secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2021-07-20T23:59:59+00:00
Accession:  0001439288-21-000161
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rexnord Q2 net sales $568M (+21% core), adj EPS $0.58; PMC EBITDA outlook >$300M
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- Q2 net sales $568M (+21% core sales YoY); adjusted EPS $0.58 vs $0.36 YoY; net income $73M ($0.59 diluted) vs $36M ($0.29).
- PMC core sales +16%; adjusted EBITDA margin 24.2% vs 21.6% YoY; backlog +$60M; book-to-bill 1.10x.
- WM core sales +29%; adjusted EBITDA margin 26.8% vs 29.1% YoY; management sees clear path to double-digit core growth.
- PMC now expected to deliver >$300M EBITDA in 2021; Regal Beloit merger shareholder meeting anticipated in Q3.
- Q3 outlook: WM sales high-teens% YoY increase, adj EBITDA margin 26-27%; PMC sales mid-teens% increase, adj EBITDA margin 23-24%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000143928821000161/0001439288-21-000161-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000143928821000161/rxn-20210720.htm
  HTML page:      https://secwatch.observer/filing/0001439288-21-000161

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