Oct 27, 4:07 PM ET
Zurn Elkay Water Solutions reported third-quarter 2026 net sales of $495.1 million, up 9% from $455.4 million a year earlier, with core sales up 7%. Net income from continuing operations rose to $76.1 million, or $0.45 per diluted share, from $59.6 million, or $0.35, and the company raised its annual dividend 18% to $0.52 per share.
- Adjusted EBITDA was $140.1 million, or 28.3% of net sales, versus $122.2 million, or 26.8%, a year earlier; adjusted EPS was $0.52 versus $0.43.
- Fourth-quarter outlook calls for net sales of $430 million to $437 million and adjusted EBITDA of $120 million to $123 million.
- Full-year free cash flow is expected to be greater than $350 million, excluding the net impact of tariff-related refunds.
- The company completed its acquisition of Intellihot, Inc. and repurchased $35 million of common stock, or 0.7 million shares, in the quarter.
Read the filing on SEC.gov ↗
Jul 28, 4:07 PM ET
Zurn Elkay Water Solutions reported second-quarter 2026 results on July 28, with net sales of $491 million, up from $445 million a year earlier, and adjusted EPS of $0.50 versus $0.42. The company said it is raising its full-year outlook, with 2026 adjusted EBITDA now expected between $503 million and $513 million. GAAP results include a one-time $47.6 million benefit from IEEPA tariff refunds, which the company excluded from adjusted EBITDA.
- Net sales $491 million, up 10% year over year; core sales also grew 10%
- Adjusted EPS $0.50 vs. $0.42; diluted EPS from continuing operations $0.67 vs. $0.29, including the tariff refund
- Full-year 2026 adjusted EBITDA guidance of $503 million to $513 million; free cash flow expected at least $350 million
- Repurchased $50 million of stock in the quarter, $100 million in the first half; investor call set for July 29, 2026
Read the filing on SEC.gov ↗
Jul 20, 7:19 AM ET
Zurn Elkay Water Solutions signed a definitive agreement to acquire Intellihot, Inc., a privately held maker of tankless water heaters, with closing expected early in the third quarter. The company also said its second-quarter results are ahead of the outlook range it gave earlier in the quarter, though it did not disclose specific figures in the filing.
- Intellihot's net sales are expected to be approximately $37 million in 2026
- Transaction expected to close early in the third quarter of 2026
- Company said second-quarter results are ahead of the earlier outlook range, without specific figures
- Earnings call scheduled for Wednesday, July 29, 2026 to provide quarter details and outlook
Read the filing on SEC.gov ↗
May 27, 4:27 PM ET
Zurn Elkay Water Solutions promoted Chief Financial Officer David Pauli to Chief Operating Officer and named Dan Klun as CFO, both effective immediately. The company also said its second-quarter results are tracking in line with its expectations, but it gave no figures and will provide details on the quarter and second-half outlook during a late-July earnings call.
- Dan Klun, 51, promoted to CFO effective immediately; he joined the company in 2005 and was most recently Vice President, Finance since 2017.
- David Pauli, 44, moved from CFO to COO effective immediately; he has served as CFO since 2024 and will oversee operations, supply chain and IT.
- CEO Todd Adams said second-quarter results are tracking very much in line, with one month left in the quarter.
- Full second-quarter results and second-half outlook are expected on an earnings call in late July.
Read the filing on SEC.gov ↗
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