Zurn Elkay Water Solutions Corporation (ZWS) Bundle
Ever wondered about the company making waves in sustainable water solutions? Zurn Elkay Water Solutions (ZWS), with a trailing 12-month revenue of $1.57 billion as of December 31, 2024, is a key player in designing, manufacturing, and marketing innovative water management solutions.
With their products saving 32.5 billion gallons of water and preventing the use of 19 billion single-use plastic bottles in 2024 alone, how exactly does Zurn Elkay operate and generate revenue? Join us as we dive into the history, ownership, mission, and financial workings of this corporation, uncovering its impact on the environment and the water solutions industry.
Zurn Elkay Water Solutions Corporation (ZWS) History
Zurn Elkay Water Solutions Founding Timeline
Year established
The Zurn Industries, LLC was established in 1900.
Original location
The company was founded in Erie, Pennsylvania.
Founding team members
The founder was John A. Zurn.
Initial capital/funding
Details regarding the initial capital or funding for Zurn Industries' establishment are not readily available.
Zurn Elkay Water Solutions Evolution Milestones
| Year | Key Event | Significance |
|---|---|---|
| 1900 | Zurn Industries Founded | Established a foundation in the plumbing products industry. |
| 1920s | Development of plumbing drainage products | Expanded the product line and market reach. |
| 1964 | Acquisition by American Sterilizer Company (AMSCO) | Became a subsidiary, broadening its resources and market access. |
| 1980s | Expansion into water management solutions | Diversified its offerings to include broader environmental solutions. |
| 1999 | Acquired by Rexnord Corporation | Integrated into a larger industrial conglomerate, enhancing growth opportunities. |
| 2007 | Introduction of EcoVantage® high-efficiency plumbing products | Demonstrated commitment to sustainability and water conservation. |
| 2016 | Zurn becomes part of Rexnord's Water Management platform | Focused the company’s efforts on water solutions within Rexnord’s portfolio. |
| 2021 | Rexnord’s Water Management business (including Zurn) spins off and merges with Elkay Manufacturing | Created Zurn Elkay Water Solutions (ZWS), a pure-play water solutions company. |
Zurn Elkay Water Solutions Transformative Moments
- Acquisition by American Sterilizer Company (AMSCO) in 1964: This acquisition provided Zurn with greater resources and market access, allowing it to expand its product offerings and geographic reach.
- Acquisition by Rexnord Corporation in 1999: This integration into a larger industrial conglomerate further enhanced Zurn's growth opportunities and market position.
- Spin-off and Merger with Elkay Manufacturing in 2021: The creation of Zurn Elkay Water Solutions (ZWS) as a pure-play water solutions company marked a significant strategic shift, focusing the company's efforts and resources on water management and solutions.
- Focus on Sustainability and Water Conservation: Zurn's commitment to sustainability, exemplified by the introduction of EcoVantage® high-efficiency plumbing products, has not only driven innovation but also positioned the company as a leader in environmentally responsible water solutions.
Explore more about Zurn Elkay Water Solutions Corporation (ZWS): Exploring Zurn Elkay Water Solutions Corporation (ZWS) Investor Profile: Who’s Buying and Why?
Zurn Elkay Water Solutions Corporation (ZWS) Ownership Structure
Zurn Elkay Water Solutions Corporation operates as a public company, meaning its shares are available for trade on a stock exchange. This structure allows a broad range of investors to own a portion of the company.
Zurn Elkay Water Solutions Corporation's Current Status
Zurn Elkay Water Solutions Corporation is a publicly traded company. As such, it is subject to regulations and reporting requirements by the Securities and Exchange Commission (SEC) and other regulatory bodies.
Zurn Elkay Water Solutions Corporation's Ownership Breakdown
As a publicly traded company, the ownership of Zurn Elkay Water Solutions Corporation is distributed among various shareholders, including institutional investors, individual investors, and company insiders. The table below provides an overview of the ownership breakdown based on the most recent data.
| Shareholder Type | Ownership, % | Notes |
|---|---|---|
| Institutional Investors | 85.71% | Includes investment firms, mutual funds, pension funds, and insurance companies. These entities hold a significant portion of the company's shares. |
| Individual Investors | 12.42% | Represents shares held by individual retail investors. |
| Insiders | 0.47% | Shares held by the company's executives and board members. |
Zurn Elkay Water Solutions Corporation's Leadership
The leadership team plays a crucial role in guiding the strategic direction and operational execution of Zurn Elkay Water Solutions Corporation. Here are some of the key leaders:
- Todd A. Adams: Chairman and Chief Executive Officer
- Craig A. Wehrle: Senior Vice President and Chief Financial Officer
These individuals, along with their respective teams, are responsible for the company's performance and ensuring it meets its strategic and financial goals.
