Zurn Elkay Water Solutions Corp
For the period ended Dec 31, 2024. Filed Feb 10, 2025.
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FY2024 · Filed Feb 10, 2025
ZWS$45.18+3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(in Millions, except share and per share amounts)
| Year Ended | |||
|---|---|---|---|
| December 31, 2024 | December 31, 2023 | December 31, 2022 | |
| Net sales | $1,566.5 | $1,530.5 | $1,281.8 |
| Cost of sales | 859.5 | 882.4 | 816.3 |
| Gross profit | 707.0 | 648.1 | 465.5 |
| Selling, general and administrative expenses | 389.8 | 371.3 | 309.0 |
| Restructuring and other similar charges | 13.5 | 15.3 | 15.4 |
| Loss on divestiture of asbestos liabilities and certain assets | — | 11.4 | — |
| Amortization of intangible assets | 59.1 | 58.7 | 34.0 |
| Income from operations | 244.6 | 191.4 | 107.1 |
| Non-operating expense: | |||
| Interest expense, net | (33.1) | (38.5) | (26.9) |
| Loss on the extinguishment of debt | — | (0.9) | — |
| Actuarial gain on pension and other postretirement benefit obligations | 1.4 | 2.0 | 1.9 |
| Other income (expense), net | (5.9) | (7.2) | 1.7 |
| Income before income taxes | 207.0 | 146.8 | 83.8 |
| Provision for income taxes | (48.1) | (42.6) | (26.8) |
| Net income from continuing operations | 158.9 | 104.2 | 57.0 |
| Income from discontinued operations, net of tax | 1.3 | 8.5 | 4.7 |
| Net income | $160.2 | $112.7 | $61.7 |
| Basic net income per share: | |||
| Continuing operations | $0.92 | $0.60 | $0.38 |
| Discontinued operations | $0.01 | $0.05 | $0.03 |
| Net income | $0.93 | $0.65 | $0.41 |
| Diluted net income per share: | |||
| Continuing operations | $0.91 | $0.59 | $0.37 |
| Discontinued operations | $0.01 | $0.05 | $0.03 |
| Net income | $0.92 | $0.64 | $0.40 |
| Weighted-average number of common shares outstanding (in thousands): | |||
| Basic | 171,686 | 174,251 | 151,581 |
| Effect of dilutive equity awards | 2,973 | 3,008 | 2,256 |
| Diluted | 174,659 | 177,259 | 153,837 |
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