---
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"
generated_at: "2026-06-16T16:02:40.900833+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zurn Elkay Q1 net sales up 55% to $372M; adjusted EPS $0.18 vs $0.24 YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001439288-23-000075
- JSON: https://secwatch.observer/filing/0001439288-23-000075.json
- Plain text: https://secwatch.observer/filing/0001439288-23-000075.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended March 31, 2023
  - Revenue: $372 million
  - Net income: $23 million
  - EPS: $0.13
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1439288/000143928823000075/0001439288-23-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.