To gain more insights into the company's financial standing, consider reading: Breaking Down Zurn Elkay Water Solutions Corporation (ZWS) Financial Health: Key Insights for Investors
Zurn Elkay Water Solutions Corporation (ZWS) Mission and Values
Zurn Elkay Water Solutions is committed to providing high-quality, sustainable water solutions. Their mission and values reflect a dedication to innovation, environmental stewardship, and customer satisfaction.
Zurn Elkay Water Solutions Corporation's Core Purpose
Official mission statement
Zurn Elkay Water Solutions doesn't have one single, universally published mission statement. However, examining their actions, product offerings, and communications reveals core themes that define their mission:
- Providing clean, safe, and reliable water solutions.
- Advancing water conservation and sustainability.
- Delivering innovative and high-quality products.
- Creating value for customers and shareholders.
Vision statement
While a specific vision statement may not be formally declared, Zurn Elkay Water Solutions' vision can be inferred from their strategic goals and initiatives:
- To be a leader in providing water management solutions that promote sustainability and efficiency.
- To innovate continuously, offering advanced technologies that address evolving water challenges.
- To expand their market presence and strengthen customer relationships through reliable products and services.
Company slogan/tagline
Zurn Elkay Water Solutions uses taglines that highlight their focus on water solutions and sustainability. Here are a few examples:
- 'Rethink Water.'
- 'Solutions that Flow.'
- 'Water redefined.'
These taglines encapsulate the company's commitment to innovation and responsible water management. For more insights into the company's financial performance, see Breaking Down Zurn Elkay Water Solutions Corporation (ZWS) Financial Health: Key Insights for Investors.
Zurn Elkay Water Solutions Corporation (ZWS) How It Works
Zurn Elkay Water Solutions Corporation (ZWS) delivers a comprehensive suite of water management solutions, focusing on enhancing water safety and conservation across various sectors.
Zurn Elkay Water Solutions Corporation's Product/Service Portfolio
| Product/Service | Target Market | Key Features |
|---|---|---|
| Water Control & Safety | Commercial, industrial, and healthcare facilities | Includes pressure reducing valves, backflow preventers, and thermostatic mixing valves, designed to maintain safe water temperatures and prevent contamination. |
| Plumbing Systems | Commercial and institutional buildings | Encompasses a broad range of fixtures and fittings such as faucets, drains, and pre-plumbed systems that enhance water efficiency and hygiene. |
| Water Management | Municipalities, commercial properties | Solutions for efficient water use and conservation, including rainwater harvesting systems and smart irrigation controls. |
| Drinking Water Solutions | Schools, offices, public spaces | Elkay branded water coolers, bottle filling stations, and filtration systems providing clean and accessible drinking water. |
| Spec Drains | Commercial, industrial, and healthcare facilities | A comprehensive line of drains designed for various applications, ensuring efficient water drainage and preventing water damage. |
Zurn Elkay Water Solutions Corporation's Operational Framework
Zurn Elkay Water Solutions Corporation operates through a streamlined process that integrates product design, manufacturing, and distribution to deliver comprehensive water solutions. The company focuses on:
- Engineering and Design: ZWS invests in research and development to create innovative products that meet evolving customer needs and regulatory requirements.
- Manufacturing: The company operates manufacturing facilities that produce a wide range of water solutions, ensuring high quality and reliability.
- Distribution Network: Zurn Elkay utilizes a robust distribution network to ensure its products are available to customers across various markets.
- Customer Support: Provides extensive customer support, including technical assistance and training, to ensure proper installation and maintenance of its products.
For more insights into the company's values, explore the Mission Statement, Vision, & Core Values of Zurn Elkay Water Solutions Corporation (ZWS).
Zurn Elkay Water Solutions Corporation's Strategic Advantages
Zurn Elkay Water Solutions Corporation's success in the market is driven by several strategic advantages:
- Comprehensive Product Portfolio: Offers a wide array of water management solutions, enabling the company to serve diverse customer needs.
