Zurn Elkay Water Solutions Corp income statement
In fiscal 2025, Zurn Elkay Water Solutions Corp reported revenue of $1.70bn, up 8.3% on the year before, operating income of $279m (a 16.4% margin) and net income of $198m, or $1.15 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Mar 2010 | 2011Mar 2011 | 2012Mar 2012 | 2013Mar 2013 | 2014Mar 2014 | 2015Mar 2015 | 2016Mar 2016 | 2017Mar 2017 | 2018Mar 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,510 | 1,675 | 1,944 | 1,944 | 2,034 | 2,050 | 1,924 | 1,713 | 1,852 | 710 | 563 | 911 | 1,282 | 1,531 | 1,567 | 1,696 | 1,826 |
| Cost of revenue | 994 | 1,082 | 1,254 | 1,227 | 1,281 | 1,304 | 1,259 | 1,086 | 1,145 | — | 408 | 538 | 816 | 882 | 860 | 931 | 906 |
| Gross profit | 516 | 593 | 690 | 717 | 753 | 746 | 665 | 626 | 707 | — | 338 | 373 | 466 | 648 | 707 | 765 | 921 |
| Research and development | — | 12 | 15 | 14 | 13 | 13 | 12 | 10 | 13 | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 298 | 327 | 387 | 398 | 419 | 415 | 386 | 356 | 394 | — | 206 | 239 | 309 | 371 | 390 | 418 | 450 |
| Operating income | 161 | 217 | 245 | 243 | 272 | 204 | 174 | 203 | 266 | — | 108 | 107 | 107 | 191 | 245 | 279 | 403 |
| Interest expense | 194 | 181 | 176 | 153 | 109 | 88 | 91 | 88 | 75 | — | 46 | 35 | 27 | 39 | 33 | 29 | 25 |
| Income before tax | 119 | −63 | 45 | 63 | 15 | 109 | 86 | 82 | 57 | — | 38 | 52 | 84 | 147 | 207 | 256 | 383 |
| Income tax | 31 | −10 | 9 | 15 | −10 | 17 | 17 | 16 | −20 | — | 10 | 3 | 27 | 43 | 48 | 64 | 94 |
| Net income | 88 | −51 | 30 | 50 | 30 | 84 | 68 | 74 | 76 | — | 147 | 121 | 62 | 113 | 160 | 198 | 291 |
| Diluted EPS | $1.27 | −$0.77 | $0.42 | $0.50 | $0.30 | $0.80 | $0.66 | $0.64 | $0.62 | — | $1.19 | $0.97 | $0.40 | $0.64 | $0.92 | $1.15 | $1.71 |
| Diluted shares (average) | 69m | 67m | 72m | 100m | 101m | 105m | 103m | 105m | 122m | — | 123m | 125m | 154m | 177m | 175m | 171m | 170m |
| EBITDA | 221 | 323 | 359 | 354 | 379 | 316 | 290 | 299 | 346 | — | 161 | 151 | 128 | 221 | 274 | 309 | 430 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 371 | 389 | 445 | 455 | 407 | 433 | 491 | 495 |
| Cost of revenue | 210 | 208 | 242 | 255 | 226 | 227 | 203 | 249 |
| Gross profit | 161 | 181 | 202 | 201 | 181 | 206 | 288 | 246 |
| Selling, general and administrative | 93 | 101 | 108 | 107 | 102 | 108 | 120 | 121 |
| Operating income | 49 | 63 | 78 | 78 | 60 | 82 | 152 | 108 |
| Interest expense | 8 | 7 | 8 | 7 | 7 | 6 | 6 | 6 |
| Income before tax | 42 | 56 | 68 | 79 | 53 | 77 | 150 | 103 |
| Income tax | 6 | 15 | 18 | 20 | 12 | 18 | 38 | 27 |
| Net income | 36 | 44 | 51 | 62 | 42 | 59 | 113 | 76 |
| Diluted EPS | $0.21 | $0.26 | $0.29 | $0.36 | $0.24 | $0.35 | $0.67 | $0.45 |
| EBITDA | 58 | 71 | 85 | 85 | 68 | 89 | 159 | 115 |
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