ZWS on NYSE
Zurn Elkay Water Solutions Corp
American general industrial machinery and equipment company1
In its 2026 annual report the company says: “Zurn Elkay Water Solutions Corporation is a growth-oriented, pure-play water management business that designs, procures, manufactures, and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety and the environment.”4 It is headquartered in Milwaukee, Wisconsin.1 Its shares trade on NYSE under the symbol ZWS.1
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Last updated Oct 21, 2026.
Overview
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- TickerZWS on NYSE1
- IndustryGeneral Industrial Machinery & Equipment1
- HeadquartersMilwaukee, Wisconsin1
- Incorporated inDE2
- Business address511 West Freshwater Way, Milwaukee, Wi 532042
- Filer categoryLarge accelerated filer2
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Zurn Elkay Water Solutions Corporation ("Zurn Elkay", "we", "us", "our", or the "Company") is a growth-oriented, pure-play water management business that designs, procures, manufactures, and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety and the environment. Our product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products, and filtered drinking water products for public and private spaces that deliver superior value to building owners, positively impact the environment and human hygiene and reduce product installation time. Our heritage of innovation and specification has allowed us to provide highly-engineered, mission-critical solutions to customers for decades and affords us the privilege …4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
45.1%Gross margin5
16.4%Operating margin5
11.7%Net margin5
8.3%Revenue growth, 20255
12.3%Return on equity5
0.31×Debt to equity5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
United States brought in 91% of the revenue Zurn Elkay Water Solutions Corp broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $1.4B | $1.4B | $1.6B |
| Canada | $78.7M | $90.1M | $97.8M |
| Other Geographical Areas | $41.7M | $47.5M | $47.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue55¢$931.1M
- Selling, general and admin25¢$417.6M
- Other costs5¢$85.3M
- Income tax4¢$63.9M
- Profit12¢$198.0M
Out of $1.7B in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Dividends paid18¢$63.9M
- Share buybacks46¢$159.9M
- Kept or used elsewhere35¢$122.7M
Out of $346.5M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $1.7B | $1.6B | $1.5B |
| Cost of sales | $931.1M | $859.5M | $882.4M |
| Gross profit | $764.8M | $707.0M | $648.1M |
| Selling, general and administrative expenses | $417.6M | $389.8M | $371.3M |
| Restructuring and other similar charges | $9.6M | $13.5M | $15.3M |
| Loss on divestiture of asbestos liabilities and certain assets | $0 | $0 | $11.4M |
| Amortization of intangible assets | $58.7M | $59.1M | $58.7M |
| Income from operations | $278.9M | $244.6M | $191.4M |
| Interest expense, net | -$28.6M | -$33.1M | -$38.5M |
| Loss on the extinguishment of debt | $0 | $0 | -$900.0K |
| Actuarial gain on pension and other postretirement benefit obligations | $500.0K | $1.4M | $2.0M |
| Other income (expense), net | $5.5M | -$5.9M | -$7.2M |
| Income before income taxes | $256.3M | $207.0M | $146.8M |
| Provision for income taxes | -$63.9M | -$48.1M | -$42.6M |
| Net income from continuing operations | $192.4M | $158.9M | $104.2M |
| Income from discontinued operations, net of tax | $5.6M | $1.3M | $8.5M |
| Net income | $198.0M | $160.2M | $112.7M |
| Continuing operations (in dollars per share) | $1 | $1 | $1 |
| Discontinued operations (in dollars per share) | $0 | $0 | $0 |
| Net income (in dollars per share) | $1.17 | $0.93 | $0.65 |
| Continuing operations (in dollars per share) | $1 | $1 | $1 |
| Discontinued operations (in dollars per share) | $0 | $0 | $0 |
| Net income (in dollars per share) | $1.15 | $0.92 | $0.64 |
| Basic (in shares) | 168.7M shares | 171.7M shares | 174.3M shares |
| Effect of dilutive equity awards (in shares) | 2.6M shares | 3.0M shares | 3.0M shares |
| Diluted (in shares) | 171.3M shares | 174.7M shares | 177.3M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $300.5M | $198.0M | ||
| Receivables, net | $184.8M | $202.2M | ||
| Inventories, net | $274.4M | $272.6M | ||
| Income taxes receivable | $13.3M | $19.6M | ||
| Other current assets | $38.7M | $29.7M | ||
| Total current assets | $811.7M | $722.1M | ||
| Property, plant and equipment, net | $157.6M | $164.0M | ||
| Intangible assets, net | $835.0M | $891.6M | ||
| Goodwill | $795.0M | $794.2M | $796.0M | |
| Other assets | $80.1M | $76.6M | ||
| Total assets | $2.7B | $2.6B | ||
| Current maturities of debt | $900.0K | $800.0K | ||
| Trade payables | $65.2M | $71.7M | ||
| Compensation and benefits | $40.9M | $37.9M | ||
| Current portion of pension and other postretirement benefit obligations | $1.1M | $1.2M | ||
| Other current liabilities | $151.3M | $136.2M | ||
| Total current liabilities | $259.4M | $247.8M | ||
