{"schema_version":"secwatch.filing_event.v1","accession":"0001439288-23-000075","form_type":"8-K","ticker":"ZWS","cik":"0001439288","company_name":"Zurn Elkay Water Solutions Corp","filed_at":"2023-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.881261+00:00","generated_at":"2026-06-16T16:02:40.900833+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Zurn Elkay Q1 net sales up 55% to $372M; adjusted EPS $0.18 vs $0.24 YoY","bullets":["Net sales $372M (+55% YoY, +3% core sales, +53% from Elkay acquisition).","Net income $23M ($0.13 diluted EPS) vs $29M ($0.23) prior year; adjusted EPS $0.18.","Adjusted EBITDA $72M (19.5% of sales) vs $52M (21.7%) prior year.","FY2023 guidance unchanged: sales $1,500-1,550M, adjusted EBITDA $325-345M, FCF ~$200M.","Repurchased $37M of stock in Q1; net debt leverage 1.6x."],"urls":{"canonical":"https://secwatch.observer/filing/0001439288-23-000075","json":"https://secwatch.observer/filing/0001439288-23-000075.json","markdown":"https://secwatch.observer/filing/0001439288-23-000075.md","text":"https://secwatch.observer/filing/0001439288-23-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1439288/000143928823000075/0001439288-23-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1439288/000143928823000075/zws-20230425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T16:02:40.900833+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eea8a5e694f52f37f22b9b9bd220e401ffd13267","claim":"Zurn Elkay Water Solutions Corp reported the quarter ended March 31, 2023 results: revenue $372 million, net income $23 million, EPS $0.13. Guidance reaffirmed.","evidence_excerpt":"First Quarter Highlights • Net sales in the quarter increased 55% to $372 million compared with $240 million in last year’s March quarter ( +3% core sales (1) , +53% acquisitions, -1% foreign currency translation) . • Net income from continuing operations was $23 million (diluted EPS from continuing operations of $0.13) compared with $29 million (diluted EPS from continuing operations of $0.23) in the year-ago quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1439288/000143928823000075/0001439288-23-000075-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$372 million"},{"label":"Net income","value":"$23 million"},{"label":"EPS","value":"$0.13"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}