Jun 2026 (Q2 FY26) — Jul 29, 2026
Zurn Elkay Water Solutions Q2 FY26 — Record Margins and Strategic Acquisition
Read the full callZurn Elkay Water Solutions earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 433 | +11.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 19.0 | +2.7 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 58.9 | +35.1% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Guidance
37 of 37 judged targets kept · 34 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBITDA margin (quarterly guide) | 27% to 27.5%, 50 to 100 basis points expansion | Mar 2026 | our adjusted EBITDA margin expanded 120 basis points year-over-year to 27.7% in the quarter. This exceeded the high end of our guidance range of 27% to 27.5% | Achieved |
| Full-year free cash flow | approximately $335 million | Dec 2025 | full year free cash flow to be at least $350 million | Revised Up |
| Full-year adjusted EBITDA (inclusive of Intellihot) | $503 million to $513 million | Jun 2026 | we expect full year adjusted EBITDA to range between $503 million and $513 million | New |
34 of Zurn Elkay Water Solutions Corp's 71 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 68 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: $45.74 on 17 Oct 2025 → $47.12. High $53.18 (4 Aug 2026), low $43.7 (30 Mar 2026).
Overview
Guidance
37 of 37 judged targets kept · 34 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBITDA margin (quarterly guide) | 27% to 27.5%, 50 to 100 basis points expansion | Mar 2026 | our adjusted EBITDA margin expanded 120 basis points year-over-year to 27.7% in the quarter. This exceeded the high end of our guidance range of 27% to 27.5% | Achieved |
| Full-year free cash flow | approximately $335 million | Dec 2025 | full year free cash flow to be at least $350 million | Revised Up |
| Full-year adjusted EBITDA (inclusive of Intellihot) | $503 million to $513 million | Jun 2026 | we expect full year adjusted EBITDA to range between $503 million and $513 million | New |
Claimed
Qualified
The full ledger
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Call summaries
Zurn Elkay Water Solutions Q2 FY26 — Record Margins and Strategic Acquisition
Read the full callZurn Elkay Water Solutions Q1 FY26 — Strong Sales Growth and Margin Expansion
Read the full callEvery analysed call
Financials
Net profit, year on year: +35% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 412 | 410 | 371 | 389 | 445 | 455 | 407 | 433 |
| Operating profit | 72 | 70 | 49 | 63 | 78 | 78 | 60 | 82 |
| Operating margin | 17.4% | 17.1% | 13.3% | 16.3% | 17.5% | 17.0% | 14.8% | 19.0% |
| Interest | 9 | 8 | 8 | 7 | 8 | 7 | 7 | 6 |
| Profit before tax | 62 | 60 | 42 | 56 | 68 | 79 | 53 | 77 |
| Tax rate | 26.7% | 28.0% | 13.6% | 26.9% | 26.2% | 24.6% | 21.6% | 23.4% |
| Net profit | 46 | 44 | 36 | 44 | 51 | 62 | 42 | 59 |
| EPS ($ per share) | 0.27 | 0.25 | — | 0.26 | 0.30 | 0.36 | — | 0.35 |
| Line item | Dec 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 |
| Reserves | 148 | 86 | 116 | -1,237 | -1,165 | -1,178 | -1,169 | -1,132 |
| Total liabilities | 1,893 | 2,313 | 1,962 | 951 | 1,249 | 1,064 | 1,062 | 1,076 |
| Fixed assets | 373 | 379 | 435 | 64 | 184 | 180 | 164 | 158 |
| Total assets | 3,262 | 3,627 | 3,401 | 1,078 | 2,864 | 2,667 | 2,649 | 2,679 |
| Line item | Mar 2019 | Mar 2020 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 258 | 299 | 320 | 224 | 97 | 254 | 294 | 347 |
| Cash from investing | -53 | -123 | -197 | -22 | -7 | -5 | -20 | -30 |
| Cash from financing | -117 | 115 | -156 | -356 | -61 | -239 | -207 | -217 |
| Net cash flow | 75 | 281 | -21 | -159 | 28 | 12 | 61 | 103 |
| Capital expenditure | -42 | -41 | — | — | — | — | — | — |
| Free cash flow | 216 | 257 | — | — | — | — | — | — |
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| Reportable | 100% | 100% | 100% | 100% | 100% | 100% | +10.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Q2 FY2026 · share of revenue
As ZWS cuts its regions in its filings; they can nest, so they need not add to 100%.
68 filings between Oct 29, 2025 and Oct 15, 2026.
