secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0001439288-23-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zurn Elkay Q4 sales up 46% to $340M; core sales -3%; $500M buyback authorized
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- Q4 net sales $340M (+46% YoY); core sales -3%; adjusted EPS $0.16 vs $0.22 YoY.
- Adj. EBITDA $65M (19.0% of sales) vs $45M (19.4%) YoY.
- FY2023 guidance: sales $1,500-$1,550M, Adj. EBITDA $325-$345M, FCF ~$200M.
- Board authorized $500M share repurchase; at least $100M expected in 2023; $25M repurchased in Q4.
- Q1 2023 guidance: sales $340-$355M, Adj. EBITDA margin 19.0%-19.5% with 250bps inventory headwind.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000143928823000013/0001439288-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000143928823000013/zws-20230207.htm
  HTML page:      https://secwatch.observer/filing/0001439288-23-000013

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