---
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"
generated_at: "2026-06-03T11:46:05.442408+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Zurn Elkay Q1 adjusted EBITDA up 24% to $90M; margins expand 460 bps; guides higher

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1439288/000143928824000077/0001439288-24-000077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1439288/000143928824000077/zws-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001439288-24-000077
- JSON: https://secwatch.observer/filing/0001439288-24-000077.json
- Plain text: https://secwatch.observer/filing/0001439288-24-000077.txt

## Key facts
- Earnings Releases
  Zurn Elkay Water Solutions Corp updated its the quarter ended March 31, 2024 guidance (reaffirmed).
  - Period: the quarter ended March 31, 2024
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1439288/000143928824000077/0001439288-24-000077-index.htm

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