Latest news with #ZurnElkay
Yahoo
2 days ago
- 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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Yahoo
22-05-2025
- Business
- Yahoo
Erie's Public Schools and Zurn Elkay Water Solutions Announce Donation for Cleaner, Healthier, Safer Drinking Water
This summer Erie's Public Schools (EPS) will install 50 donated Elkay filtered bottle filling stations in nine elementary schools and convert all faucets at the district's Culinary Center, ensuring cleaner, healthier, safer drinking water. Donated Elkay filters are tested and certified to reduce lead, PFAS, microplastics and other harmful contaminants. Donation is part of Zurn Elkay's yearlong celebration of the 125th anniversary of the company's founding in Erie, home to 160 associates and three manufacturing and R&D facilities. ERIE, Pa., May 22, 2025--(BUSINESS WIRE)--Zurn Elkay Water Solutions Corporation (NYSE: ZWS) and Erie's Public Schools (EPS) today announced the donation of 50 Elkay filtered bottle filling stations, eight filter conversion kits and five years of Elkay filters for each of the donated units, ensuring consistent delivery of cleaner, healthier, safer drinking water to students, faculty, staff and community members. In an event at EPS's JoAnna Connell Elementary School, 1820 E. 38th Street, Mayor Joseph V. Schember, incoming EPS Superintendent Natalyn Gibbs, EdD, and Zurn Elkay Chairman and CEO Todd A. Adams celebrated the donation with a class of first-grade students. This summer, the donated units will be installed across nine EPS elementary schools, replacing unfiltered drinking fountains with one filtered bottle filling station per 100 students; EPS has four Elkay filtered bottle filling stations already slated for installation at the new Edison Elementary School, set to open in Fall 2025. Additionally, all faucets in EPS's Culinary Center will be retrofitted to Elkay filtration, using donated conversion kits and filter cartridges. "As an urban school district that serves roughly 10,000 students and their families, it is important that Erie's Public Schools is a leader in the charge to provide access to clean, lead-free water," Dr. Gibbs said. "We are so grateful to our partners at Zurn Elkay Water Solutions for their incredibly generous donation, which helps us deliver the kind of healthy school environments that students need to thrive." Elkay filters are tested and certified to NSF/ANSI 42, 53 and 401 to reduce lead, PFAS (PFOA/PFOS), microplastics and other harmful contaminants. Since 2012, the use of Elkay bottle filling stations has eliminated the need for more than 103 billion single-use plastic bottles. "For kids across the country, including right here in Erie, school buildings are more than just places for learning and social growth—they're also a vital source of drinking water," said Adams. "Elkay filtered bottle filling stations and drinking fountains are an immediate and cost-effective solution to expensive and laborious infrastructure upgrades. We are so proud of our Erie heritage and that is why we are making this donation to help ensure that students, teachers and staff members have access to cleaner, healthier, safer drinking water." The donation is part of Zurn Elkay's yearlong celebration of the 125th anniversary of the company's founding in Erie. In 1900, the ambitious 26-year-old John A. Zurn purchased the patent and casts for a backwater valve from the local foundry and set up shop in his mother's barn in Erie. His entrepreneurial spirit, quest for growth and commitment to meeting—and exceeding—his customers' needs formed the foundation of today's Zurn Elkay Water Solutions. During the week of May 19-23, the company is commemorating the milestone with employee celebrations at its more than two dozen locations across the United States, including in Erie, where more than 160 associates are based. "For 125 years Zurn Elkay's associates have contributed to Erie's enduring legacy as a city that balances its commitment to its people, the potential of its industry, and the preservation of its natural resources," Mayor Schember said, issuing a proclamation of May 22, 2025, as "Zurn Elkay Water Solutions Day" in the City of Erie. "We are fortunate to have such a successful business in Erie, and I wish Zurn Elkay many more years of continued success." "John A. Zurn had the vision and the drive to prevent contamination of water sources… but he didn't do it alone," Adams added. "He had a family, friends, partners and a community to support him, and we're honored to have been part of that community for 125 years." For photos and video from today's announcement, please visit About Erie's Public Schools Erie's Public Schools consists of 16 schools that serve approximately 10,000 students each day. By actively engaging students in their learning through a high-quality, Common Core-aligned curriculum and excellent teaching, Erie's Public Schools is raising expectations and creating a culture of high expectations, collaboration, respect and accountability. Our primary objective is to prepare city students to establish and achieve their higher education and career goals. We invite you to explore to discover how the district is partnering with families and the community to improve students' lives. 