Zurn Elkay Water Solutions Corp - Understand $zws stock

$ZWS Market Cap: $6.919 Billion

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Financial Snapshot

Revenue

$1.553B

TTM

Gross Margin

45.16%

TTM

Net Earnings

$137.7M

TTM

Current Assets

$755.1M

Q3 2024

Current Liabilities

$279.2M

Q3 2024

Current Ratio

270.45%

Q3 2024

Total Assets

$2.705B

Q3 2024

Total Liabilities

$1.118B

Q3 2024

Book Value

$1.587B

Q3 2024

Cash

$187.9M

Q3 2024

P/E

50.25

Nov 29, 2024 EST

Free Cash Flow

$270.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$1.531B	$1.282B	$910.9M	$562.7M	$710.1M	$1.852B	$1.713B	$1.924B	$2.050B	$2.034B	$1.944B	$1.944B	$1.675B	$1.510B	$1.510B	$1.882B	$1.854B
YoY Change	19.4%	40.72%	61.88%	-20.76%	-61.65%	8.12%	-10.98%	-6.17%	0.78%	4.67%	-0.04%	16.08%	10.92%	0.0%	-19.77%	1.54%	47.61%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$1.531B	$1.282B	$910.9M	$562.7M	$710.1M	$1.852B	$1.713B	$1.924B	$2.050B	$2.034B	$1.944B	$1.944B	$1.675B	$1.510B	$1.510B	$1.882B	$1.854B
Cost Of Revenue	$882.4M	$816.3M	$537.7M	$407.9M	$1.266B	$1.145B	$1.086B	$1.259B	$1.304B	$1.281B	$1.227B	$1.254B	$1.082B	$994.4M	$994.4M	$1.290B	$1.250B
Gross Profit	$648.1M	$465.5M	$373.2M	$338.2M	$784.8M	$706.5M	$626.4M	$665.2M	$746.2M	$753.4M	$716.6M	$690.1M	$592.5M	$515.6M	$515.6M	$591.9M	$603.1M
Gross Profit Margin	42.35%	36.32%	40.97%	60.1%	110.52%	38.16%	36.58%	34.58%	36.4%	37.03%	36.87%	35.5%	35.38%	34.15%	34.15%	31.45%	32.54%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$371.3M	$309.0M	$239.0M	$206.1M	$433.1M	$393.8M	$356.1M	$385.7M	$415.1M	$419.1M	$398.4M	$387.1M	$326.7M	$297.7M	$297.7M	$467.8M	$313.3M
YoY Change	20.16%	29.29%	15.96%	-52.41%	9.98%	10.59%	-7.67%	-7.08%	-0.95%	5.2%	2.92%	18.49%	9.74%	0.0%	-36.36%	49.31%	9.89%
% of Gross Profit	57.29%	66.38%	64.04%	60.94%	55.19%	55.74%	56.85%	57.98%	55.63%	55.63%	55.6%	56.09%	55.14%	57.74%	57.74%	79.03%	51.95%
Research & Development	$23.70M	$18.40M	$14.00M	$16.20M	$16.30M	$13.30M	$10.40M	$12.40M	$12.80M	$13.00M	$13.70M	$15.40M	$11.50M
YoY Change	28.8%	31.43%	-13.58%	-0.61%	22.56%	27.88%	-16.13%	-3.13%	-1.54%	-5.11%	-11.04%	33.91%
% of Gross Profit	3.66%	3.95%	3.75%	4.79%	2.08%	1.88%	1.66%	1.86%	1.72%	1.73%	1.91%	2.23%	1.94%
Depreciation & Amortization	$29.20M	$20.50M	$44.10M	$86.60M	$87.90M	$79.70M	$96.10M	$115.4M	$112.2M	$106.9M	$110.9M	$114.0M	$105.9M	$59.60M	$109.3M	$109.6M	$49.90M
YoY Change	42.44%	-53.51%	-49.08%	-1.48%	10.29%	-17.07%	-16.72%	2.85%	4.96%	-3.61%	-2.72%	7.65%	77.68%	-45.47%	-0.27%	119.64%	56.43%
% of Gross Profit	4.51%	4.4%	11.82%	25.61%	11.2%	11.28%	15.34%	17.35%	15.04%	14.19%	15.48%	16.52%	17.87%	11.56%	21.2%	18.52%	8.27%
