- Zurn Elkay Water Solutions (ZWS, Financial) reports Q1 2025 net sales growth of 4% year-over-year, reaching $389 million.
- Adjusted EBITDA margins improved to 25.2% of net sales, up from 24.1% in Q1 2024.
- The company spent $77 million repurchasing 2.3 million shares in Q1 2025.
Zurn Elkay Water Solutions Corporation (ZWS) has announced its financial results for the first quarter of 2025, showing a 4% year-over-year increase in net sales to $389 million. Core sales grew by 5%, with a 1% reduction due to foreign currency exchange rates.
Net income from continuing operations was reported at $41 million, translating to a diluted EPS of $0.24, compared to $34 million and $0.19 EPS in the same period last year. Adjusted EPS increased slightly to $0.31 from $0.29. Adjusted EBITDA also saw a rise to $98 million, representing 25.2% of net sales, up from 24.1% in the previous year.
During the quarter, Zurn Elkay invested $77 million to repurchase 2.3 million shares of common stock, demonstrating a strong commitment to returning capital to shareholders. The company's net debt leverage stood at 0.9x as of March 31, 2025.
Looking ahead, Zurn Elkay expects core sales growth in the low to mid-single digits for Q2 2025, with an anticipated adjusted EBITDA margin between 25.5% and 26.0%. The company remains focused on managing uncertainties in the trade environment, leveraging its business system to optimize supply chain operations.
In addition to financial performance, Zurn Elkay is celebrating its 125th anniversary with a continued commitment to sustainable practices and community engagement, as highlighted in its recently issued 2024 Sustainability Report.
