{"schema_version":"secwatch.filing_event.v1","accession":"0001439288-24-000077","form_type":"8-K","ticker":"ZWS","cik":"0001439288","company_name":"Zurn Elkay Water Solutions Corp","filed_at":"2024-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.436617+00:00","generated_at":"2026-06-03T11:46:05.442408+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Zurn Elkay Q1 adjusted EBITDA up 24% to $90M; margins expand 460 bps; guides higher","bullets":["Net sales $374M (+0.5% YoY); core sales flat due to 400 bps impact from planned residential sink product exits.","Adjusted EPS $0.29 vs $0.18; net income $34M ($0.19 diluted) up from $23M ($0.13) in Q1 2023.","Adjusted EBITDA $90M (24.1% margin) vs $72M (19.5%) — 460 bps YoY improvement from Elkay synergies and cost actions.","Full-year adjusted EBITDA margin expansion now expected at 150-200 bps; Q2 outlook calls for 24.5%-25.0% margin.","Repurchased $19M of shares (0.6M shares); net debt leverage at all-time low 0.9x; generated $50M free cash flow in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0001439288-24-000077","json":"https://secwatch.observer/filing/0001439288-24-000077.json","markdown":"https://secwatch.observer/filing/0001439288-24-000077.md","text":"https://secwatch.observer/filing/0001439288-24-000077.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1439288/000143928824000077/0001439288-24-000077-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1439288/000143928824000077/zws-20240423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T11:46:05.442408+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d71fcc4970759dc14053fc7d266bfc237d6a74de","claim":"Zurn Elkay Water Solutions Corp updated its the quarter ended March 31, 2024 guidance (reaffirmed).","evidence_excerpt":"Zurn Elkay Water Solutions Corporation (the \"Company\") is filing this Current Report on Form 8-K to furnish its earnings release dated April 23, 2024, regarding its financial results for the quarter ended March 31, 2024, which is furnished herewith as Exhibit 99.1.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1439288/000143928824000077/0001439288-24-000077-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}