secwatch.observer — SEC 8-K summary
======================================

Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001439288-24-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000143928824000015/0001439288-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000143928824000015/zws-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001439288-24-000015

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