| Long-term debt | $495.6M | $494.8M | ||
| Pension and other postretirement benefit obligations | $9.6M | $14.1M | ||
| Deferred income taxes | $189.7M | $196.5M | ||
| Operating lease liability | $42.0M | $43.3M | ||
| Other liabilities | $79.8M | $65.2M | ||
| Total liabilities | $1.1B | $1.1B | ||
| Common stock, $0.01 par value; 200,000,000 shares authorized; shares issued and outstanding: 166,981,602 at December 31, 2025 and 170,308,023 at December 31, 2024 | $1.7M | $1.7M | ||
| Additional paid-in capital | $2.8B | $2.8B | ||
| Retained deficit | -$1.1B | -$1.2B | ||
| Accumulated other comprehensive loss | -$76.7M | -$74.4M | ||
| Total stockholders' equity | $1.6B | $1.6B | $1.6B | $1.6B |
| Total liabilities and stockholders' equity | $2.7B | $2.6B | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock, shares issued (in shares) | 167.0M shares | 170.3M shares | ||
| Common stock, shares outstanding (in shares) | 167.0M shares | 170.3M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $300.5M | $198.0M | ||
| Receivables, net | $184.8M | $202.2M | ||
| Inventories, net | $274.4M | $272.6M | ||
| Income taxes receivable | $13.3M | $19.6M | ||
| Other current assets | $38.7M | $29.7M | ||
| Total current assets | $811.7M | $722.1M | ||
| Property, plant and equipment, net | $157.6M | $164.0M | ||
| Intangible assets, net | $835.0M | $891.6M | ||
| Goodwill | $795.0M | $794.2M | $796.0M | |
| Other assets | $80.1M | $76.6M | ||
| Total assets | $2.7B | $2.6B | ||
| Current maturities of debt | $900.0K | $800.0K | ||
| Trade payables | $65.2M | $71.7M | ||
| Compensation and benefits | $40.9M | $37.9M | ||
| Current portion of pension and other postretirement benefit obligations | $1.1M | $1.2M | ||
| Other current liabilities | $151.3M | $136.2M | ||
| Total current liabilities | $259.4M | $247.8M | ||
| Long-term debt | $495.6M | $494.8M | ||
| Pension and other postretirement benefit obligations | $9.6M | $14.1M | ||
| Deferred income taxes | $189.7M | $196.5M | ||
| Operating lease liability | $42.0M | $43.3M | ||
| Other liabilities | $79.8M | $65.2M | ||
| Total liabilities | $1.1B | $1.1B | ||
| Common stock, $0.01 par value; 200,000,000 shares authorized; shares issued and outstanding: 166,981,602 at December 31, 2025 and 170,308,023 at December 31, 2024 | $1.7M | $1.7M | ||
| Additional paid-in capital | $2.8B | $2.8B | ||
| Retained deficit | -$1.1B | -$1.2B | ||
| Accumulated other comprehensive loss | -$76.7M | -$74.4M | ||
| Total stockholders' equity | $1.6B | $1.6B | $1.6B | $1.6B |
| Total liabilities and stockholders' equity | $2.7B | $2.6B | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock, shares issued (in shares) | 167.0M shares | 170.3M shares | ||
| Common stock, shares outstanding (in shares) | 167.0M shares | 170.3M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $198.0M | $160.2M | $112.7M |
| Depreciation | $30.0M | $29.2M | $29.2M |
| Amortization of intangible assets | $58.7M | $59.1M | $58.7M |
| Non-cash restructuring charges | $2.5M | $8.0M | $2.5M |
| Loss on divestiture of asbestos liabilities and certain assets | $0 | $0 | $9.3M |
| Divestiture of asbestos liabilities and certain assets | $0 | $0 | -$13.0M |
| Loss (gain) on dispositions of long-lived assets | $4.0M | $600.0K | -$2.7M |
| Deferred income taxes | -$4.6M | -$14.8M | -$4.2M |
| Other non-cash expenses | $2.2M | $5.1M | $1.9M |
| Actuarial gain on pension and other postretirement benefit obligations | -$500.0K | -$1.4M | -$2.0M |
| Loss on the extinguishment of debt | $0 | $0 | $900.0K |
| Pension curtailment and settlement | -$10.7M | $0 | $0 |
| Stock-based compensation expense | $40.6M | $37.9M | $40.0M |
| Receivables, net | $18.4M | $6.3M | $10.1M |
| Inventories, net | -$100.0K | $2.7M | $65.0M |
| Other assets | $6.9M | $1.4M | $2.5M |
| Accounts payable | -$6.8M | $15.8M | -$60.8M |
| Accruals and other | $7.9M | -$16.6M | $3.8M |
| Cash provided by operating activities | $346.5M | $293.5M | $253.9M |
| Expenditures for property, plant and equipment | -$29.9M | -$21.8M | -$21.3M |
| Proceeds from dispositions of long-lived assets | $0 | $1.6M | $7.7M |
| Proceeds from insurance claims | $0 | $0 | $9.0M |
| Cash used for investing activities | -$29.9M | -$20.2M | -$4.6M |
| Proceeds from borrowings of debt | $0 | $0 | $13.0M |
| Repayments of debt | -$800.0K | -$800.0K | -$77.9M |
| Proceeds from exercise of stock options and ESPP contributions | $7.9M | $8.7M | $4.3M |
| Taxes withheld and paid on employees' share-based payment awards | -$600.0K | -$8.6M | -$3.1M |
| Repurchase of common stock | -$159.9M | -$150.2M | -$125.1M |
| Payment of common stock dividends | -$63.9M | -$56.6M | -$50.4M |
| Cash used for financing activities | -$217.3M | -$207.5M | -$239.2M |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $3.2M | -$4.5M | $1.8M |
| Increase in cash, cash equivalents and restricted cash | $102.5M | $61.3M | $11.9M |
No quarter-by-quarter statement was filed.
