secwatch.observer — SEC 8-K summary
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Issuer:     Zurn Elkay Water Solutions Corp (ZWS)
CIK:        0001439288
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001439288-24-000167
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zurn Elkay Q3: sales +3%, adj EBITDA margin 25.6%, raises FY guidance, dividend up 13%
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- Net sales $410M (+3% core sales); net income $44M ($0.25 EPS) vs $35M ($0.20) YoY.
- Adjusted EBITDA $105M (25.6% margin) vs $96M (24.1%) - 150 bps expansion.
- Raised quarterly dividend 13% to $0.09/share; repurchased 1.6M shares for $50M in quarter.
- Full year adjusted EBITDA guidance raised to ~$387-389M; margin expansion now 250-270 bps (prior 200-250).
- Free cash flow YTD $217M; FY outlook raised to ~$260M. Net debt leverage at all-time low 0.8x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1439288/000143928824000167/0001439288-24-000167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1439288/000143928824000167/zws-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001439288-24-000167

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