ZWS - Zurn Water Solutions Non-GAAP EPS of $0.18 beats by $0.03 revenue of $372M beats by $25.11M outlook unchanged

2023-04-25 16:29:14 ET

• Zurn Water Solutions press release ( NYSE: ZWS ): Q1 Non-GAAP EPS of $0.18 beats by $0.03 .
• Revenue of $372M (+55.0% Y/Y) beats by $25.11M .
• Our outlook for the year remains unchanged from 90 days ago with sales to be in the range of $1,500 million and $1,550 million, vs. consensus of $1.51B. Adjusted EBITDA to be in the range of $325 million to $345 million and free cash flow to total approximately $200 million.
• For the second quarter, we expect sales to be in a range of $385 million to $395 million, vs. consensus of $397.18M and consolidated Adjusted EBITDA margins ⁾ to range between 21.0% and 21.5%."
• Shares +2% .

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