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Corporate structure
Zurn Elkay Water Solutions Corp sits at the top of its group. 38 entities, 8 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Zurn Elkay Water Solutions Corp
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Filed SCHEDULE 13G/A on Zurn Elkay Water Solutions Corp, latest Aug 13, 2026 (2 filings since Feb 13, 2024)
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on Zurn Elkay Water Solutions Corp, latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Zurn Elkay Water Solutions Corp, latest Mar 27, 2026 (7 filings since Feb 10, 2022)
- BlackRock Filed SCHEDULE 13G/A on Zurn Elkay Water Solutions Corp, latest Apr 29, 2025 (5 filings since Feb 3, 2022)
- Ice Mountain LLC Filed SCHEDULE 13G/A on Zurn Elkay Water Solutions Corp, latest Feb 19, 2025 (3 filings since Oct 2, 2024)
- Impax Asset Management Group Filed SCHEDULE 13G/A on Zurn Elkay Water Solutions Corp, latest Feb 5, 2025 (3 filings since Feb 13, 2023)
- Capital World Investors Filed SC 13G/A on Zurn Elkay Water Solutions Corp, latest Feb 13, 2023 (2 filings since Feb 11, 2022)
- Janus Henderson Group Ltd. Filed SC 13G/A on Zurn Elkay Water Solutions Corp, latest Feb 9, 2023 (2 filings since Feb 10, 2022)
- Wellington Management Company Filed SC 13G/A on Zurn Elkay Water Solutions Corp, latest Feb 6, 2023 (2 filings since Feb 4, 2022)
- Errol R. Halperin Filed SC 13D on Zurn Elkay Water Solutions Corp, latest Jul 12, 2022
- Zurn Elkay Water Solutions Corp Milwaukee, Wisconsin
- 1001453472 Ontario Limited Subsidiary · Canada
- 7420 Clover Avenue LLC Subsidiary · Ohio, United States
- American Dryer, LLC Subsidiary · Illinois, United States
- ByElkay.com Sales, Inc. Subsidiary · Illinois, United States
- Chase Acquisition I, Inc. Subsidiary · Delaware, United States
- E.B. Tecnica de El Salvador S.A. de C.V. Subsidiary · El Salvador
- E.B. Tecnica de Guatemala S.A. Subsidiary · Guatemala
- E.B. Tecnica Mexicana S.A. de C.V. Subsidiary · Mexico
- Elkay Asia Pacific Sales PTE, LTD. Subsidiary · Singapore
- Elkay Mexico, Ltd. Subsidiary · Illinois, United States
- Elkay Plumbing Products Company Subsidiary · Delaware, United States
- Elkay Sales, LLC (f/k/a Elkay Sales, Inc.) Subsidiary · Delaware, United States
- Elkay Smartwell, LLC Subsidiary · Illinois, United States
- EMC Water LLC (f/k/a Elkay Manufacturing Company) Subsidiary · Delaware, United States
- Filamat Composites Inc. Subsidiary · Canada
- Green Turtle Americas, LTD Subsidiary · North Carolina, United States
- Grupo Bernox S.A. de C.V. Subsidiary · Mexico
- Hadrian Inc. Subsidiary · Delaware, United States
- Hadrian Solutions Limited Subsidiary · Canada
- Inmobiliaria Vertemi S.A. de C.V. Subsidiary · Mexico
- InsureZWS, Inc. Subsidiary · Vermont, United States
- Just Manufacturing LLC Subsidiary · Delaware, United States
- World Dryer China, LLC Subsidiary · Delaware, United States
- World Dryer Corporation Subsidiary · Delaware, United States
- ZBS Global, Inc. Subsidiary · Delaware, United States
- and 12 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Zurn Elkay Water Solutions Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finance-lease assets | $17.8M5 Dec 31, 2025 | $19.0M5 Dec 31, 2024 | −6.3% |
| Operating-lease assets (leased space) | $52.4M5 Dec 31, 2025 | $51.2M5 Dec 31, 2024 | +2.3% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $300.5M5 Dec 31, 2025 | $198.0M5 Dec 31, 2024 | +51.8% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $795.0M5 Dec 31, 2025 | $794.2M5 Dec 31, 2024 | +0.1% |
| Intangible assets, net (excluding goodwill) | $835.0M5 Dec 31, 2025 | $891.6M5 Dec 31, 2024 | −6.3% |
| Accumulated amortization | $505.0M5 Dec 31, 2025 | $445.7M5 Dec 31, 2024 | +13.3% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $274.4M5 Dec 31, 2025 | $272.6M5 Dec 31, 2024 | +0.7% |
| Raw materials | $49.2M5 Dec 31, 2025 | $44.8M5 Dec 31, 2024 | +9.8% |
