Short answer
Zurn Elkay Water Solutions Corp (ZWS) filed its fiscal 2025 10-K annual report with the SEC on Feb 9, 2026. It reported revenue of $1.7B (+8.3% year over year) and net income of $198M.
- Top risk flagged: No geopolitical or macroeconomic threat with concrete exposure detailed
FY2025 key financial metrics · XBRL
- Revenue
- $1.7B
- +8.3% YoY
- Net income
- $198M
- +23.6% YoY
- Operating margin
- 16.4%
- +0.8 pp YoY
- Gross margin
- 45.1%
- −0.0 pp YoY
- EPS (diluted)
- $1.15
- +25.0% YoY
- ROE
- 12.3%
- +2.3 pp YoY
- Operating cash flow
- $347M
- +18.1% YoY
Source: XBRL data from the Zurn Elkay Water Solutions Corp (ZWS) FY2025 10-K on SEC EDGAR. USD.
Zurn Elkay Water Solutions Corp FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core pure-play water management business focusing on specification-driven products for institutional, commercial, waterworks, and residential construction markets
- Introduction of Pro Filtration™ in 2025: advanced bottle filling station with 10,000 gallon filtration capacity and filter replacement under 30 seconds
- Continued strategic emphasis on growth via acquisitions and ZEBS operating philosophy focusing on continuous improvement and customer satisfaction
- Employee count ~2,600 with 160 unionized; safety improved with 43% reduction in TRIR and LTIR vs 2022 combined Zurn Elkay rate
- Noteworthy: Completion of 2022 Elkay merger transforming company into broad portfolio water solutions provider, traded as ZWS on NYSE
Management Discussion & Analysis
- Revenue $1,695.9M in 2025, up 8.3% YoY from $1,566.5M in 2024, with core sales growing 8% across all categories
- Operating income $278.9M (16.4% margin) in 2025 vs $244.6M (15.6% margin) in 2024, operating margin up 80 bps
- Best segment: not segmented in MDA; restructuring charges $9.6M in 2025 vs $13.5M in 2024; worst impact from restructuring and inventory LIFO adjustments
- Net income $198.0M ($1.15/diluted share) in 2025 vs $160.2M ($0.92/share) in 2024; net income from continuing operations $192.4M in 2025
- Cash flow/capital: pension plan terminated with $4.3M annuity purchase; no explicit buyback/dividend/capex details provided
- Forward outlook: ongoing restructuring expected; monitoring tax law changes including OECD global minimum tax and UBBBA bill; risks in pension termination and inventory costs
Risk Factors
- No geopolitical or macroeconomic threat with concrete exposure detailed
- No operational or supply chain vulnerability specific to Zurn Elkay Water Solutions Corp identified
- No competitive or market disruption risk with named competitor or technology described
- No financial or structural risk such as leverage, concentration, or key-person dependency specifically reported
Generated from the filing text; verify against the original. How to read a 10-K
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