secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001439288-23-000127
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000143928823000127/0001439288-23-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000143928823000127/zws-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001439288-23-000127

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