| Work in process | $17.3M5 Dec 31, 2025 | $12.1M5 Dec 31, 2024 | +43.0% |
| Finished goods | $241.3M5 Dec 31, 2025 | $228.7M5 Dec 31, 2024 | +5.5% |
Properties, in its own words
As of December 31, 2025, we had 21 principal manufacturing and warehouse facilities as set forth below:
Total Square Feet
The rest of Item 2
Location · Number of Facilities · Owned · Leased
USA
Arizona · 1 · — · 46,100
California · 2 · 157,500 · 186,100
Georgia · 1 · — · 262,600
Illinois · 3 · 465,500 · 499,200
North Carolina · 4 · 392,200 · 387,300
Pennsylvania · 2 · — · 234,600
Texas · 3 · 175,000 · 284,200
International
Canada · 4 · 72,600 · 195,600
Mexico · 1 · 106,100 · —
We believe our principal manufacturing and warehouse facilities are suitable for our operations and provide sufficient capacity for our current and future anticipated needs.
Item 2 of the 10-K filed Feb 9, 2026.4
Leadership
Who has led Zurn Elkay Water Solutions Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
201520202025
- Chief executive officerTodd A. Adams Mar 28, 2012 to now14
- ChairTodd A. Adams Mar 5, 2021 to now15
- PresidentJeffrey A. Schoon Feb 13, 2024 to now16
- PresidentDonald J. Nelson Aug 4, 2014 to May 27, 201517
- PresidentKevin J. Zaba Aug 4, 2014 to Sep 9, 202118
- PresidentCraig Wehr Aug 6, 2014 to Nov 3, 202319
- PresidentThomas Babacan Aug 6, 2014 to May 27, 201520
- PresidentTodd A. Adams Mar 28, 2012 to Dec 8, 202314
- Chief financial officerDaniel J. Klun Jun 2, 2026 to now21
- Chief financial officerDavid J. Pauli Jul 12, 2024 to Jun 2, 202622
Board members and other officers (34)
- VP, Mktg, Com, Sus & Pub AffAngela M. Hersil Aug 3, 2026 to now23
- Executive VP & General ManagerArnaldo Arturo Hernandez Covarrubias Aug 3, 2026 to now24
- Senior VP, Supply ChainCharles Wesley Cline Aug 3, 2026 to now25
- Vice President, ZEBSJeremy L. Lamotte Aug 3, 2026 to now26
- Executive Vice PresidentJeffrey A. Schoon Mar 10, 2023 to Mar 10, 202327
- Chief Human Resources OfficerKate Silha Mar 10, 2023 to Oct 10, 202328
- Pres. Elkay Mfg. CompanyWilliam Edward Hamilton Iv. Jul 11, 2022 to Jul 13, 202229
- VP & Gen Mgr-Digital SolutionsChirag Dua Jul 31, 2020 to Nov 2, 202130
- Chief Information OfficerMichael Troutman Aug 4, 2017 to now31
- Regional Executive India & M.ESudhanshu Chhabra Jul 28, 2016 to now32
- Pres & Group Exec - Water MgmtMatthew Stillings Oct 31, 2016 to Oct 18, 201733
- Chief Human Resources OfficerGeorge J. Powers Feb 10, 2015 to Jan 4, 202234
- EVP - Corp. & Bus. DevelopmentPraveen R. Jeyarajah Mar 28, 2012 to Aug 4, 201435
- Board memberEmma M. McTague Mar 17, 2023 to now36
- Board memberErrol R. Halperin Jul 11, 2022 to Jul 13, 202237
- Board memberTimothy J. Jahnke Jul 12, 2022 to now38
- Board memberJacques Donavon Butler Feb 26, 2021 to now39
- Board memberPeggy Troy May 22, 2019 to now40
- Board memberRosemary Schooler May 22, 2019 to now41
- Board memberDavid C. Longren Feb 9, 2016 to now42
- Board memberGeorge C. Moore Feb 13, 2015 to now43
- Board memberRobin A. Walker-Lee Jul 23, 2015 to Feb 18, 202144
- Board memberTheodore D. Crandall Oct 20, 2015 to Feb 18, 202145
- Board memberJohn M. Stropki Jan 21, 2014 to May 30, 201846
- Board memberThomas Christopoul Feb 27, 2013 to now47
- Board memberDamian J. Giangiacomo Mar 28, 2012 to Jan 8, 201548
- Board memberJohn S. Stroup Mar 28, 2012 to Oct 12, 202149
- Board memberPeter P. Copses Mar 28, 2012 to Mar 28, 201250
- Board memberPraveen R. Jeyarajah Mar 28, 2012 to May 15, 201235
- Board memberSteve Martinez Mar 28, 2012 to Mar 28, 201251
- Board memberTodd A. Adams Mar 28, 2012 to Jun 5, 202014
- Board memberMark S. Bartlett Jun 6, 2012 to now52
- General counselJeffrey J. Lavalle Feb 7, 2022 to now53
- General counselPatricia M. Whaley Aug 6, 2014 to Jan 4, 202254
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 1001453472 Ontario Limited Canada3
- 7420 Clover Avenue LLC Ohio3