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 Erica Erwin, Coordinator - PR & Strategic CommunicationsErie's Public Schoolseerwin@ / 814-874-6035 Angela Hersil, VP - Corporate CommunicationsZurn Elkay Water / 855-480-5050 Kyle Hannon, Director - CommunicationsCity of Eriekhannon@ / 814-870-1285
Yahoo
07-05-2025
- Business
- Yahoo
3 Stocks Under $50 with Questionable Fundamentals
Stocks in the $10-50 range offer a sweet spot between affordability and stability as they're typically more established than penny stocks. But their headline prices don't guarantee quality, and investors should exercise caution as some have shaky business models. These dynamics can cause headaches for even the most seasoned professionals, which is why we started StockStory - to help you separate the good companies from the bad. Keeping that in mind, here are three stocks under $50 to avoid and some other investments you should consider instead. Chewy (CHWY) Share Price: $38.05 Founded by Ryan Cohen, who later became known for his involvement in GameStop, Chewy (NYSE:CHWY) is an online retailer specializing in pet food, supplies, and healthcare services. Why Does CHWY Fall Short? Annual sales growth of 9.8% over the last three years lagged behind its consumer internet peers as its large revenue base made it difficult to generate incremental demand Estimated sales growth of 4.5% for the next 12 months implies demand will slow from its three-year trend Gross margin of 28.8% reflects its high servicing costs At $38.05 per share, Chewy trades at 24.1x forward EV/EBITDA. Check out our free in-depth research report to learn more about why CHWY doesn't pass our bar. Zurn Elkay (ZWS) Share Price: $34.28 Claiming to have saved more than 30 billion gallons of water, Zurn Elkay (NYSE:ZWS) provides water management solutions to various industries. Why Does ZWS Worry Us? Core business is underperforming as its organic revenue has disappointed over the past two years, suggesting it might need acquisitions to stimulate growth Estimated sales growth of 3.5% for the next 12 months implies demand will slow from its two-year trend Issuance of new shares over the last five years caused its earnings per share to fall by 8.2% annually, even worse than its revenue declines Zurn Elkay's stock price of $34.28 implies a valuation ratio of 25.2x forward P/E. To fully understand why you should be careful with ZWS, check out our full research report (it's free). IMAX (IMAX) Share Price: $25.03 Originally developed for World Expo '67 in Montreal as an innovative projection system, IMAX (NYSE:IMAX) provides proprietary large-format cinema technology and systems that deliver immersive movie experiences with enhanced image quality and sound. Why Are We Wary of IMAX?
Yahoo
30-04-2025
- Business
- Yahoo
Carrier Global (CARR) Reports Q1: Everything You Need To Know Ahead Of Earnings
Heating, ventilation, air conditioning, and refrigeration company Carrier Global (NYSE:CARR) will be announcing earnings results tomorrow before the bell. Here's what you need to know. Carrier Global missed analysts' revenue expectations by 2.2% last quarter, reporting revenues of $5.15 billion, up 19.3% year on year. It was a mixed quarter for the company, with an impressive beat of analysts' EPS estimates but full-year revenue guidance slightly missing analysts' expectations. Is Carrier Global a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Carrier Global's revenue to decline 4% year on year to $5.20 billion, a reversal from the 20% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.58 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Looking at Carrier Global's peers in the hvac and water systems segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Lennox delivered year-on-year revenue growth of 2.4%, beating analysts' expectations by 4.6%, and Zurn Elkay reported revenues up 4%, topping estimates by 1.4%. Lennox traded down 6.5% following the results while Zurn Elkay was up 4.9%. Read our full analysis of Lennox's results here and Zurn Elkay's results here. Investors in the hvac and water systems segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Carrier Global is down 4.3% during the same time and is heading into earnings with an average analyst price target of $73.56 (compared to the current share price of $60.83). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
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
