Mission Statement, Vision, & Core Values (2024) of Zurn Elkay Water Solutions Corporation (ZWS)

An Overview of Zurn Elkay Water Solutions Corporation (ZWS)

General Summary of Zurn Elkay Water Solutions Corporation

Zurn Elkay Water Solutions Corporation (ZWS) is a prominent player in the water solutions industry, established through the merger of Zurn Industries and Elkay Manufacturing. The merger was finalized in 2022, combining extensive product portfolios and expertise to enhance water management solutions. ZWS is recognized for its innovative water solutions, including plumbing, drainage, and water conservation systems.

As of 2024, ZWS offers a range of products, including:

• Plumbing fixtures
• Commercial sinks
• Water purification systems
• Drainage systems
• Smart water management technologies

The company's current sales as of 2024 have reached approximately $1.6 billion, marking significant growth in both residential and commercial sectors.

Company's Financial Performance in the Latest Financial Reports

In the latest financial report for the fiscal year ending December 2023, ZWS reported record-breaking revenue of $1.65 billion, a year-over-year increase of 15% from 2022. This growth is primarily driven by robust sales of water-efficient products and innovative solutions that cater to emerging market needs.

The breakdown of revenue by product categories is as follows:

ZWS has also expanded its market presence significantly, with notable growth in the following regions:

Introduction to Zurn Elkay Water Solutions Corporation as a Leading Company in the Industry

Zurn Elkay Water Solutions Corporation stands out as one of the leading companies in the water solutions industry, renowned for its commitment to sustainable practices and innovative product development. ZWS has positioned itself at the forefront of advancements in water efficiency and conservation technologies, making it a preferred choice for both commercial and residential applications.

With a focus on customer satisfaction and operational excellence, ZWS has successfully established a strong brand reputation. Interested readers are encouraged to explore further to understand the factors that contribute to ZWS's ongoing success in the competitive landscape of water solutions.

Mission Statement of Zurn Elkay Water Solutions Corporation (ZWS)

Mission Statement Overview

The mission statement of Zurn Elkay Water Solutions Corporation (ZWS) is a pivotal element in steering its strategic direction aimed at sustainability, innovation, and customer satisfaction. It plays a crucial role in defining the purpose of the organization and its commitment to providing water solutions that enhance the quality of life. By aligning with evolving market demands and environmental responsibilities, ZWS seeks to deliver value to its customers, stakeholders, and communities.

Customer Centricity

One of the primary components of ZWS’s mission statement is its unwavering commitment to customer centricity. This entails understanding and addressing the unique needs of its clients through innovative products and exceptional service. In 2022, ZWS achieved a customer satisfaction score of 92%, reflecting its dedication to exceeding client expectations.

Sustainability and Innovation

ZWS emphasizes the importance of sustainability and innovation in its mission. The company has set ambitious targets to reduce its carbon footprint by 30% by 2025. As part of its commitment, ZWS invested over $10 million in research and development in 2023 alone, driving advancements in eco-friendly water solutions that minimize waste and enhance resource efficiency.

Community Engagement

The final core component of ZWS’s mission statement is community engagement. ZWS actively participates in community outreach programs, contributing over $1 million annually to various initiatives that promote water conservation and education. In 2023, the company launched the “Water for All” program, aiming to provide clean water solutions to underserved communities, impacting over 50,000 individuals.

Vision Statement of Zurn Elkay Water Solutions Corporation (ZWS)

Vision Statement of Zurn Elkay Water Solutions Corporation (ZWS)

The vision statement of Zurn Elkay Water Solutions Corporation (ZWS) is centered around innovation, sustainability, and delivering seamless water solutions to customers worldwide. As of 2024, the vision aims to position ZWS as a leader in the water industry, addressing global challenges related to water supply and quality.

Innovation in Water Solutions

At the core of ZWS's vision is the commitment to innovation. In 2023, ZWS invested approximately $30 million in research and development projects focusing on new technologies for water conservation and efficiency.

Sustainability Commitment

ZWS envisions a sustainable future where water resources are preserved and protected. The company has set a target to reduce water usage in its manufacturing processes by 20% by the year 2025. As part of this commitment, ZWS has implemented various sustainability initiatives, leading to a 15% reduction in carbon emissions since 2022.

Global Reach and Accessibility

ZWS aims to enhance global access to clean water solutions. The company currently operates in over 50 countries and has plans to expand its distribution network by 30% by 2026. Their vision includes partnerships with local governments and organizations to support water access initiatives, targeting regions with critical water shortages.

Customer-Centric Approach

In aligning with its vision, ZWS emphasizes a customer-centric approach, aiming to enhance customer experience through personalized solutions. In 2023, customer satisfaction scores reached 92%, highlighting the effectiveness of their service and support initiatives.

• Customer feedback mechanisms implemented.
• Regular training programs for customer service representatives.
• Availability of 24/7 support for emergency services.

Continuous Improvement and Growth

ZWS is committed to continuous improvement and growth, with projected revenue growth of 10% annually through 2026. This growth is fueled by strategic acquisitions and expanding into emerging markets, maximizing its footprint in the global water solutions sector.

Core Values of Zurn Elkay Water Solutions Corporation (ZWS)

Integrity

The core value of integrity is fundamental to Zurn Elkay Water Solutions Corporation (ZWS). It signifies the commitment to ethical practices, transparency, and accountability.

In 2024, ZWS launched its 'Integrity in Action' initiative, which includes a comprehensive ethics training program for all employees. The program reported a participation rate of 95% among staff, ensuring that ethical guidelines are understood and implemented across the company.

Furthermore, ZWS established an anonymous reporting hotline, allowing employees to report unethical behavior without fear of reprisal. In 2023, the implementation of this hotline led to a 30% increase in reported concerns, facilitating a culture of openness.

Innovation

Innovation drives ZWS’s growth and adaptability in the water solutions industry. This core value reflects the company's commitment to continuous improvement and developing cutting-edge products.

In 2023, ZWS invested approximately $10 million in research and development, resulting in the launch of 15 new products, including eco-friendly water fixtures and smart irrigation systems. These innovations contributed to a 20% increase in market share in the sustainable products sector.

Additionally, the company organized an annual Innovation Challenge, where employees present new ideas for products and processes. The 2023 challenge attracted over 100 submissions, fostering a culture where creativity is encouraged and rewarded.

Sustainability

ZWS prioritizes sustainability, aiming to reduce its environmental footprint and promote eco-friendly practices within the industry.

The company has committed to reducing greenhouse gas emissions by 25% by 2025. In 2023, ZWS reduced emissions by 15%, primarily through energy-efficient manufacturing processes and the utilization of renewable energy sources, which now account for 40% of its total energy use.

Moreover, ZWS implemented a recycling program that has successfully diverted over 1,200 tons of waste from landfills in the past year, showcasing its commitment to a circular economy.

Customer Focus

Customer focus is essential for ZWS, as it strives to exceed client expectations and build lasting relationships.

In 2024, ZWS introduced a Customer Experience Management program, enhancing after-sales support and increasing customer satisfaction scores from 82% to 92% within a year.

The company also launched a loyalty rewards program, which saw a 40% increase in repeat customers in 2023, reflecting its dedication to customer retention.

Collaboration

Collaboration is vital for fostering teamwork and driving success at ZWS.

In 2023, ZWS established cross-functional teams to enhance communication and efficiency across departments. This initiative resulted in a 15% reduction in project lead times and improved project completion rates.

The company also partnered with non-profit organizations to improve water access in underserved communities, engaging employees in volunteer opportunities that benefited 10,000 individuals in the past year.