- American Dryer, LLC Illinois3
- ByElkay.com Sales, Inc. Illinois3
- Chase Acquisition I, Inc. Delaware3
- E.B. Tecnica Mexicana S.A. de C.V. Mexico3
- E.B. Tecnica de El Salvador S.A. de C.V. El Salvador3
- E.B. Tecnica de Guatemala S.A. Guatemala3
- EMC Water LLC (f/k/a Elkay Manufacturing Company) Delaware3
- Elkay Asia Pacific Sales PTE, LTD. Singapore3
- Elkay Mexico, Ltd. Illinois3
- Elkay Plumbing Products Company Delaware3
- Elkay Sales, LLC (f/k/a Elkay Sales, Inc.) Delaware3
- Elkay Smartwell, LLC Illinois3
- Filamat Composites Inc. Canada3
- Green Turtle Americas, LTD North Carolina3
- Grupo Bernox S.A. de C.V. Mexico3
- Hadrian Inc. Delaware3
- Hadrian Solutions Limited Canada3
- Inmobiliaria Vertemi S.A. de C.V. Mexico3
- InsureZWS, Inc. Vermont3
- Just Manufacturing LLC Delaware3
- World Dryer China, LLC Delaware3
- World Dryer Corporation Delaware3
All 37 listed subsidiaries
- ZBS Global, Inc. Delaware3
- Zurco, Inc. Delaware3
- Zurn Dutch Holdco II LLC Delaware3
- Zurn Dutch Two C.V. Netherlands3
- Zurn Holdings, Inc. Delaware3
- Zurn India Private Ltd. India3
- Zurn Industries Limited Canada3
- Zurn International Holdings B.V. Netherlands3
- Zurn International, Inc. Delaware3
- Zurn LLC Delaware3
- Zurn Neth Holdco LLC Delaware3
- Zurn PEX, Inc. Delaware3
- Zurn Water, LLC Texas3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Jul 28, 20268-K Results of operations55
- Jul 20, 20268-K Results of operations; Other events56
- May 27, 20268-K Results of operations; Executive or director change57
- May 1, 20268-K Executive or director change; Shareholder vote58
- Apr 21, 20268-K Results of operations59
- Feb 20, 20268-K Entered a material agreement; New debt or obligation60
- Feb 3, 20268-K Results of operations61
- Oct 28, 20258-K Results of operations62
- Jul 29, 20258-K Results of operations63
- May 2, 20258-K Executive or director change; Shareholder vote64
- Apr 22, 20258-K Results of operations65
- Feb 13, 20258-K Entered a material agreement; Other events66
- Mar 28, 2012New chief executive Todd A. Adams becomes CEO14
Calendar
Coming up
- Oct 27, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.43 a share, on Oct 28, 2025.67
When it reported results
- Jul 28, 2026Reported quarterly or annual results55
- Jul 20, 2026Reported quarterly or annual results56
- May 27, 2026Reported quarterly or annual results57
- Apr 21, 2026Reported quarterly or annual results59
- Feb 3, 2026Reported quarterly or annual results61
- Oct 28, 2025Reported quarterly or annual results62
- Jul 29, 2025Reported quarterly or annual results63
- Apr 22, 2025Reported quarterly or annual results65
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
584 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 42 major events, 383 insider forms, 28 large holders, 111 other. The latest 20:
- Aug 21, 20264 EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 6, 20264 EDGAR
- Aug 4, 2026144 EDGAR
- Aug 3, 20263 EDGAR
- Aug 3, 20263 EDGAR
- Aug 3, 20263 EDGAR
- Aug 3, 20263 EDGAR
- Jul 28, 202610-Q EDGAR
- Jul 28, 20268-K EDGAR
- Jul 20, 20268-K EDGAR
- Jul 17, 20264 EDGAR
- Jul 17, 20264 EDGAR
- Jul 17, 20264 EDGAR
- Jul 17, 20264 EDGAR
- Jul 17, 20264 EDGAR
- Jun 22, 202611-K EDGAR
- Jun 2, 20264 EDGAR
- Jun 2, 20263 EDGAR
- May 29, 2026SD EDGAR
The 584 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
162 open-market trades by officers, directors and large owners since October 2021: 2 buys and 160 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 19, 2026 | Butler Jacques DonavonDirector | Buy | 2,016 | $49.60 | $100.0K | Form 4 |
| Aug 4, 2026 | PETERSON MARK WChief Administrative Officer | Sale | 25,000 | $53.02 | $1.3M | Form 4 |
| Feb 17, 2026 | Chhabra SudhanshuVP-Zurn Business Systems | Sale | 2,021 | $50.85 | $102.8K | Form 4 |
| Feb 17, 2026 | Troutman MichaelChief Information Officer | Sale | 448 | $50.80 | $22.8K | Form 4 |
