---
schema_version: "secwatch.filing_event.v1"
accession: "0001439288-24-000015"
form_type: "8-K"
ticker: "ZWS"
cik: "0001439288"
company_name: "Zurn Elkay Water Solutions Corp"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:01:07.577289+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zurn Elkay Q4 adjusted EPS $0.26 vs $0.16; guides FY margin expansion, ~$250M FCF

## Summary
- Q4 net sales $357M (+5% YoY); core sales +5% (incl. 400 bps product line exit impact).
- Adjusted EBITDA $84M (23.6% margin) vs $65M (19.0%) YoY.
- Record FY 2023 free cash flow $233M; net debt leverage 1.1x.
- FY 2024 guidance: ~150 bps adj. EBITDA margin expansion, FCF ~$250M.
- Repurchased $25M shares in Q4; prepaid $60M term loan.

## SEC filing metadata
- accession: 0001439288-24-000015
- form_type: 8-K
- ticker: ZWS
- cik: 0001439288
- company_name: Zurn Elkay Water Solutions Corp
- filed_at: 2024-02-06T23:59:59+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/1439288/000143928824000015/0001439288-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1439288/000143928824000015/zws-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001439288-24-000015
- JSON: https://secwatch.observer/filing/0001439288-24-000015.json
- Plain text: https://secwatch.observer/filing/0001439288-24-000015.txt

## Key facts
- Earnings Releases
  Zurn Elkay Water Solutions Corp reported calendar year 2023 results: revenue $1,531 million, net income $104 million, EPS $0.59.
  - Period: calendar year 2023
  - Revenue: $1,531 million
  - Net income: $104 million
  - EPS: $0.59
  - Result: reported results
  source text: $25 million to repurchase 0.8 million shares of common stock in the quarter. • Prepaid $60 million of our outstanding Term Loan. Calendar Year 2023 Highlights • Net sales were $1,531 million and increased by 19% from the comparable $1,282 million in calendar year 2022 (-1% core sales (1) inclusive of a 400 basis point impact from planned product line exits, +20% from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1439288/000143928824000015/0001439288-24-000015-index.htm
- Earnings Releases
  Zurn Elkay Water Solutions Corp reported the quarter ended December 31, 2023 results: revenue $357 million, net income $14 million, EPS $0.08.
  - Period: the quarter ended December 31, 2023
  - Revenue: $357 million
  - Net income: $14 million
  - EPS: $0.08
  - Result: reported results
  source text: February 7, 2024 at 8:30 a.m. Eastern Time MILWAUKEE, WI (USA) - Zurn Elkay Water Solutions Corporation (NYSE:ZWS) Fourth Quarter Highlights • Net sales increased 5% to $357 million compared with $340 million in last year’s December quarter (+ 5% core sales (1) ) . • Net income from continuing operations was $14 million (diluted EPS from continuing
  evidence_url: https://www.sec.gov/Archives/edgar/data/1439288/000143928824000015/0001439288-24-000015-index.htm

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