secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001439288-22-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zurn Water Solutions Q1 sales up 17% to $240M; adjusted EPS $0.24 vs $0.13; Elkay merger announced
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- Net sales $239.6M, up 17% YoY; core sales up 15%; net income $29M vs $10M.
- Adjusted EPS $0.24 vs $0.13; adjusted EBITDA $52M (21.7% of sales) vs $44M.
- Excluding corporate costs, adjusted EBITDA margin 24.5% vs 26.0% last year.
- Entered definitive agreement to combine with Elkay Manufacturing; close expected early Q3 2022.
- Q2 2022 outlook: sales up low-to-mid teens, adjusted EBITDA margin ex corp costs 24.5%-25.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000143928822000055/0001439288-22-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000143928822000055/zws-20220426.htm
  HTML page:      https://secwatch.observer/filing/0001439288-22-000055

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