Every material Form 8-K Zurn Elkay Water Solutions has filed with the SEC since July 30, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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
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.
At its April 30, 2026 annual meeting, Zurn Elkay stockholders elected three directors to three-year terms expiring in 2029, approved the advisory vote on executive compensation, and ratified Ernst & Young LLP as auditor for fiscal 2026. The same day, Sudhanshu Chhabra, Executive Vice President, Zurn Elkay Business Systems, moved into an advisory role. The votes show broad stockholder support, and the filing does not state a successor for Chhabra's role.
Directors elected to 2029 terms: Thomas D. Christopoul (94.9% of votes cast FOR), Emma M. McTague (95.7%), and Peggy N. Troy (92.0%)
Advisory say-on-pay vote: 133,069,949 FOR and 18,889,005 against, or 87.6% of votes cast FOR
Ernst & Young LLP ratified for fiscal 2026 with 155,016,328 FOR and 3,013,555 against, or 98.1% of votes cast FOR
Sudhanshu Chhabra's advisory role took effect April 30, 2026
Zurn Elkay Water Solutions reported first quarter 2026 results for the quarter ended March 31, 2026, furnished in an earnings release under Item 2.02. Net sales rose 11% to $433 million and net income from continuing operations rose to $59 million, or $0.35 per diluted share, from $41 million, or $0.24, a year earlier. The company gave second-quarter core sales growth guidance of 8% to 9% and said it sees potential upside to its full-year 2026 outlook, which it will revisit with second-quarter results.
Net sales were $433 million versus $389 million a year earlier, with core sales up 11%.
Net income from continuing operations was $59 million, or $0.35 per diluted share, versus $0.24; adjusted EPS was $0.41 versus $0.31.
Adjusted EBITDA was $116 million, or 26.8% of net sales, versus $98 million, or 25.2%.
Second-quarter guidance calls for core sales growth of 8% to 9% and adjusted EBITDA margin of 27.0% to 27.5%, assuming the current tariff structure remains in place through 2026.
Zurn Elkay Water Solutions and its subsidiaries signed Amendment No. 3 to their First Lien Credit Agreement on February 19, 2026. The amendment increases the revolving credit facility from $200 million to $550 million, refinances amounts outstanding, and extends the maturity to February 19, 2031. The filing shows $540.1 million of additional borrowing capacity and $9.9 million of outstanding letters of credit after the Effective Date.
Revolving credit facility capacity increased from $200 million to $550 million
Maturity date for the new revolving facility is February 19, 2031
Following the Effective Date, $540.1 million of additional borrowing capacity and $9.9 million of outstanding letters of credit
Interest rate margins and commitment fees revised based on the net first lien leverage ratio
Zurn Elkay Water Solutions reported fourth-quarter 2025 net sales of $407 million, up 10% from $371 million a year earlier, with core sales also up 10%. Diluted EPS from continuing operations was $0.24, compared with $0.21, and adjusted EPS was $0.36, compared with $0.32. The company also gave a 2026 outlook calling for mid-single digit core sales growth and full-year free cash flow of approximately $335 million.
Q4 2025 net sales were $407.2 million versus $370.7 million in Q4 2024, an increase of 10%.
Diluted EPS from continuing operations was $0.24 versus $0.21; adjusted EPS was $0.36 versus $0.32.
Full-year 2025 net sales were $1,696 million, up 8%, and free cash flow was a record $317 million.
2026 outlook: mid-single digit core sales growth and full-year free cash flow of approximately $335 million; Q1 core sales growth of 7% to 8%.
Zurn Elkay reported third-quarter 2025 net sales of $455 million, up 11% from $410 million a year earlier, and GAAP diluted EPS from continuing operations of $0.35 versus $0.25. The company raised its full-year 2025 adjusted EBITDA outlook to $437 million to $440 million from $420 million to $430 million, and also raised its dividend 22% and its share repurchase authorization to $500 million, which points to higher earnings and more cash returned to shareholders.
Q3 net sales $455 million vs. $410 million a year earlier (+11%); adjusted EPS $0.43 vs. $0.34 (+26%)
Q3 adjusted EBITDA $122 million (26.8% of net sales) vs. $105 million (25.6%)
Full-year 2025 adjusted EBITDA outlook raised to $437 million to $440 million from $420 million to $430 million
Annual dividend increased 22% to $0.44 per share; share repurchase authorization increased to $500 million
Zurn Elkay Water Solutions reported second-quarter 2025 net sales of $444.5 million, up 8% from $412.0 million a year earlier, and adjusted EPS of $0.42, up 27% from $0.33. The company raised its full-year 2025 adjusted EBITDA outlook to $420 million to $430 million from $405 million to $420 million, which points to a stronger expected year for shareholders.
Q2 net sales were $444.5 million, up 8% year over year; core sales also rose 8%.
GAAP diluted EPS from continuing operations was $0.29, up from $0.26; adjusted EPS was $0.42, up from $0.33.
Full-year 2025 adjusted EBITDA outlook raised to $420 million to $430 million from $405 million to $420 million.
