Zurn Elkay Water Solutions Expects Q3 Pro Forma Core Sales Growth In Low Single Digits And Adjusted EBITDA Margin Of ~25%; Raises FY Adjusted EBITDA Margin Expansion Guidance To 200-250 Basis Points And Expects FY Free Cash Flow To Exceed $250M
Portfolio Pulse from Benzinga Newsdesk
Zurn Elkay Water Solutions expects Q3 pro forma core sales growth in low single digits and an adjusted EBITDA margin of approximately 25%. The company has raised its full-year adjusted EBITDA margin expansion guidance to 200-250 basis points and expects full-year free cash flow to exceed $250 million.
July 30, 2024 | 8:43 pm
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Zurn Elkay Water Solutions expects Q3 pro forma core sales growth in low single digits and an adjusted EBITDA margin of approximately 25%. The company has raised its full-year adjusted EBITDA margin expansion guidance to 200-250 basis points and expects full-year free cash flow to exceed $250 million.
The positive outlook for Q3 and the raised full-year guidance for adjusted EBITDA margin and free cash flow are likely to boost investor confidence in Zurn Elkay Water Solutions. This should have a positive short-term impact on the stock price.
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