Operating Expenses	$371.3M	$309.0M	$239.0M	$222.3M	$449.4M	$407.1M	$366.5M	$398.1M	$427.9M	$432.1M	$412.1M	$402.5M	$338.2M	$297.7M	$347.4M	$516.7M	$363.2M
YoY Change	20.16%	29.29%	7.51%	-50.53%	10.39%	11.08%	-7.94%	-6.96%	-0.97%	4.85%	2.39%	19.01%	13.6%	-14.31%	-32.77%	42.26%	14.57%
Operating Profit	$191.4M	$107.1M	$107.0M	$107.7M	$305.6M	$266.4M	$203.2M	$174.3M	$203.7M	$272.4M	$242.9M	$245.3M	$217.2M	$161.4M	$168.2M	$75.20M	$239.9M
YoY Change	78.71%	0.09%	-0.65%	-64.76%	14.71%	31.1%	16.58%	-14.43%	-25.22%	12.14%	-0.98%	12.94%	34.57%	-4.04%	123.67%	-68.65%	229.53%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	$38.50M	$26.90M	$34.70M	$45.90M	$69.90M	$75.10M	$88.30M	$91.40M	$87.90M	$109.1M	$153.3M	$176.2M	$180.8M	$194.2M	-$194.2M	-$230.4M	-$254.3M
YoY Change	43.12%	-22.48%	-24.4%	-34.33%	-6.92%	-14.95%	-3.39%	3.98%	-19.43%	-28.83%	-13.0%	-2.54%	-6.9%	-200.0%	-15.71%	-9.4%	94.42%
% of Operating Profit	20.11%	25.12%	32.43%	42.62%	22.87%	28.19%	43.45%	52.44%	43.15%	40.05%	63.11%	71.83%	83.24%	120.32%	-115.46%	-306.38%	-106.0%
Other Income/Expense, Net	-$7.200M	$1.700M	-$700.0K	-$2.500M	-$1.600M	$4.400M	$200.0K	$3.100M	-$7.200M	-$15.10M	-$2.900M	-$7.100M	$1.100M	-$16.40M	-$16.40M	-$3.000M	-$5.300M
YoY Change	-523.53%	-342.86%	-72.0%	56.25%	-136.36%	2100.0%	-93.55%	-143.06%	-52.32%	420.69%	-59.15%	-745.45%	-106.71%	0.0%	446.67%	-43.4%	-200.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$146.8M	$83.80M	$52.40M	$23.40M	$174.8M	$56.50M	$82.00M	$86.00M	$89.90M	-$25.90M	$26.00M	$21.30M	-$91.00M	$118.6M	$118.6M	-$501.0M	-$1.700M
YoY Change	75.18%	59.92%	123.93%	-86.61%	209.38%	-31.1%	-4.65%	-4.34%	-447.1%	-199.62%	22.07%	-123.41%	-176.73%	0.0%	-123.67%	29370.59%	-96.36%
Income Tax	$42.60M	$26.80M	$2.700M	$4.400M	$53.40M	-$19.50M	$15.60M	$17.10M	$16.80M	-$10.00M	$15.40M	$9.400M	-$10.20M	$30.50M	$30.50M	-$72.00M	-$1.300M
% Of Pretax Income	29.02%	31.98%	5.15%	18.8%	30.55%	-34.51%	19.02%	19.88%	18.69%		59.23%	44.13%		25.72%	25.72%
Net Earnings	$112.7M	$61.70M	$120.9M	$146.7M	$34.30M	$75.90M	$74.10M	$67.90M	$83.80M	$30.20M	$50.10M	$29.90M	-$51.30M	$88.10M	$88.10M	-$429.0M	-$400.0K
YoY Change	82.66%	-48.97%	-17.59%	327.7%	-54.81%	2.43%	9.13%	-18.97%	177.48%	-39.72%	67.56%	-158.28%	-158.23%	0.0%	-120.54%	107150.0%	-98.99%
Net Earnings / Revenue	7.36%	4.81%	13.27%	26.07%	4.83%	4.1%	4.33%	3.53%	4.09%	1.48%	2.58%	1.54%	-3.06%	5.83%	5.83%	-22.79%	-0.02%
Basic Earnings Per Share	$0.65	$0.41	$1.00	$1.21	$0.11	$0.51	$0.65	$0.67	$0.82	$0.31	$0.52	$0.45	-$0.77	$1.32
Diluted Earnings Per Share	$0.64	$0.40	$0.97	$1.19	$0.28	$0.62	$0.64	$0.66	$0.80	$0.30	$0.50	$0.42	-$0.77	$1.27	$0.97	-$4.74	$0.00

