secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0001439288-22-000101
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zurn Elkay Q2 net sales +17% to $284M; completes Elkay combination
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- Net income $36M ($0.28 diluted EPS) vs $21M ($0.17) a year ago; adjusted EPS $0.32 vs $0.22.
- Completed combination with Elkay on July 1, 2022; anticipates $50M synergies by 2025.
- Increased quarterly dividend from $0.03 to $0.07 per share.
- Q3 outlook: Zurn sales high-teens growth; Elkay sales $145-155M; consolidated adj. EBITDA margin 21-22%.
- Net debt leverage 2.0x as of June 30; management targets leverage near 1x by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000143928822000101/0001439288-22-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000143928822000101/zws-20220726.htm
  HTML page:      https://secwatch.observer/filing/0001439288-22-000101

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