Strong Organic Growth and Improved Margins
Zurn Elkay Water Solutions reported a 5% organic growth and 110 basis points year-over-year improvement in EBITDA margins, indicating strong operational performance.
Share Repurchase and Low Leverage
The company ended the quarter with a leverage ratio below one at 0.9 times and repurchased $77 million worth of shares, demonstrating strong financial health and shareholder return.
Sustainability Achievements
The company was recognized for its sustainability efforts, delivering 600 million gallons of filtered water in Q1, a 33% increase over the prior year.
Supply Chain Resilience
Zurn Elkay has significantly reduced its dependence on China, with plans to have less than 2-3% of COGS from China by the end of 2026, showcasing strategic supply chain management.