Zurn Elkay Water sees Q1 revenue up low single digits, consensus $370.34M

“Based on demand trends as we exited the fourth quarter and the month of January, we believe net sales for the first quarter will be up low single digits on a proforma basis and adjusted EBITDA margin will be between 23.5% and 24.0%,” the company said. “As we look ahead to the full year we have confidence in our ability to drive growth and deliver approximately 150 bps of year over year adjusted EBITDA margin expansion. Additionally, we see our full year 2024 outlook for free cash flow to be approximately $250 million.”