| Feb 17, 2026 | PETERSON MARK WChief Administrative Officer | Sale | 2,006 | $50.86 | $102.0K | Form 4 |
| Feb 17, 2026 | LaValle Jeffrey J.VP, General Counsel & Sec'y | Sale | 447 | $50.86 | $22.7K | Form 4 |
| Feb 17, 2026 | JAHNKE TIMOTHY JDirector | Sale | 25,000 | $51.18 | $1.3M | Form 4 |
| Feb 11, 2026 | Schoon Jeffrey APresident | Sale | 1,286 | $51.54 | $66.3K | Form 4 |
| Feb 11, 2026 | PETERSON MARK WChief Administrative Officer | Sale | 3,793 | $51.48 | $195.3K | Form 4 |
| Feb 11, 2026 | Pauli David JChief Financial Officer | Sale | 812 | $51.61 | $41.9K | Form 4 |
| Feb 11, 2026 | LaValle Jeffrey J.VP, General Counsel & Sec'y | Sale | 946 | $51.63 | $48.8K | Form 4 |
| Feb 11, 2026 | Troutman MichaelChief Information Officer | Sale | 919 | $51.67 | $47.5K | Form 4 |
| Feb 10, 2026 | Pauli David JChief Financial Officer | Sale | 7,639 | $51.80 | $395.7K | Form 4 |
| Feb 10, 2026 | ADAMS TODD A.Chairman and CEO | Sale | 275,050 | $51.78 | $14.2M | Form 4 |
| Feb 10, 2026 | PETERSON MARK WChief Administrative Officer | Sale | 35,267 | $51.80 | $1.8M | Form 4 |
| Feb 10, 2026 | LaValle Jeffrey J.VP, General Counsel & Sec'y | Sale | 6,097 | $51.80 | $315.8K | Form 4 |
| Feb 10, 2026 | Troutman MichaelChief Information Officer | Sale | 5,922 | $51.80 | $306.8K | Form 4 |
| Feb 10, 2026 | Schoon Jeffrey APresident | Sale | 12,034 | $51.80 | $623.4K | Form 4 |
| Feb 9, 2026 | ADAMS TODD A.Chairman and CEO | Sale | 263,347 | $52.68 | $13.9M | Form 4 |
| Feb 5, 2026 | PETERSON MARK WChief Administrative Officer | Sale | 23,183 | $51.40 | $1.2M | Form 4 |
All 162 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Feb 13, 2024 to Aug 13, 202668
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202669
- VANGUARD GROUP INCSCHEDULE 13G/A, 7 filings Feb 10, 2022 to Mar 27, 202670
- BlackRockSCHEDULE 13G/A, 5 filings Feb 3, 2022 to Apr 29, 202571
- Ice Mountain LLCSCHEDULE 13G/A, 3 filings Oct 2, 2024 to Feb 19, 202572
- Impax Asset Management GroupSCHEDULE 13G/A, 3 filings Feb 13, 2023 to Feb 5, 202573
- Capital World InvestorsSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 202374
- Janus Henderson Group Ltd.SC 13G/A, 2 filings Feb 10, 2022 to Feb 9, 202375
- Wellington Management CompanySC 13G/A, 2 filings Feb 4, 2022 to Feb 6, 202376
- Errol R. HalperinSC 13D, 1 filing Jul 12, 202277
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Todd A. Adams | $1.0M | $11.6M78 | |
| 2025 | David J. Pauli | $497.1K | $2.5M78 | |
| 2025 | Jeffrey A. Schoon | $496.2K | $2.3M78 | |
| 2025 | Sudhanshu Chhabra | $407.1K | $1.9M78 | |
| 2025 | Michael D. Troutman | $422.1K | $1.3M78 | |
| 2024 | Chairman and | $1.0M | $11.2M78 | |
| 2024 | Executive VicePresident | $391.2K | $3.1M78 | |
| 2024 | PresidentZurn Elkay | $473.1K | $2.4M78 | |
| 2024 | Chief Financial Officer | $407.8K | $2.3M78 | |
| 2024 | Chief Information Officer | $407.4K | $1.3M78 | |
| 2023 | Chief Executive Officer | $1.0M | $9.9M78 | |
| 2023 | PresidentZurn Elkay | $435.7K | $1.3M78 | |
| 2023 | Chief Information Officer | $395.0K | $1.2M78 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 24,566,503 | $1.2B | 0.0% | +540,082 |
| Vanguard Portfolio Management LLC | 8,988,098 | $454.2M | 0.0% | +131,792 |
| Kayne Anderson Rudnick Investment Management LLC | 8,892,334 | $449.3M | 1.4% | −1,958,233 |
| Vanguard Capital Management LLC | 7,014,394 | $354.4M | 0.0% | +27,024 |
| State Street Corp | 5,986,944 | $302.5M | 0.0% | +350,569 |
| Bank Of America Corp /de/ | 5,504,857 | $278.2M | 0.0% | −115,942 |
| Invesco Ltd. | 4,649,274 | $234.9M | 0.0% | +45,656 |
| Geode Capital Management, LLC | 3,842,182 | $194.2M | 0.0% | +196,110 |
| Beck Mack & Oliver LLC | 3,431,406 | $173.4M | 3.4% | −66,584 |
| Jupiter Topco LLC | 3,409,405 | $172.3M | 0.1% | New |
| First Trust Advisors LP | 3,179,833 | $160.7M | 0.1% | +101,609 |
| Alliancebernstein L.P. | 3,045,939 | $136.6M | 0.0% | −149,924 |
