Zurn Elkay Water Solutions Corp
Business
Zurn Elkay Water Solutions Corporation designs, manufactures, and markets specification-driven water management solutions including water safety and control products, flow systems, hygienic and environmental products, and filtered drinking water products. The company serves institutional and commercial building construction markets, with secondary exposure to waterworks and residential segments, primarily in North America through an extensive network of independent sales representatives and distributors. Core products are sold under brands including Zurn, Elkay, Wilkins, World Dryer, Hadrian, JUST, and Halsey Taylor.
Summary from 10-K filed 2026-02-09
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 1,696 | 1,567 | 1,531 | 1,282 | 911 | |
| Cost of sales | 931 | 860 | 882 | 816 | 538 | |
| Gross profit | 765 | 707 | 648 | 466 | 373 | |
| Selling, general and administrative expenses | 418 | 390 | 371 | 309 | 239 | |
| Restructuring and other similar charges | 10 | 14 | 15 | 15 | 4 | |
| Loss on divestiture of asbestos liabilities and certain assets | 0 | 0 | 11 | 0 | 0 | |
| Amortization of intangible assets | 59 | 59 | 59 | 34 | 24 | |
| Income from operations | 279 | 245 | 191 | 107 | 107 | |
| Interest expense, net | −29 | −33 | −39 | −27 | — | |
| Loss on the extinguishment of debt | 0 | 0 | −900,000 | 0 | −20 | |
| Actuarial gain on pension and other postretirement benefit obligations | 500,000 | 1 | 2 | 2 | 1 | |
| Other income (expense), net | 6 | −6 | −7 | 2 | −700,000 | |
| Income before income taxes | 256 | 207 | 147 | 84 | 52 | |
| Provision for income taxes | −64 | −48 | −43 | −27 | −3 | |
| Net income from continuing operations | 192 | 159 | 104 | 57 | 50 | |
| Income from discontinued operations, net of tax | 6 | 1 | 9 | 5 | 71 | |
| Net income | 198 | 160 | 113 | 62 | 121 | |
| Continuing operations (in dollars per share) | 1.14 | 0.92 | 0.6 | 0.38 | 0.41 | |
| Discontinued operations (in dollars per share) | 0.03 | 0.01 | 0.05 | 0.03 | 0.59 | |
| Net income (in dollars per share) | 1.17 | 0.93 | 0.65 | 0.41 | 1 | |
| Continuing operations (in dollars per share) | 1.12 | 0.91 | 0.59 | 0.37 | 0.4 | |
| Discontinued operations (in dollars per share) | 0.03 | 0.01 | 0.05 | 0.03 | 0.57 | |
| Net income (in dollars per share) | 1.15 | 0.92 | 0.64 | 0.4 | 0.97 | |
| Basic (in shares) | 169 | 172 | 174 | 152 | 121 | |
| Effect of dilutive equity awards (in shares) | 3 | 3 | 3 | 2 | 4 | |
| Diluted (in shares) | 171 | 175 | 177 | 154 | 125 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 301 | 198 | 137 | 125 | 97 | |
| Receivables, net | 185 | 202 | 210 | 220 | 144 | |
| Inventories, net | 274 | 273 | 278 | 367 | 185 | |
| Income taxes receivable | 13 | 20 | 17 | 18 | 33 | |
| Other current assets | 39 | 30 | 26 | 28 | 17 | |
| Total current assets | 812 | 722 | 668 | 758 | 475 | |
| Property, plant and equipment, net | 158 | 164 | 180 | 184 | 64 | |
| Intangible assets, net | 835 | 892 | 952 | 1,010 | 179 | |
| Goodwill | 795 | 794 | 796 | 777 | 254 | |
| Other assets | 80 | 77 | 71 | 64 | 39 | |
| Total assets | 2,679 | 2,649 | 2,667 | 2,864 | 1,078 | |
| Current maturities of debt | 900,000 | 800,000 | 900,000 | 6 | 6 | |
| Trade payables | 65 | 72 | 56 | 117 | 105 | |
| Compensation and benefits | 41 | 38 | 31 | 19 | 22 | |
| Current portion of pension and other postretirement benefit obligations | 1 | 1 | 1 | 2 | 1 | |
| Other current liabilities | 151 | 136 | 132 | 146 | 106 | |
| Total current liabilities | 259 | 248 | 221 | 289 | 240 | |
| Long-term debt | 496 | 495 | 494 | 530 | 534 | |
| Pension and other postretirement benefit obligations | 10 | 14 | 37 | 51 | 57 | |
| Deferred income taxes | 190 | 197 | 210 | 221 | 3 | |
| Operating lease liability | 42 | 43 | 37 | 34 | 9 | |
