---
schema_version: "secwatch.filing_event.v1"
accession: "0001439288-23-000127"
form_type: "8-K"
ticker: "ZWS"
cik: "0001439288"
company_name: "Zurn Elkay Water Solutions Corp"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:30:44.173347+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zurn Elkay Q3 adj. EBITDA margin 24.1% (+410 bps); raises FCF outlook to $230M

## Summary
- Net sales $398M (-5% YoY); net income $35M vs loss $19M; adj. EPS $0.29 vs $0.26.
- Adjusted EBITDA $96M (24.1% of sales) vs $84M (20.0%) in prior year.
- Quarterly dividend increased 14% to $0.08/share; $13M share repurchases in quarter.
- Full year FCF outlook raised to ~$230M from original $200M; net debt leverage 1.2x.
- Q4 sales guided ~$351M (~6% organic growth) with adj. EBITDA margin 23.0-23.5%.

## SEC filing metadata
- accession: 0001439288-23-000127
- form_type: 8-K
- ticker: ZWS
- cik: 0001439288
- company_name: Zurn Elkay Water Solutions Corp
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1439288/000143928823000127/0001439288-23-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1439288/000143928823000127/zws-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001439288-23-000127
- JSON: https://secwatch.observer/filing/0001439288-23-000127.json
- Plain text: https://secwatch.observer/filing/0001439288-23-000127.txt

## Key facts
- Earnings Releases
  Zurn Elkay Water Solutions Corp reported the quarter ended September 30, 2023 results: revenue $398 million, net income $35 million, EPS $0.20. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2023
  - Revenue: $398 million
  - Net income: $35 million
  - EPS: $0.20
  - Guidance: reaffirmed
  - Result: reported results
  source text: 1, 2023 at 8:30 a.m. Eastern Time MILWAUKEE, WI (USA) - Zurn Elkay Water Solutions Corporation (NYSE:ZWS) Third Quarter Highlights • Net sales in the quarter decreased 5% to $398 million compared with $418 million in last year’s September quarter ( -5% core sales (1) ) inclusive of the impact from previously announced and executed product line exits . • Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1439288/000143928823000127/0001439288-23-000127-index.htm

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