Zurn Elkay Water Solutions Corp
For the period ended Dec 31, 2023. Filed Feb 6, 2024.
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FY2023 · Filed Feb 6, 2024
ZWS$45.18+3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in Millions, except share and per share amounts)
| Year Ended | |||
|---|---|---|---|
| December 31, 2023 | December 31, 2022 | December 31, 2021 | |
| Net sales | $1,530.5 | $1,281.8 | $910.9 |
| Cost of sales | 882.4 | 816.3 | 537.7 |
| Gross profit | 648.1 | 465.5 | 373.2 |
| Selling, general and administrative expenses | 371.3 | 309.0 | 239.0 |
| Restructuring and other similar charges | 15.3 | 15.4 | 3.7 |
| Loss on divestiture of asbestos liabilities and certain assets | 11.4 | — | — |
| Amortization of intangible assets | 58.7 | 34.0 | 23.5 |
| Income from operations | 191.4 | 107.1 | 107.0 |
| Non-operating expense: | |||
| Interest expense, net | (38.5) | (26.9) | (34.7) |
| Loss on the extinguishment of debt | (0.9) | — | (20.4) |
| Actuarial gain on pension and other postretirement benefit obligations | 2.0 | 1.9 | 1.2 |
| Other income (expense), net | (7.2) | 1.7 | (0.7) |
| Income before income taxes | 146.8 | 83.8 | 52.4 |
| Provision for income taxes | (42.6) | (26.8) | (2.7) |
| Net income from continuing operations | 104.2 | 57.0 | 49.7 |
| Income from discontinued operations, net of tax | 8.5 | 4.7 | 71.2 |
| Net income | $112.7 | $61.7 | $120.9 |
| Basic net income per share: | |||
| Continuing operations | $0.60 | $0.38 | $0.41 |
| Discontinued operations | $0.05 | $0.03 | $0.59 |
| Net income | $0.65 | $0.41 | $1.00 |
| Diluted net income per share: | |||
| Continuing operations | $0.59 | $0.37 | $0.40 |
| Discontinued operations | $0.05 | $0.03 | $0.57 |
| Net income | $0.64 | $0.40 | $0.97 |
| Weighted-average number of common shares outstanding (in thousands): | |||
| Basic | 174,251 | 151,581 | 121,493 |
| Effect of dilutive equity awards | 3,008 | 2,256 | 3,621 |
| Diluted | 177,259 | 153,837 | 125,114 |
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