The company repurchased 1.0 million shares for $33 million in the quarter and reported net debt leverage of 0.7x as of June 30, 2025.
At its May 1, 2025 annual meeting, Zurn Elkay stockholders elected four directors to three-year terms, approved an amended and restated Performance Incentive Plan adding 2,500,000 shares, and ratified Ernst & Young LLP as auditor for fiscal 2025. The advisory vote on executive pay passed with 70.7% of votes cast in favor, a lower level of support than the other proposals received.
Performance Incentive Plan amended to add 2,500,000 shares for future issuance; PIP approved with 98.1% of votes cast in favor
Advisory vote on named executive officer compensation approved with 70.7% of votes cast in favor; 45,632,521 votes against
Four directors elected to terms expiring in 2028, including Mark S. Bartlett, Don Butler, Timothy J. Jahnke and David C. Longren
Ernst & Young LLP ratified as independent registered public accounting firm for fiscal year ending December 31, 2025, with 97.8% of votes cast in favor
Zurn Elkay Water Solutions reported first-quarter 2025 results, with net sales of $389 million, up 4% from $374 million a year earlier, and diluted EPS from continuing operations of $0.24 versus $0.19. The company affirmed its full-year 2025 guidance and said it repurchased $77 million of stock in the quarter, which matters to shareholders because profit and earnings per share both rose.
Net sales were $388.8 million versus $373.8 million, up 4%; core sales rose 5% and currency reduced net sales by 1%.
Net income from continuing operations was $41.0 million, or $0.24 diluted EPS, versus $34.0 million, or $0.19, a year earlier; adjusted EPS was $0.31 versus $0.29.
Adjusted EBITDA was $98.0 million, or 25.2% of net sales, versus $90.0 million, or 24.1%.
Full-year guidance was affirmed; second-quarter adjusted EBITDA margin is expected at 25.5% to 26.0%, based on current tariff levels.
Ice Mountain LLC, a selling stockholder tied to the Katz family of former Elkay, sold 7.75 million Zurn Elkay common shares at $35.00 per share in an underwritten offering that closed February 13, 2025. Zurn Elkay did not sell any shares and received no sale proceeds, but it repurchased 1,636,905 shares from the underwriters for approximately $55 million.
Offering size: 7,750,000 shares priced at $35.00 per share; underwriters also had an option for 1,162,500 more shares, which was exercised February 12, 2025
Zurn Elkay repurchased 1,636,905 shares from the underwriters, approximately $55 million, at the price the underwriters paid the selling stockholder
The company received no proceeds from the sale of shares by Ice Mountain LLC
Ice Mountain LLC's remaining shares are subject to a lock-up agreement that expires October 31, 2026
Zurn Elkay Water Solutions reported fourth-quarter 2024 net sales of $371 million, up 4% from $357 million a year earlier, and net income from continuing operations of $36 million, compared with $14 million. Adjusted EPS rose to $0.32 from $0.26, and the company expects 2025 adjusted EBITDA of $405 million to $420 million and free cash flow of about $290 million.
Q4 2024 net sales were $371 million vs. $357 million; core sales rose 4%.
Q4 diluted EPS from continuing operations was $0.21 vs. $0.08; adjusted EPS was $0.32 vs. $0.26.
Full-year 2024 adjusted EPS was $1.28 vs. $0.97; the company repurchased $150 million of shares.
2025 outlook: adjusted EBITDA of $405 million to $420 million and free cash flow of about $290 million.
Zurn Elkay reported third-quarter 2024 net sales of $410 million, up from $398 million a year earlier, and net income from continuing operations of $44 million, up from $35 million. The company raised its full-year adjusted EBITDA margin expansion outlook to 250 to 270 basis points and its free cash flow outlook to approximately $260 million, which points to stronger results for shareholders.
Q3 net sales of $410 million vs. $398 million a year earlier; core sales up 3%
Diluted EPS from continuing operations of $0.25 vs. $0.20; adjusted EPS of $0.34 vs. $0.29
Full-year adjusted EBITDA now expected at approximately $387 million to $389 million; free cash flow outlook raised to about $260 million
Quarterly dividend increased 13% to $0.09 per share; $50 million used to repurchase 1.6 million shares in the quarter
Zurn Elkay Water Solutions reported second-quarter 2024 net sales of $412.0 million, up 2% from $403.2 million a year earlier, and net income of $46.0 million, up from $34.6 million. The company raised its full-year adjusted EBITDA margin expansion guidance to 200 to 250 basis points from 150 to 200 and expects full-year free cash flow to exceed $250 million, which bears directly on shareholder returns and the company's ability to keep repurchasing stock.
Net sales were $412.0 million, up 2% from $403.2 million; core sales grew 2%.
Diluted EPS from continuing operations was $0.26, versus $0.19; adjusted EPS was $0.33, versus $0.24.
Adjusted EBITDA was $104.3 million, or 25.3% of net sales, versus $87.0 million, or 21.6%, a year earlier.
Full-year adjusted EBITDA margin expansion guidance raised to 200 to 250 basis points from 150 to 200; full-year free cash flow expected to exceed $250 million.
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