secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001439288-23-000099
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zurn Elkay Q2: net sales $403M (+42% YoY, core -5%); diluted EPS $0.19 vs $0.28; raises FY outlook
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- Net sales $403M (+42% YoY, core -5%); net income $33M ($0.19 diluted EPS) vs $36M ($0.28).
- Adjusted EPS $0.24 vs $0.32; Adj EBITDA $87M (21.6% of sales) vs $64M (22.6%).
- Repurchased $50M of common stock (2.3M shares) in Q2; net debt leverage 1.5x.
- Raised low end of FY 2023 guidance: sales $1.525-1.55B, Adj EBITDA $335-345M, FCF ~$215M.
- Q3 outlook: sales $390-400M, Adj EBITDA margin 23.5-24.0%; CEO expects margin expansion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000143928823000099/0001439288-23-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000143928823000099/zws-20230724.htm
  HTML page:      https://secwatch.observer/filing/0001439288-23-000099

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