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$136.7M	$124.8M	$96.60M	$255.6M	$573.4M	$292.5M	$193.2M	$490.1M	$484.6M	$370.3M	$339.0M	$524.1M	$298.0M	$391.0M	$263.9M
YoY Change	9.54%	29.19%	-62.21%	-55.42%	96.03%	51.4%	-60.58%	1.13%	30.87%	9.23%	-35.32%	75.87%	-23.79%	48.16%
Cash & Equivalents	$136.7M	$124.8M	$96.60M	$255.6M	$573.4M	$292.5M	$193.2M	$490.1M	$484.6M	$370.3M	$339.0M	$524.1M	$298.0M	$391.0M	$263.9M
Short-Term Investments
Other Short-Term Assets	$26.30M	$28.00M	$16.50M	$37.40M	$38.70M	$36.30M	$168.2M	$50.20M	$46.70M	$53.60M	$71.60M	$46.40M	$62.10M	$36.50M	$29.40M
YoY Change	-6.07%	69.7%	-55.88%	-3.36%	6.61%	-78.42%	235.06%	7.49%	-12.87%	-25.14%	54.31%	-25.28%	70.14%	24.15%
Inventory	$277.6M	$366.7M	$184.5M	$330.1M	$317.5M	$316.5M	$304.1M	$314.9M	$327.2M	$367.7M	$359.7M	$326.2M	$320.3M	$283.8M	$273.8M
Prepaid Expenses
Receivables	$210.2M	$219.7M	$144.1M	$274.8M	$334.7M	$334.3M	$314.7M	$322.9M	$317.6M	$336.0M	$368.3M	$350.4M	$337.9M	$270.1M	$234.1M
Other Receivables	$17.00M	$18.30M	$33.10M	$9.800M	$0.00	$3.300M	$17.50M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$667.8M	$757.5M	$474.8M	$907.7M	$1.264B	$982.9M	$997.7M	$1.178B	$1.176B	$1.128B	$1.139B	$1.247B	$1.018B	$981.4M	$801.2M
YoY Change	-11.84%	59.54%	-47.69%	-28.21%	28.63%	-1.48%	-15.31%	0.17%	4.3%	-0.97%	-8.7%	22.47%	3.76%	22.49%
Property, Plant & Equipment	$226.7M	$226.4M	$78.50M	$506.1M	$449.9M	$383.0M	$396.5M	$400.9M	$397.2M	$417.6M	$423.1M	$410.7M	$419.2M	$358.4M	$376.2M
YoY Change	0.13%	188.41%	-84.49%	12.49%	17.47%	-3.4%	-1.1%	0.93%	-4.89%	-1.3%	3.02%	-2.03%	16.96%	-4.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$24.10M	$93.40M	$91.20M	$92.60M	$76.80M	$82.60M	$222.5M	$83.50M	$66.80M	$74.10M	$50.90M	$84.10M	$91.60M	$99.00M	$138.4M
YoY Change	-74.2%	2.41%	-1.51%	20.57%	-7.02%	-62.88%	166.47%	25.0%	-9.85%	45.58%	-39.48%	-8.19%	-7.47%	-28.47%
Total Long-Term Assets	$1.999B	$2.107B	$602.9M	$2.493B	$2.363B	$2.277B	$2.426B	$2.361B	$2.179B	$2.282B	$2.245B	$2.227B	$2.273B	$2.118B	$2.215B
YoY Change	-5.09%	249.39%	-75.82%	5.53%	3.78%	-6.15%	2.74%	8.38%	-4.51%	1.64%	0.82%	-2.02%	7.28%	-4.38%
Total Assets	$2.667B	$2.864B	$1.078B	$3.401B	$3.627B	$3.260B	$3.424B	$3.539B	$3.355B	$3.409B	$3.384B	$3.474B	$3.291B	$3.100B	$3.017B
YoY Change
Accounts Payable	$56.40M	$116.9M	$105.1M	$129.4M	$185.6M	$191.7M	$189.9M	$197.8M	$200.8M	$234.1M	$241.1M	$208.3M	$215.6M	$181.7M	$135.3M
YoY Change	-51.75%	11.23%	-18.78%	-30.28%	-3.18%	0.95%	-3.99%	-1.49%	-14.22%	-2.9%	15.75%	-3.39%	18.66%	34.29%
Accrued Expenses	$67.20M	$59.10M	$59.90M	$85.30M	$98.20M	$86.00M	$86.70M	$76.80M	$74.10M	$71.30M	$78.80M	$120.2M	$127.7M	$132.4M	$100.6M
YoY Change	13.71%	-1.34%	-29.78%	-13.14%	14.19%	-0.81%	12.89%	3.64%	3.93%	-9.52%	-34.44%	-5.87%	-3.55%	31.61%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$900.0K	$5.700M	$5.600M	$2.400M	$76.40M	$1.200M	$3.900M	$16.50M	$20.20M	$24.30M	$29.00M	$169.3M	$10.30M	$104.2M	$5.300M
YoY Change	-84.21%	1.79%	133.33%	-96.86%	6266.67%	-69.23%	-76.36%	-18.32%	-16.87%	-16.21%	-82.87%	1543.69%	-90.12%	1866.04%
Total Short-Term Liabilities	$220.9M	$289.3M	$240.4M	$317.5M	$455.5M	$397.0M	$454.2M	$400.3M	$404.4M	$433.0M	$449.5M	$608.2M	$468.6M	$497.8M	$319.3M
YoY Change	-23.64%	20.34%	-24.28%	-30.3%	14.74%	-12.59%	13.46%	-1.01%	-6.61%	-3.67%	-26.09%	29.79%	-5.87%	55.9%
Long-Term Debt	$494.4M	$530.2M	$533.9M	$1.189B	$1.397B	$1.237B	$1.352B	$1.606B	$1.900B	$1.916B	$1.943B	$1.962B	$2.413B	$2.210B	$2.210B
YoY Change	-6.75%	-0.69%	-55.1%	-14.87%	12.95%	-8.53%	-15.82%	-15.46%	-0.82%	-1.41%	-0.98%	-18.69%	9.21%	-0.01%
Other Long-Term Liabilities	$138.9M	$208.1M	$173.9M	$335.7M	$339.9M	$269.0M	$255.3M	$253.4M	$276.5M	$304.6M	$221.8M	$249.6M	$244.0M	$225.3M	$271.3M
YoY Change	-33.25%	19.67%	-48.2%	-1.24%	26.36%	5.37%	0.75%	-8.35%	-9.23%	37.33%	-11.14%	2.3%	8.3%	-16.96%
Total Long-Term Liabilities	$633.3M	$738.3M	$707.8M	$1.525B	$1.737B	$1.506B	$1.607B	$1.860B	$2.176B	$2.220B	$2.165B	$2.212B	$2.657B	$2.435B	$2.482B
YoY Change	-14.22%	4.31%	-53.58%	-12.21%	15.35%	-6.32%	-13.56%	-14.56%	-1.98%	2.56%	-2.13%	-16.76%	9.12%	-1.87%
Total Liabilities	$1.064B	$1.249B	$951.3M	$1.965B	$2.316B	$2.031B	$2.211B	$2.469B	$2.766B	$2.856B	$2.821B	$3.045B	$3.371B	$3.188B	$3.074B
YoY Change	-14.8%	31.29%	-51.58%	-15.17%	14.03%	-8.14%	-10.44%	-10.75%	-3.16%	1.25%	-7.36%	-9.66%	5.74%	3.71%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	174.3M shares	151.6M shares	121.5M shares	120.8M shares	104.6M shares	103.9M shares	102.8M shares	100.8M shares	101.5M shares	98.11M shares	95.97M shares	66.75M shares	66.76M shares	66.75M shares
Diluted Shares Outstanding	177.3M shares	153.8M shares	125.1M shares	123.5M shares	123.3M shares	122.0M shares	104.8M shares	103.3M shares	104.7M shares	101.3M shares	99.87M shares	72.07M shares	66.76M shares	69.16M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $6.9192 Billion

About Zurn Elkay Water Solutions Corp

Zurn Elkay Water Solutions Corp. engages in the design, procurement, manufacture, and sale of water solutions. The company is headquartered in Milwaukee, Wisconsin and currently employs 2,400 full-time employees. The company went IPO on 2012-03-29. The firm designs, procures, manufactures, and markets a sustainable product portfolio of specification-driven water management solutions to improve health, human safety and the environment. The firm's product portfolio includes professional grade water safety and control products, flow system products, hygienic and environmental products, and filtered drinking water products for public and private spaces. Its products are marketed and sold under various brand names, including Zurn, Elkay, Wilkins, Green Turtle, World Dryer, StainlessDrains.com, JUST, Hadrian, Wade, and Halsey Taylor. The company serves various range of institutional and commercial end markets, and waterworks and residential end markets. The institutional construction end users include education, healthcare, and government segments. The commercial construction end users include retail, office, lodging, dining, warehouse, and sports arena segments.

Industry: General Industrial Machinery & Equipment Peers: ARMSTRONG WORLD INDUSTRIES INC CARRIER GLOBAL Corp Fortune Brands Innovations, Inc. LENNOX INTERNATIONAL INC Owens Corning Simpson Manufacturing Co., Inc. SMITH A O CORP TREX CO INC UFP INDUSTRIES INC