Earnings Releases·Oct 27, 2026, 4:07 PM ET

Zurn Elkay Water Solutions — Third Quarter 2026 Earnings Summary

Net sales rose 9% year-over-year to $495.1 million, driven by 7% core growth and 2% from the Intellihot acquisition, while net income and adjusted EPS increased to $76.1 million ($0.45) and $0.52 respectively.
Adjusted EBITDA expanded to $140.1 million (28.3% of sales), up from $122.2 million, supported by margin improvements from product mix and supply chain repositioning, with free cash flow reaching $110 million.
Guidance for Q4 2026 forecasts net sales of $430–$437 million and adjusted EBITDA of $120–$123 million, with full-year free cash flow expected to exceed $350 million excluding tariff refunds.
Capital allocation included an 18% dividend increase to $0.52 per share and $35 million in share repurchases, alongside the completed acquisition of Intellihot and entry into the digital master mixing valve market.