| Other liabilities | 80 | 65 | 65 | 44 | 42 | |
| Total liabilities | 1,076 | 1,062 | 1,064 | 1,249 | 951 | |
| Common stock, $0.01 par value; 200,000,000 shares authorized; shares issued and outstanding: 166,981,602 at December 31, 2025 and 170,308,023 at December 31, 2024 | 2 | 2 | 2 | 2 | 1 | |
| Additional paid-in capital | 2,810 | 2,828 | 2,847 | 2,853 | 1,437 | |
| Retained deficit | −1,132 | −1,169 | −1,178 | −1,165 | −1,237 | |
| Accumulated other comprehensive loss | −77 | −74 | −68 | −75 | −75 | |
| Total stockholders' equity | 1,603 | 1,587 | 1,603 | 1,615 | 126 | |
| Total liabilities and stockholders' equity | 2,679 | 2,649 | 2,667 | 2,864 | 1,078 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 30 | 29 | 29 | 21 | 44 | |
| Amortization of intangible assets | 59 | 59 | 59 | 34 | 33 | |
| Non-cash restructuring charges | 3 | 8 | 3 | 0 | — | |
| Loss on divestiture of asbestos liabilities and certain assets | 0 | 0 | 9 | 0 | 0 | |
| Divestiture of asbestos liabilities and certain assets | 0 | 0 | −13 | 0 | 0 | |
| Loss (gain) on dispositions of long-lived assets | 4 | 600,000 | −3 | 300,000 | −10 | |
| Deferred income taxes | −5 | −15 | −4 | 500,000 | −12 | |
| Other non-cash expenses | 2 | 5 | 2 | 5 | −4 | |
| Actuarial gain on pension and other postretirement benefit obligations | −500,000 | −1 | −2 | −2 | 4 | |
| Pension curtailment and settlement | −11 | 0 | 0 | — | — | |
| Stock-based compensation expense | 41 | 38 | 40 | 25 | 51 | |
| Receivables, net | 18 | 6 | 10 | 16 | −67 | |
| Inventories, net | −100,000 | 3 | 65 | −18 | −80 | |
| Other assets | 7 | 1 | 3 | 37 | −8 | |
| Accounts payable | −7 | 16 | −61 | −18 | 99 | |
| Accruals and other | 8 | −17 | 4 | −64 | 30 | |
| Cash provided by operating activities | 347 | 294 | 254 | 97 | 224 | |
| Expenditures for property, plant and equipment | −30 | −22 | −21 | −8 | −23 | |
| Proceeds from dispositions of long-lived assets | 0 | 2 | 8 | 1 | 14 | |
| Proceeds from insurance claims | 0 | 0 | 9 | 10 | 0 | |
| Cash used for investing activities | −30 | −20 | −5 | −7 | −22 | |
| Proceeds from borrowings of debt | 0 | 0 | 13 | 102 | 550 | |
| Repayments of debt | −800,000 | −800,000 | −78 | −108 | −1,127 | |
| Proceeds from exercise of stock options and ESPP contributions | 8 | 9 | 4 | 3 | — | |
| Taxes withheld and paid on employees' share-based payment awards | −600,000 | −9 | −3 | −700,000 | −32 | |
| Repurchase of common stock | −160 | −150 | −125 | −25 | −900,000 | |
| Payment of common stock dividends | −64 | −57 | −50 | −33 | −36 | |
| Cash used for financing activities | −217 | −208 | −239 | −61 | −356 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 3 | −5 | 2 | −1 | −5 | |
| Increase in cash, cash equivalents and restricted cash | 103 | 61 | 12 | 28 | −159 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Zurn Elkay Water Solutions Corp's CIK number?
Zurn Elkay Water Solutions Corp's SEC CIK number is 0001439288 (1439288). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Zurn Elkay Water Solutions Corp's SEC filings?
All of Zurn Elkay Water Solutions Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Zurn Elkay Water Solutions Corp last report earnings?
Zurn Elkay Water Solutions Corp (ZWS) most recently filed an earnings 8-K with the SEC on May 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-038495). This is Zurn Elkay Water Solutions Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Zurn Elkay Water Solutions Corp's most recent earnings 8-K?
Zurn Elkay Water Solutions Corp's latest earnings 8-K (Item 2.02) was filed May 27, 2026 under accession 0001628280-26-038495. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Zurn Elkay Water Solutions Corp's latest earnings 8-K →
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