Zurn Elkay Water Solutions
Makes specification-driven water control, drainage, hygiene, drinking-water, and heating products for buildings.
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Profile
Designs water safety and control, drainage, hygienic plumbing, filtered drinking water, and tankless water-heating products for mainly institutional and commercial buildings. Revenue comes through specification-led sales to wholesalers and distributors, with demand concentrated in North American construction and retrofit activity.
Designs, procures, manufactures, and markets specification-driven water products for institutional and commercial buildings, with smaller exposure to waterworks and residential projects. Water Safety and Control covers backflow preventers, pressure-reducing and fire-system valves; Flow Systems spans drainage and wastewater pretreatment. Hygienic and Environmental adds faucets, flush valves, sinks, hand dryers, and restroom partitions, while Filtered Drinking Water centers on bottle fillers, fountains, dispensers, and filtration. The Intellihot acquisition adds tankless gas and electric water heaters.
Wins placement by getting technically engineered, code-compliant products specified by owners, architects, engineers, and contractors, then serving projects through plumbing wholesalers, independent representatives, and specialist distributors. Sales concentrate in North America, with demand tied mainly to institutional and commercial construction and retrofit activity. Products must satisfy building, plumbing, safety, and water-quality standards before commercialization, and distribution relies on independent sales agencies.
Company facts
Categories
Key statistics
Year to date +2.6% · Average volume (30d) 882.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 31, 2026 | Barclays | Reiterate | Overweight | $59 | $61 |
| Jul 30, 2026 | Robert W. Baird | Target | $53 | $58 | |
| Jul 30, 2026 | Stifel Nicolaus | Target | $56 | $62 | |
| Jul 29, 2026 | Goldman Sachs | Reiterate | Neutral | $50 | $55 |
| Jul 20, 2026 | Stifel Nicolaus | Target | $53 | $56 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.47 | $0.50 | +5.6% | $483.0M | $491.0M | +1.6% | +4.54% |
| Apr 21, 2026Q1 FY26 | $0.37 | $0.41 | +10.8% | $418.9M | $433.0M | +3.4% | +9.47% |
| Feb 3, 2026Q4 FY25 | $0.34 | $0.36 | +5.9% | $400.8M | $407.2M | +1.6% | +10.01% |
| Oct 28, 2025Q3 FY25 | $0.40 | $0.43 | +7.5% | $400.8M | $455.4M | +13.6% | +4.24% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $388.8M | $444.5M | $455.4M | $407.2M | $433.0M | $442.2M | |
| Gross profit | $181.0M | $202.3M | $186.0M | $166.1M | $205.8M | $220.1M | |
| Operating income | $63.4M | $77.6M | $79.3M | $64.6M | $82.1M | $77.1M | |
| Net income | $43.6M | $50.5M | $61.8M | $42.1M | $58.9M | $113.3M | |
| Diluted EPS | $0.25 | $0.30 | $0.36 | $0.24 | $0.35 | $0.67 | |
| Gross margin | 46.6% | 45.5% | 40.8% | 40.8% | 47.5% | 49.8% | |
| Operating margin | 16.3% | 17.5% | 17.4% | 15.9% | 19.0% | 17.4% |
Fiscal years (4-quarter sums)FY21 $910.9M · FY22 $1.28B · FY23 $1.53B · FY24 $1.57B · FY25 $1.70B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $365.0M · Total debt $550.5M · Total assets $2.78B · Shareholders' equity $1.66B
Dividends
Raised for 3 straight years — most recently to $0.11 from $0.09 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 20, 2026 | Aug 20 | Sep 4 | $0.11 | |
| May 20, 2026 | May 20 | Jun 5 | $0.11 | |
| Feb 20, 2026 | Feb 20 | Mar 6 | $0.11 | |
| Nov 20, 2025 | Nov 20 | Dec 5 | $0.11 | raised from $0.09 |
| Aug 20, 2025 | Aug 20 | Sep 5 | $0.09 | |
| May 20, 2025 | May 20 | Jun 6 | $0.09 | |
| Feb 20, 2025 | Feb 20 | Mar 7 | $0.09 | |
| Nov 20, 2024 | Nov 20 | Dec 6 | $0.09 | raised from $0.08 |
Ownership
Shares outstanding 165.86M · Float 147.00M · 88.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 24.57M | 14.81% | 13F | Aug 7, 2026 |
| Aimee Katz | 23.71M | 13.87% | 13D/A | Oct 2, 2024 |
| Ice Mountain LLC | 15.00M | 8.90% | 13G | Feb 19, 2025 |
| Vanguard Portfolio Management LLC | 8.99M | 5.42% | 13F | Aug 13, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 8.89M | 5.36% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Jacques Donavon Butler | director | +2,016 | $49.60 |
| Aug 4, 2026 | Mark W. Peterson | officer: Chief Administrative Officer | −25,000 | $53.02 |
| Feb 17, 2026 | Timothy J. Jahnke | director | −25,000 | $51.18 |
| Feb 17, 2026 | Jeffrey J. LaValle | officer: VP, General Counsel & Sec'y | −447 | $50.86 |
| Feb 17, 2026 | Mark W. Peterson | officer: Chief Administrative Officer | −2,006 | $50.86 |
Peers
- Watts Water Technologies
Closest rival across backflow, flow control, drainage, and commercial washrooms.
- Masco
Delta and hansgrohe brands compete in commercial sinks, drains, and fixtures.
- Fortune Brands Innovations
Moen competes in commercial sinks, faucets, and smart drinking-water solutions.
- Mueller Water Products
Water valve and flow control peer serving primarily municipal utilities.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Zurn Elkay Water Solutions | $48.05 | 0.00% | $7.97B | 29.7 | 24.6 | 4.6 | +10.5% |
| Watts Water Technologies | $366.88 | +0.12% | $12.23B | 32.0 | 27.5 | 4.6 | +18.6% |
| Masco | $73.25 | +0.04% | $14.44B | 16.8 | 16.8 | 1.9 | −2.9% |
| Fortune Brands Innovations | $45.50 | −0.02% | $5.43B | 37.0 | 15.1 | 1.2 | −4.1% |
| Mueller Water Products | $24.38 | +0.04% | $3.81B | 17.3 | 15.4 | 2.6 | +4.1% |
| Median | 24.6 | 16.1 | 2.2 | +0.6% |