| Impax Asset Management Group plc | 2,633,758 | $133.1M | 0.9% | +24,616 |
| Dimensional Fund Advisors LP | 2,593,197 | $131.0M | 0.0% | +30,166 |
| Crescent Grove Advisors, LLC | 2,349,563 | $118.7M | 10.1% | +1,014,788 |
| Nomura Asset Management International Inc. | 2,284,516 | $115.4M | 0.2% | −521,854 |
| Morgan Stanley | 2,176,223 | $110.0M | 0.0% | +378,621 |
| Charles Schwab Investment Management Inc | 2,150,657 | $108.7M | 0.0% | +64,725 |
| Norges Bank | 2,096,197 | $105.9M | 0.0% | New |
| Wells Fargo & Company/mn | 1,826,934 | $92.3M | 0.0% | −80,228 |
| Fuller & Thaler Asset Management, Inc. | 1,794,463 | $90.7M | 0.2% | +20,148 |
| Northern Trust Corp | 1,772,636 | $89.6M | 0.0% | +95,367 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1,450,412 | $73.3M | 0.1% | +102,773 |
| Nuveen, LLC | 1,297,310 | $65.6M | 0.0% | +598,504 |
| Raymond James Financial Inc | 1,287,614 | $65.1M | 0.0% | −197,559 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Zurn Elkay Water Solutions Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARZurn Elkay Water Solutions Corp1
- CIK0001439288
- Employer ID (EIN)20-51970134
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)3560 General Industrial Machinery & Equipment1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address511 West Freshwater Way, Milwaukee, WI 532041
- Phone414-643-30001
- Shares outstanding166,871,913 as of Apr 16, 202613
- Public float$6.0B as of Jun 30, 20254
- AuditorErnst & Young LLP, Milwaukee, Wisconsin PCAOB ID 42; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceJul 18, 20081
- Filings1,344 in all: 4 (743), 8-K (156), 144 (64), SC 13G/A (57), 3 (50), 10-Q (43), SC 13G (24), 425 (16)1
All 52 form types
DEF 14A (15), 10-K (14), 4/A (14), DEFA14A (14), SD (13), 11-K (12), CORRESP (12), UPLOAD (10), S-8 (9), 424B7 (8), ARS (8), S-1/A (8), SCHEDULE 13G/A (6), 424B5 (5), FWP (4), EFFECT (3), IRANNOTICE (3), S-3ASR (3), 8-A12B (2), CERTNYS (2), PRER14A (2), S-1 (2), 10-KT (1), 25-NSE (1), 3/A (1), 424B2 (1), 424B3 (1), 424B4 (1), 5 (1), 8-A12B/A (1), 8-K/A (1), CT ORDER (1), DEFM14A (1), POSASR (1), PREM14A (1), RW (1), S-3 (1), S-3/A (1), S-4 (1), S-4/A (1), S-8 POS (1), SC 13D (1), SC 13D/A (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Feb 9, 2026
Quarterly report (10-Q) Jul 28, 2026
Proxy statement (DEF 14A) Mar 12, 2026
Latest 8-K (8-K) Jul 28, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock $.01 par value | ZWS | The New York Stock Exchange |
From the cover page of the 10-K filed Feb 9, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Zurn Elkay Water Solutions Corp names in Item 1A of its 10-K filed Feb 9, 2026: 26 risks under these headings, as written.4
- Strategic Risks
- Economic and financial market weakness, as well as overall challenging market cycles, may particularly impact the markets we serve, and, as a result may adversely affect our financial condition or results of operations.
- The markets we serve are highly competitive; an inability to effectively compete would adversely affect our business, financial condition and results of operations.
- If we are unable to effectively manage risks associated with changing technology, including artificial intelligence, product innovation and new product development, manufacturing techniques, distribution channels and business continuity, we may be at a competitive disadvantage.
- We may be unable to realize intended benefits from our ongoing Supply Chain Optimization and Footprint Repositioning initiatives, restructuring and divestiture efforts, and as a result our profitability or our business otherwise might be adversely affected.
- An inability to effectively integrate acquisitions, mergers or other business combinations could adversely affect our business, financial condition, results of operations or cash flows. Additionally, dispositions or liabilities retained in connection with dispositions could negatively affect us.
