secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001439288-22-000133
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zurn Elkay Q3 net sales up 82% to $418M; adjusted EPS $0.26; guides Q4 sales $350-365M
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- Net sales $418M, +82% YoY; core sales +16%; acquired Elkay effective July 1, 2022.
- GAAP net loss $(19)M, EPS $(0.11); adjusted EPS $0.26 vs $0.19 prior year.
- Adjusted EBITDA $84M (20.0% of sales) vs $51M (22.2%) in prior year.
- Q4 guidance: sales $350-$365M, EBITDA margin 20%-21%; residential down ~20% YoY.
- Synergy target $50M, at least $25M expected in 2023; $10M residential product line exits planned.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000143928822000133/0001439288-22-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000143928822000133/zws-20221025.htm
  HTML page:      https://secwatch.observer/filing/0001439288-22-000133

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