ZWS

Zurn Elkay Water Solutions Corp

Ticker: ZWSIndustrialsIndustrial Machinery
HQ MILWAUKEE, WICIK 1439288FY end 12-31Book / share $9.80Shares 169M
Revenue (FY)
$1.70B+8.26%
TTM $1.79B
Op. margin
16.45%+0.83%
TTM 20.84%
Net income
$198.00M+23.60%
TTM $276.10M
Operating cash
$346.50M+18.06%
TTM $401.40M
Free cash flow
$316.60M+16.53%
TTM $378.50M
Return on equity
12.80%+2.13%
TTM 16.64%
Debt / equity
0.31-0.00%
TTM 0.30
Shares outstanding
171.3M-1.95%
TTM 169.2M

The business

Zurn Elkay Water Solutions Corporation (NYSE: ZWS) is a pure-play water management business that designs, manufactures, and markets specification-driven water management solutions for institutional, commercial, waterworks, and residential applications. The company operates through a comprehensive portfolio of products sold under widely recognized brand names including Zurn, Elkay, Wilkins, Green Turtle, World Dryer, JUST, Hadrian, and Halsey Taylor. The company's website is www.zurnelkay.com.

The business encompasses four primary product categories. Drinking water products include filtered water dispensers, bottle filling stations, water fountains, and faucets certified to reduce contaminants including lead, microplastics, and PFAS chemicals. Water safety and control products comprise valves and distribution control devices such as backflow preventers, fire system valves, pressure reducing valves, and thermostatic mixing valves. Flow systems products manage stormwater and wastewater through point drains, hydrants, fixture carrier systems, linear drainage systems, and wastewater pre-treatment equipment including oil and grease interceptors. Hygienic and environmental products feature sensor-operated flush valves, commercial faucets, water-conserving fixtures, stainless steel sinks, and restroom partition systems.

Zurn Elkay operates 21 principal manufacturing and warehouse facilities primarily in North America and employs approximately 2,600 people, with roughly 2,000 based in the United States. The company distributes products through approximately 1,000 independent sales representatives across 120 sales agencies in North America and maintains a network of regional distribution centers and third-party warehouses. The company's largest customer represented 18 percent of consolidated net sales in 2025, with the top five customers accounting for approximately 38 percent of total sales.

The company's current structure reflects significant corporate evolution. In October 2021, Zurn completed a reverse Morris Trust spin-off transaction divesting its Process and Motion Control business to Regal Rexnord Corporation. Subsequently, in July 2022, Zurn Water Solutions Corporation merged with Elkay Manufacturing Company, creating the combined entity Zurn Elkay Water Solutions Corporation. The company operates according to the Zurn Elkay Business System, a continuous improvement operating philosophy emphasizing customer satisfaction, strategy deployment, and world-class performance across all business functions.

Sector
Industrials
Industry
Industrial Machinery
HQ
MILWAUKEE, WI
FY end
12-31
CIK
1439288
SIC
3560
Financial performance · annual
20142025
$-208.20M$416.40M$1.04B$1.67B$2.29B2014201520162017201820192020202020212022202320242025TTMTTMTTM

Ownership

Who holds Zurn Elkay Water Solutions Corp — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

408
funds hold it
0 of 35
superinvestors hold it
$3.70B
fund-held value
44.4%
of shares held by funds

Top fund holders

Fund% of fundValue
iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.41%$452.60M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$254.52M
iShares Russell 2000 ETF
IWM · iShares Trust
0.24%$196.23M
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.10%$183.74M
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.17%$116.37M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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