secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001439288-23-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000143928823000075/0001439288-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000143928823000075/zws-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001439288-23-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer