at $551.78. Read our full, actionable report on Lennox here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. 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Business Wire
29-04-2025
- Business
- Business Wire
USA TODAY Names Zurn Elkay Water Solutions One of America's Climate Leaders
MILWAUKEE--(BUSINESS WIRE)--Zurn Elkay Water Solutions Corporation (NYSE: ZWS) was named one of America's Climate Leaders 2025 by USA TODAY and Statista. "In addition to our own sustainability efforts, we are proud to help our customers meet their sustainability goals—including water conservation, water quality and the elimination of single-use plastic water bottles,' said Todd A. Adams, chairman and CEO. The ranking highlights the U.S.-based companies that have reduced their greenhouse gas (GHG) emissions intensity the most between 2021 and 2023, as measured by GHG emissions relative to revenue. According to Statista's analysis, Zurn Elkay achieved a 33.0% reduction in greenhouse gas intensity over the three-year period. Among the 500 companies on the list, Zurn Elkay ranked No. 55 overall, No. 3 in the Capital Goods sector and No. 1 among 15 Wisconsin-based companies. 'It's an honor to earn recognition for our efforts, and we applaud all of the organizations on the list for their GHG emissions reduction efforts,' said Todd A. Adams, Chairman and CEO of Zurn Elkay Water Solutions. 'In addition to our own sustainability efforts, we are proud to offer a comprehensive selection of products to help our customers meet their sustainability goals—including water conservation, water quality and the elimination of single-use plastic water bottles.' Zurn Elkay was ranked based on publicly available and independently verified emission data reporting of the year-over-year reduction in Scope 1 and Scope 2 emissions intensity (compound annual reduction rate), CDP rating and broader environmental record. Zurn Elkay has also been recognized by Statista and partners Newsweek (America's Most Responsible Companies 2021-2025) and TIME (World's Best Companies for Sustainable Growth 2025). To learn more about Zurn Elkay Water Solutions and its sustainability efforts, including the company's most recent sustainability report, visit About Zurn Elkay Water Solutions Named one of America's Most Responsible Companies and one of America's Greenest Companies by Newsweek and one of the World's Best Companies for Sustainable Growth by TIME, Zurn Elkay Water Solutions is headquartered in Milwaukee, WI, and is a growth-oriented, pure-play water management business that designs, procures, manufactures and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety and the environment. The Zurn Elkay product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products and filtered drinking water products for public and private spaces. Learn more at
Yahoo
29-04-2025
- Business
- Yahoo
USA TODAY Names Zurn Elkay Water Solutions One of America's Climate Leaders
Zurn Elkay ranked No. 55 on the list of 500, No. 3 in the Capital Goods Sector and No. 1 among Wisconsin-based companies MILWAUKEE, April 23, 2025--(BUSINESS WIRE)--Zurn Elkay Water Solutions Corporation (NYSE: ZWS) was named one of America's Climate Leaders 2025 by USA TODAY and Statista. The ranking highlights the U.S.-based companies that have reduced their greenhouse gas (GHG) emissions intensity the most between 2021 and 2023, as measured by GHG emissions relative to revenue. According to Statista's analysis, Zurn Elkay achieved a 33.0% reduction in greenhouse gas intensity over the three-year period. Among the 500 companies on the list, Zurn Elkay ranked No. 55 overall, No. 3 in the Capital Goods sector and No. 1 among 15 Wisconsin-based companies. "It's an honor to earn recognition for our efforts, and we applaud all of the organizations on the list for their GHG emissions reduction efforts," said Todd A. Adams, Chairman and CEO of Zurn Elkay Water Solutions. "In addition to our own sustainability efforts, we are proud to offer a comprehensive selection of products to help our customers meet their sustainability goals—including water conservation, water quality and the elimination of single-use plastic water bottles." Zurn Elkay was ranked based on publicly available and independently verified emission data reporting of the year-over-year reduction in Scope 1 and Scope 2 emissions intensity (compound annual reduction rate), CDP rating and broader environmental record. Zurn Elkay has also been recognized by Statista and partners Newsweek (America's Most Responsible Companies 2021-2025) and TIME (World's Best Companies for Sustainable Growth 2025). To learn more about Zurn Elkay Water Solutions and its sustainability efforts, including the company's most recent sustainability report, visit About Zurn Elkay Water Solutions Named one of America's Most Responsible Companies and one of America's Greenest Companies by Newsweek and one of the World's Best Companies for Sustainable Growth by TIME, Zurn Elkay Water Solutions is headquartered in Milwaukee, WI, and is a growth-oriented, pure-play water management business that designs, procures, manufactures and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety and the environment. The Zurn Elkay product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products and filtered drinking water products for public and private spaces. Learn more at View source version on Contacts Media Relations Angela Hersil, VP – Corporate Communications855-480-5050 or Investor Relations Dave Pauli, Chief Financial Officer414-223-7770 Sign in to access your portfolio
Yahoo
24-03-2025
- Business
- Yahoo
Zurn Elkay Water Solutions Named a 2025 Top Workplace USA
MILWAUKEE, March 24, 2025--(BUSINESS WIRE)--Zurn Elkay Water Solutions (NYSE: ZWS) announced today it has earned the 2025 Top Workplaces USA award, issued by Energage and USA Today. Top Workplaces USA celebrates organizations that have built great cultures, and winners are chosen solely based on employee feedback gathered through an employee engagement survey issued by Energage. "We are focused on making Zurn Elkay Water Solutions a company where people want to grow their careers and thrive," said Todd A. Adams, Chairman and CEO. "We're both pleased and humbled to see our associates acknowledge those efforts and recognize us as a Top Workplace where we invest in them and their futures." Zurn Elkay fosters a workplace that empowers its associates to make a real impact aligned to the company's water-focused mission. In addition to existing benefits such as 20 hours of volunteer time annually, the company introduced a new employee stock purchase program that offers associates the opportunity to purchase at a discount as an additional long-term investment option. An expansion of professional development opportunities led to an all-time high of 18.6 hours of formal training per associate on average in 2024. The Top Workplaces award has a 15-year history of surveying over 20 million employees and recognizing the top organizations across 60 markets for regional Top Workplaces awards. Over 42,000 organizations were invited to participate in the Top Workplaces USA survey, which calculates results by comparing the survey's research-based statements, including 15 Culture Drivers that are proven to predict high performance against industry benchmarks. About Zurn Elkay Water SolutionsNamed one of America's Most Responsible Companies and one of America's Greenest Companies by Newsweek and one of the World's Best Companies for Sustainable Growth by TIME, Zurn Elkay Water Solutions is headquartered in Milwaukee, WI, and is a growth-oriented, pure-play water management business that designs, procures, manufactures and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety and the environment. The Zurn Elkay product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products and filtered drinking water products for public and private spaces. Learn more at View source version on Contacts Media Contact: Angela Hersil, Vice President – Corporate Sign in to access your portfolio
