Latest news with #ToddAdams
Yahoo
12-05-2025
- General
- Yahoo
Baby fox rescued after falling into irrigation drain in Farmington
FARMINGTON, Utah () — A baby fox was rescued after falling into an irrigation drain over the weekend in Farmington. According to the City of Farmington, on Saturday, May 10, the fire department received a call from a resident who found a baby fox had fallen into a round irrigation valve vault. The fire crew and Todd Adams, the Deputy Director of the Utah Department of Natural Resources, who is also a Farmington resident, responded. Adams called local conservation officers with the Utah DNR Division of Law Enforcement to help with the rescue. After being lifted out of the concrete vault, the baby fox ran into its den nearby. 'A big shout out to Todd Adams and his professional conservation officer team,' Farmington City wrote in a of the fox. BYU leads in student inventor patents, recent study shows President Trump defends plan to accept Qatari luxury jet The Walk to Cure Arthritis brings hope to those suffering Show Up for Teachers provides $40K in grants through Utah What the decade-long planning for Utah's 2034 Olympics will look like Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
24-04-2025
- Business
- Yahoo
Zurn Elkay Water Solutions Corp (ZWS) Q1 2025 Earnings Call Highlights: Strong Growth Amid ...
Revenue: First quarter sales totaled $389 million, representing 5% core growth. EBITDA Margin: Adjusted EBITDA margin expanded 110 basis points year over year to 25.2%. Adjusted EBITDA: First quarter adjusted EBITDA was $98 million. Cash Flow: Cash flow ahead of expectations. Net Debt Leverage: Ended the quarter with leverage below 1 at 0.9 times. Share Repurchases: Deployed $77 million to repurchase shares in the quarter. Tariff Impact: Expected tariff cost impact for 2025 between $45 million and $55 million. Supply Chain Strategy: Direct material spend from China to be under $30 million by the end of 2026. Filtered Water Delivery: 600 million gallons delivered in Q1, up 33% year over year. Warning! GuruFocus has detected 3 Warning Sign with ZWS. Release Date: April 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Zurn Elkay Water Solutions Corp (NYSE:ZWS) reported a solid Q1 with 5% organic growth and a 110 basis point improvement in EBITDA margins year over year. The company achieved cash flow ahead of expectations, indicating strong financial management. ZWS has a strategic plan to reduce its supply chain exposure to China, aiming for only 2% to 3% of COGS from China by the end of 2026. The company has been recognized for its sustainability efforts, including delivering 600 million gallons of filtered water in Q1, a 33% increase over the prior year. ZWS ended the quarter with a strong balance sheet, maintaining a net debt leverage below 1 at 0.9 times, even after deploying $77 million for share repurchases. The company faces potential cost increases due to tariffs, with an expected impact of $45 million to $55 million in 2025. There is uncertainty regarding the impact of tariffs on future pricing and demand, which could affect financial performance. ZWS's residential and certain commercial segments within non-residential markets showed softness, partially offsetting growth. The company is operating in an environment with potential new tariffs or added costs for the foreseeable future, which could impact profitability. There is a risk of demand destruction due to price increases, although the extent is currently unknown. Q: Can you provide more details on the volume and price contribution for the year, and any operating adjustments to navigate the current environment? A: Todd Adams, CEO: We expect price increases to generate price well above the 1% initially discussed, but it's too early to specify changes to guidance due to market uncertainties. Our supply chain and pricing strategies give us confidence in meeting our guidance despite these uncertainties. Q: How are tariffs impacting your pricing strategy, and do you expect any demand destruction as a result? A: Todd Adams, CEO: We aim to be price/cost neutral at a minimum on a dollar basis. While there could be some demand destruction, it's too early to quantify. We expect net price increases to benefit our top line, but we'll update as the situation evolves. Q: With the potential reduction in Chinese imports and possible tariff changes, will you maintain current pricing? A: Todd Adams, CEO: Historically, we haven't retraced prices. However, given the unusual environment, we'll need to be strategic to support the industry and our customers. We monitor competitive pricing closely and will adapt as necessary. Q: Have you seen any changes in the education vertical or hesitancy from customers due to potential government spending cuts? A: Todd Adams, CEO: We have not observed any slowing or increased hesitancy in the education vertical. We remain confident in our positioning and ability to manage any changes effectively. Q: How does your cost structure compare to competitors, and how are you positioned in the current tariff environment? A: Todd Adams, CEO: We believe we are extraordinarily well-positioned from a cost perspective. Our supply chain strategy and competitive pricing align us well with industry peers, ensuring we maintain a strong market position. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
