secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001439288-24-000124
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zurn Elkay Q2 adjusted EPS $0.33 beats prior year $0.24; raises FY margin guidance
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- Net sales $412M (+2% core); net income $45M ($0.26 diluted EPS) vs $33M ($0.19) YoY.
- Adjusted EBITDA $104M (25.3% margin) up from $87M (21.6%) YoY; adjusted EPS $0.33.
- Repurchased 1.9M shares for $61M in Q2; net debt leverage 0.9x all-time low.
- Q3 outlook: low single-digit core sales growth, adj. EBITDA margin ~25%.
- Raised FY adj. EBITDA margin expansion guidance to 200-250 bps; FY FCF >$250M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000143928824000124/0001439288-24-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000143928824000124/zws-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001439288-24-000124

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