- Strong Brand Recognition: Elkay is a well-known brand in drinking water solutions, recognized for quality and reliability.
- Focus on Sustainability: ZWS is committed to developing sustainable products that conserve water and reduce environmental impact.
- Regulatory Compliance: The company ensures its products meet stringent regulatory standards, providing customers with safe and compliant solutions.
Zurn Elkay Water Solutions Corporation (ZWS) How It Makes Money
Zurn Elkay Water Solutions Corporation generates revenue through the sale of water management solutions, including specification drainage products, water safety and control products, and professional drinking water solutions.
Zurn Elkay Water Solutions Corporation's Revenue Breakdown
| Revenue Stream | % of Total | Growth Trend |
|---|---|---|
| Water Management | ~54% | Increasing |
| Water Delivery | ~46% | Increasing |
Zurn Elkay Water Solutions Corporation's Business Economics
Zurn Elkay Water Solutions Corporation operates with a business model that capitalizes on both new construction and renovation projects, as well as the continuous need for maintenance and upgrade of water systems. The company benefits from several economic drivers:
- Pricing Strategies: The company employs value-based pricing, focusing on the total cost of ownership, which includes product performance, durability, and lifecycle costs.
- Market Position: A strong market position allows for premium pricing on innovative and highly specified products.
- Economic Fundamentals: Demand is relatively stable due to the essential nature of water products and services, providing a buffer against economic downturns.
Zurn Elkay Water Solutions Corporation's Financial Performance
Zurn Elkay Water Solutions Corporation demonstrates its financial health through several key metrics:
- Net Sales: For the year 2024, Zurn Elkay Water Solutions reported net sales of $1.41 billion, reflecting a growth of 3.7% compared to the previous year.
- Adjusted EBITDA: The adjusted EBITDA for 2024 was $371.9 million, an increase of 7.5% year-over-year.
- Gross Profit: The gross profit for 2024 reached $544.1 million.
- Organic Sales Growth: The company experienced an organic sales growth of 3.7% in 2024.
To gain more insight into the investors and rationale behind investment decisions related to Zurn Elkay Water Solutions, explore Exploring Zurn Elkay Water Solutions Corporation (ZWS) Investor Profile: Who’s Buying and Why?
Zurn Elkay Water Solutions Corporation (ZWS) Market Position & Future Outlook
Zurn Elkay Water Solutions (ZWS) holds a significant position in the water solutions market, driven by its focus on water safety, water quality, and water conservation. The company's future outlook appears positive, supported by strategic initiatives aimed at expanding its product offerings and market reach.
Competitive Landscape
| Company | Market Share, % | Key Advantage |
|---|---|---|
| Zurn Elkay Water Solutions Corporation | ~10% | Comprehensive water solutions portfolio and strong focus on sustainability. |
| Watts Water Technologies | ~15% | Diverse product range and established distribution network. |
| Mueller Water Products | ~8% | Specialization in water infrastructure and flow control. |
Opportunities & Challenges
| Opportunities | Risks |
|---|---|
| Increased demand for sustainable water management solutions driven by stricter environmental regulations and growing awareness of water scarcity. | Fluctuations in raw material costs, such as steel and brass, which can impact production expenses and profitability. |
| Expansion into emerging markets with rapid urbanization and increasing investments in water infrastructure projects. | Intense competition from both established players and new entrants, potentially leading to price pressures. |
| Leveraging digital technologies and IoT to develop smart water solutions for enhanced monitoring, leak detection, and water conservation. | Potential disruptions in the supply chain due to geopolitical instability or natural disasters. |
Industry Position
Zurn Elkay Water Solutions operates within the broader water technology and infrastructure market. Its standing is reinforced by:
- Product Innovation: Continuous development of new and improved water solutions, including lead-free plumbing fittings, water filtration systems, and smart water management technologies.
- Sustainability Focus: Commitment to environmental stewardship and offering products that promote water conservation and reduce environmental impact.
- Strategic Acquisitions: Actively acquiring companies to expand its product portfolio and geographic reach, strengthening its market position.
- Strong Customer Relationships: Building and maintaining long-term relationships with key customers in the commercial, residential, and industrial sectors.
For more insights into the company's investor profile, read: Exploring Zurn Elkay Water Solutions Corporation (ZWS) Investor Profile: Who’s Buying and Why?
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