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Zurn Elkay
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Latest analysis
Updated Oct 28, 2026
Zurn Elkay posts 9% revenue growth, 28.3% EBITDA margin; expands hot water adjacency with Runpoint mixing valve.
Zurn Elkay delivered Q3 2026 reported revenue growth of 9% (7% organic) with EBITDA expanding 150 basis points to 28.3%, driven by mix improvement, productivity gains, and price realization of 2 points. The company introduced Wilkins Runpoint, a digital mixing valve targeting a $200 million addressable market in commercial hot water systems, as the second component of its hot water adjacency strategy alongside the Intellihot acquisition. Management raised full-year 2026 EBITDA guidance and cited 40%-plus incremental margins as its official target going forward, supported by SKU simplification benefits expected to contribute approximately $5 million in 2027 EBITDA, while acknowledging that end markets face headwinds and 2027 top-line growth will depend on share gains, secular tailwinds, and pricing rather than market expansion.
Tone: cautiousRevenue
$1.7B
ZWS 10-K · FY 2025
Employees
2,600
Revenue FY2024
$1.6B
EBITDA margin
28.3%
Profile
ZWS 10-K Item 1 · Feb 9, 2026Zurn Elkay Water Solutions Corporation is a pure-play water management company that designs, manufactures, and markets specification-driven products for institutional, commercial, waterworks, and residential construction markets. Its portfolio spans water safety and control, flow systems, hygienic and environmental, and filtered drinking water products sold under brands including Zurn, Elkay, and Wilkins. The company operates exclusively in North America and competes on product specification, regulatory compliance, and distribution density.
Read filing description ↓ Collapse description ↑
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. 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 of having long-term, valued relationships with market leaders. We operate in a disciplined way and the Zurn Elkay Business System ('ZEBS'), described below, is our operating philosophy. Grounded in the spirit of continuous improvement, ZEBS creates a scalable, process-based framework that focuses on driving superior customer satisfaction and financial results by targeting world-class operating performance throughout all aspects of our business. Zurn Elkay is a leading provider of specification-driven water management solutions to the multi-billion dollar construction market of primarily institutional and commercial buildings and to a lesser extent to the waterworks and residential construction markets. Our strategy is to build Zurn Elkay around a strategic platform that participates in end markets with sustainable growth characteristics where we are, or have the opportunity to become, the industry leader. We have a track record of acquiring and integrating companies and expect to continue to pursue strategic acquisitions that will broaden our product lines, allow us to move into adjacent markets and expand our geographic presence.
Primary products
- water safety and control products
- flow systems products
- hygienic and environmental products
- filtered drinking water products
- backflow preventers
- fire system valves
End markets
Geographies
“We compete against both large international and national rivals, as well as many regional competitors.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Net sales increased to $1,695.9 million in fiscal 2025 from $1,566.5 million in fiscal 2024, reflecting growth across the water management business.
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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.