Purchases
$100.0K
1 purchase by 1 insider
Sales
$38.94M
25 sales by 8 insiders
8% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 3 gifts.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| ADAMS TODD A. | — | $28.12M | Feb 10, 2026 |
| PETERSON MARK W | — | $5.69M | Aug 4, 2026 |
| JAHNKE TIMOTHY J | — | $3.14M | Feb 17, 2026 |
| Schoon Jeffrey A | — | $689.6K | Feb 11, 2026 |
| Pauli David J | — | $437.6K | Feb 11, 2026 |
| LaValle Jeffrey J. | — | $387.4K | Feb 17, 2026 |
| Troutman Michael | — | $377.0K | Feb 17, 2026 |
| Chhabra Sudhanshu | — | $102.8K | Feb 17, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | MOORE GEORGE C Director | Award | 668 | $31.3K |
| Oct 15, 2026 | Schooler Rosemary Director | Award | 534 | $25.0K |
| Oct 15, 2026 | Troy Peggy Director | Award | 614 | $28.8K |
| Oct 15, 2026 | CHRISTOPOUL THOMAS Director | Award | 641 | $30.0K |
| Oct 15, 2026 | Longren David C. Director | Award | 614 | $28.8K |
| Aug 19, 2026 | Butler Jacques Donavon Director | Purchase | 2,016 | $100.0K |
| Aug 4, 2026 | PETERSON MARK W Chief Administrative Officer | Sale | 25,000 | $1.33M |
| Jul 15, 2026 | Longren David C. Director | Award | 604 | $28.8K |
| Jul 15, 2026 | Schooler Rosemary Director | Award | 525 | $25.0K |
| Jul 15, 2026 | CHRISTOPOUL THOMAS Director | Award | 630 | $30.0K |
| Jul 15, 2026 | MOORE GEORGE C Director | Award | 657 | $31.3K |
| Jul 15, 2026 | Troy Peggy Director | Award | 604 | $28.8K |
| May 28, 2026 | Klun Daniel J Chief Financial Officer | Award | 2,276 | — |
| Apr 15, 2026 | Longren David C. Director | Award | 607 | $28.8K |
| Apr 15, 2026 | Troy Peggy Director | Award | 607 | $28.8K |
| Apr 15, 2026 | CHRISTOPOUL THOMAS Director | Award | 634 | $30.0K |
| Apr 15, 2026 | Schooler Rosemary Director | Award | 528 | $25.0K |
| Apr 15, 2026 | MOORE GEORGE C Director | Award | 660 | $31.3K |
| Feb 17, 2026 | LaValle Jeffrey J. VP, General Counsel & Sec'y | Sale | 447 | $22.7K |
| Feb 17, 2026 | JAHNKE TIMOTHY J Director | Sale | 25,000 | $1.28M |
| Feb 17, 2026 | Chhabra Sudhanshu VP-Zurn Business Systems | Sale | 2,021 | $102.8K |
| Feb 17, 2026 | Troutman Michael Chief Information Officer | Sale | 448 | $22.8K |
| Feb 17, 2026 | PETERSON MARK W Chief Administrative Officer | Sale | 2,006 | $102.0K |
| Feb 11, 2026 | Troutman Michael Chief Information Officer | Sale | 919 | $47.5K |
| Feb 11, 2026 | PETERSON MARK W Chief Administrative Officer | Sale | 3,793 | $195.3K |
| Feb 11, 2026 | Pauli David J Chief Financial Officer | Sale | 812 | $41.9K |
| Feb 11, 2026 | Schoon Jeffrey A President | Sale | 1,286 | $66.3K |
| Feb 11, 2026 | LaValle Jeffrey J. VP, General Counsel & Sec'y | Sale | 946 | $48.8K |
| Feb 10, 2026 | Schooler Rosemary Director | Award | 2,900 | — |
| Feb 10, 2026 | JAHNKE TIMOTHY J Director | Award 10b5-1 plan | 2,900 | — |
| Feb 10, 2026 | CHRISTOPOUL THOMAS Director | Award | 2,900 | — |
| Feb 10, 2026 | Longren David C. Director | Award | 2,900 | — |
| Feb 10, 2026 | Troutman Michael Chief Information Officer | Sale | 5,922 | $306.8K |
| Feb 10, 2026 | Schoon Jeffrey A President | Sale | 12,034 | $623.4K |
| Feb 10, 2026 | MOORE GEORGE C Director | Award | 2,900 | — |
| Feb 10, 2026 | ADAMS TODD A. Chairman and CEO | Sale | 5,050 | $261.6K |
| Feb 10, 2026 | ADAMS TODD A. Chairman and CEO | Sale | 270,000 | $13.98M |
| Feb 10, 2026 | PETERSON MARK W Chief Administrative Officer | Award | 5,874 | — |
| Feb 10, 2026 | PETERSON MARK W Chief Administrative Officer | Sale | 35,267 | $1.83M |
| Feb 10, 2026 | McTague Emma M Director | Award | 2,900 | — |
| Feb 10, 2026 | LaValle Jeffrey J. VP, General Counsel & Sec'y | Sale | 6,097 | $315.8K |
| Feb 10, 2026 | LaValle Jeffrey J. VP, General Counsel & Sec'y | Award | 2,334 | — |
| Feb 10, 2026 | BARTLETT MARK S. Director | Award | 2,900 | — |
| Feb 10, 2026 | Butler Jacques Donavon Director | Award | 2,900 | — |
| Feb 10, 2026 | Troy Peggy Director | Award | 2,900 | — |
| Feb 10, 2026 | Pauli David J Chief Financial Officer | Sale | 7,639 | $395.7K |
| Feb 9, 2026 | ADAMS TODD A. Chairman and CEO | Sale | 263,347 | $13.87M |
| Feb 6, 2026 | Troutman Michael Chief Information Officer | Award | 17,881 | — |
| Feb 6, 2026 | Schoon Jeffrey A President | Award | 24,981 | — |
| Feb 6, 2026 | Pauli David J Chief Financial Officer | Award | 15,778 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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