Zurn Water: Q1 Earnings Snapshot

Audio By Carbonatix

MILWAUKEE (AP) — MILWAUKEE (AP) — Zurn Water Solutions Corporation (ZWS) on Tuesday reported first-quarter net income of $34.3 million.

On a per-share basis, the Milwaukee-based company said it had profit of 19 cents. Earnings, adjusted for one-time gains and costs, came to 29 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The motion control and water management company posted revenue of $373.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $368.4 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZWS at https://www.zacks.com/ap/ZWS