Zurn Elkay Water Solutions Cor Q2 earnings call highlights include revenue, margins, and strategic updates for the water solutions provider. Q2 earnings results and outlook directly shape investor views and near-term stock movement for Zurn Elkay.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | 1 | — |
| Sell | 1 | 2 | — | — | 18 | — | — | — | — | — | 1 | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡ |
|
| 2026 | 0.45 |
—
—
—
|
| 2025 | 0.38 |
—
—
—
—
|
| 2024 | 0.33 |
—
—
—
—
|
| 2023 | 0.29 |
—
—
—
—
|
| 2022 | 0.20 |
—
—
—
—
|
| 2021 | 0.17 |
—
—
—
—
|
| 2020 | 0.16 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 136.70 | 198.00 | 300.50 | 365.00 |
| Receivables | 227.20 | 221.80 | 198.10 | 272.10 |
| Inventory | 277.60 | 272.60 | 274.40 | 287.30 |
| Other | 26.30 | 29.70 | 38.70 | 28.70 |
| 667.80 | 722.10 | 811.70 | 953.10 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | — | — | — | — |
| ST’ Debt | 0.90 | 0.80 | 0.90 | 1.40 |
| Other | 163.60 | 175.30 | 193.30 | 214.60 |
| 220.90 | 247.80 | 259.40 | 312.20 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 433.00 | 491.00 | — | — |
—
|
| ’25 | 388.80 | 444.50 | 455.40 | 407.20 |
1,695.90
|
| ’24 | 373.80 | 412.00 | 410.00 | 370.70 |
1,566.50
|
| ’23 | 372.10 | 403.20 | 398.40 | 356.80 |
1,530.50
|
| ’22 | — | 284.20 | 417.70 | 340.30 |
1,281.80
|
| ’22 | 239.60 | — | — | — |
1,282.00
|
| ’21 | — | 243.70 | 229.70 | 232.30 |
910.90
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 46.10 | 162.30 | — | — |
—
|
| ’25 | 42.90 | 110.60 | 101.30 | 91.70 |
346.50
|
| ’24 | 53.90 | 85.10 | 90.90 | 63.60 |
293.50
|
| ’23 | 5.00 | 87.20 | 103.50 | 58.20 |
253.90
|
| ’22 | — | 41.90 | 24.60 | 84.40 |
97.00
|
| ’22 | (53.90) | — | — | — |
97.00
|
| ’21 | — | 73.70 | 100.80 | (22.20) |
223.60
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 42.70 | 159.40 | — | — |
—
|
| ’25 | 38.60 | 101.60 | 93.90 | 82.50 |
316.60
|
| ’24 | 51.80 | 80.20 | 86.80 | 54.50 |
273.30
|
| ’23 | (0.20) | 81.60 | 98.70 | 60.20 |
240.30
|
| ’22 | — | 40.70 | 22.30 | 81.10 |
90.70
|
| ’22 | (53.40) | — | — | — |
97.00
|
| ’21 | — | 81.20 | 94.50 | (23.90) |
214.60
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.35 | 0.67 | — | — |
—
|
| ’25 | 0.26 | 0.29 | 0.36 | 0.24 |
1.15
|
| ’24 | 0.19 | 0.27 | 0.25 | 0.21 |
0.92
|
| ’23 | 0.13 | 0.20 | 0.24 | 0.08 |
0.64
|
| ’22 | — | 0.28 | (0.11) | 0.08 |
0.40
|
| ’22 | 0.24 | — | — | — |
0.40
|
| ’21 | — | 0.59 | 0.51 | (0.52) |
0.97
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 20.65 | 19.29 | 27.55 | 27.74 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 37.38 | 30.87 | 41.15 | 50.03 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,700 | 2,400 | 2,500 | 2,600 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | 0.00 | 0.64 | 0.63 | 0.65 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,282.00 | 1,530.50 | 1,566.50 | 1,695.90 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 33.70% | 42.35% | 45.13% | 45.10% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 84.00 | 146.80 | 207.00 | 256.30 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.55% | 9.59% | 13.21% | 15.11% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 57.00 | 112.70 | 160.20 | 198.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 54.50 | 87.90 | 88.30 | 88.70 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.43 | 8.78 | 9.12 | 10.06 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 0.40 | 0.65 | 0.93 | 1.17 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.64 | 1.46 | 1.71 | 2.05 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | 0.00 | (0.08) | (0.12) | (0.18) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.64 | 1.38 | 1.59 | 1.88 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.63 | 9.20 | 9.24 | 9.51 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 152.00 | 174.25 | 171.69 | 168.66 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 41.65 | 44.78 | 40.11 | 39.74 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.73 | 3.31 | 4.09 | 4.62 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.08 | 3.16 | 4.04 | 4.89 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.22 | 3.55 | 4.28 | 4.74 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 50.16 | 22.60 | 24.52 | 25.39 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 97.00 | 253.90 | 293.50 | 346.50 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (7.60) | (13.60) | (20.20) | (29.90) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 97.00 | 240.30 | 273.30 | 316.60 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 469.00 | 446.90 | 474.30 | 552.30 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 579.00 | 495.30 | 495.60 | 496.50 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 454.00 | 358.60 | 297.60 | 196.00 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,615.00 | 1,602.80 | 1,586.80 | 1,603.30 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.89% | 4.08% | 6.03% | 7.43% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | 0.00% | 6.10% | 8.11% | 9.69% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.55% | 7.00% | 10.05% | 12.41% | — | — | — |
ROE
|
Zurn Elkay Water Solutions (ZWS) has engineered a stunning post-merger metamorphosis, slashing headcount by 81% while exploding revenue per employee 510% to over $637,000, fueling a revenue rebound from pandemic lows and gross margins to 45%. Profitability is surging—EBT doubled to 13.2% margins, net income up 181%, EPS 133% higher, and ROE hitting 10%—backed by a deleveraged balance sheet with net debt down 86%. Yet, this efficiency machine trades at frothy multiples (40x trailing PE), riding infrastructure tailwinds like the BIL’s lead pipe bonanza, but whispers of over-optimism linger amid modest 2024 growth.
Projections paint a steady compounder: 27% revenue growth to 2028, EPS up 45%, with free cash flow fortifying the fortress. Analysts nod approval with 7-27% upside targets, but contrarian flags wave high—zero insider buys amid tens of millions in sells, including CEO dumps at peaks, questioning if the premium holds against rate hikes, supply snarls, or construction slumps. For retail rebels eyeing water’s essential scarcity play, ZWS tempts as a hold-to-buy, but watch Q1 2026 earnings like a hawk; the growth story holds water, unless insiders bail harder.
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