Zurn Elkay Water Solutions Full Year 2022 Earnings: Misses Expectations
Zurn Elkay Water Solutions (NYSE:ZWS) Full Year 2022 Results
Key Financial Results
Revenue: US$1.28b (up 41% from FY 2021).
Net income: US$57.0m (up 15% from FY 2021).
Profit margin: 4.4% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Zurn Elkay Water Solutions Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 29%.
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 4 years, compared to a 2.8% growth forecast for the Building industry in the US.
Performance of the American Building industry.
The company's shares are up 6.0% from a week ago.
What about risks? Every company has them, and we've spotted 1 warning sign for Zurn Elkay Water Solutions you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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