- The loss or financial instability of any significant customer or customers accounting for our backlog could adversely affect our business, financial condition, results of operations or cash flows.
- We rely on independent distributors and independent sales representatives. Termination of one or more of our relationships with any of our key independent distributors and / or a substantial number of independent representatives could have a material adverse effect on our business, financial condition, results of operations or cash flows.
- The inability to adequately protect intellectual property, or defend against infringement claims brought against us, could adversely affect our business.
- Operational Risks
- Increases in the cost, and/or the availability, of raw materials, including as a result of tariffs or other trade protection measures, could adversely affect our business, financial condition, results of operations or cash flows.
- The ongoing updates to our Enterprise Resource Planning ("ERP") systems, as well as failures of our data security and information technology infrastructure, cybersecurity breaches or misuse of artificial intelligence tools, could cause substantial business interruptions and adversely affect our business.
The other 16 risks
- Our inability to attract and retain key personnel, as well as challenges with respect to the management of human capital resources, in a highly competitive industry may adversely affect our business.
- Increased frequency of weather events could disrupt construction activity and adversely affect the demand for our products.
- The long-term effect of climate change could decrease demand for certain of our products.
- The physical impacts of climate change may materially adversely affect our business and financial condition.
- Our business and operations, and the operations of our suppliers, business partners and customers, may be adversely affected by future outbreaks of infectious diseases.
- Artificial intelligence presents challenges that can impact our business by posing security risks to confidential or proprietary information and personal data.
- Financial Risks
- Macroeconomic conditions and our credit agreement could adversely affect our ability to raise additional capital to fund our operations, limit our ability to react to changes in the economy or our industry, inhibit us from making beneficial acquisitions, adversely impact our ability to implement our capital allocation strategy and prevent us from making debt service payments. In addition, changing or increasing interest rates, including the rates under our debt agreements, could adversely affect our business or financial condition.
- The agreements governing our financing arrangements impose certain operating and financial restrictions, which could have a material adverse effect on our business, financial condition, results of operations or cash flows.
- Our goodwill and intangible assets are valued at an amount that is high relative to our total assets and in excess of our stockholders' equity.
- Our required cash contributions or plan settlement expense related to our pension plans may increase and we could experience a change in the funded status of our defined benefit pension plans and the amount recorded in our consolidated balance sheets related to those plans. Additionally, pension costs could increase in future years.
- Legal and Compliance Risks
- Our failure to comply with government regulations and requirements, third-party certification requirements and policies and standards driven by our customers or other constituencies, including those related to social responsibility, could adversely affect our reputation, business and results of operations.
- Regulatory and legislative developments related to climate change, may materially adversely affect our business and financial condition.
- We are subject to changes in legislative, regulatory and legal developments involving taxes.
- We may incur significant costs for environmental compliance and/or to address liabilities under environmental laws and regulations, and our reputation may be adversely affected.
- Certain subsidiaries are subject to litigation, including product liability and other claims, which could adversely affect our business, reputation, financial condition, results of operations or cash flows.
- Our inability to achieve our sustainability strategy goals and targets could adversely impact our business, financial condition, results of operations or cash flows.
Legal proceedings
Information with respect to our legal proceedings is contained in Item 8, Note 16, Commitments and Contingencies.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARTodd A. Adams, Chair
- 16SEC EDGARJeffrey A. Schoon, President
- 17SEC EDGARDonald J. Nelson, President
- 18SEC EDGARKevin J. Zaba, President
- 19SEC EDGARCraig Wehr, President
- 20SEC EDGARThomas Babacan, President
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- 36SEC EDGAREmma M. McTague, Board member
- 37SEC EDGARErrol R. Halperin, Board member
- 38SEC EDGARTimothy J. Jahnke, Board member
- 39SEC EDGARJacques Donavon Butler, Board member
- 40SEC EDGARPeggy Troy, Board member
- 41SEC EDGARRosemary Schooler, Board member
- 42SEC EDGARDavid C. Longren, Board member
- 43SEC EDGARGeorge C. Moore, Board member
- 44SEC EDGARRobin A. Walker-Lee, Board member
- 45SEC EDGARTheodore D. Crandall, Board member
- 46SEC EDGARJohn M. Stropki, Board member
- 47SEC EDGARThomas Christopoul, Board member
- 48SEC EDGARDamian J. Giangiacomo, Board member
- 49SEC EDGARJohn S. Stroup, Board member
- 50SEC EDGARPeter P. Copses, Board member
- 51SEC EDGARSteve Martinez, Board member
- 52SEC EDGARMark S. Bartlett, Board member
- 53SEC EDGARJeffrey J. Lavalle, General counsel
- 54SEC EDGARPatricia M. Whaley, General counsel
- 55SEC EDGARResults of operations
- 56SEC EDGARResults of operations; Other events
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- 59SEC EDGARResults of operations
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- 61SEC EDGARResults of operations
- 62SEC EDGARResults of operations
- 63SEC EDGARResults of operations
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- 65SEC EDGARResults of operations
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