ZWS

EX-99.1

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EX-99.1

Document

Exhibit 99.1

Zurn Elkay Water Solutions Announces Executive Promotions

MILWAUKEE, May 27, 2026—Zurn Elkay Water Solutions Corporation (NYSE: ZWS) announced today the promotion of Dave Pauli, 44, to the position of Chief Operating Officer (COO), reporting to Todd A. Adams, Chairman and CEO. Pauli will oversee all of the company’s operations, supply chain management and information technology, focusing on operational excellence and executing the company’s strategic plan initiatives.

Dan Klun, 51, is being promoted to the role of Chief Financial Officer (CFO), also reporting to Adams. Klun will oversee all aspects of Zurn Elkay’s financial operations effective immediately, including financial planning and analysis, treasury, financial reporting, tax, internal audit and investor relations. He joined the company in 2005 and has served in various roles of increasing responsibility, most recently as Vice President – Finance since 2017 and prior to that as Vice President – Corporate Controller. Klun brings nearly 30 years of financial and accounting experience with public companies and started his career in public accounting.

“We’re thrilled to announce the promotion of two highly accomplished senior executives who will continue to drive our results in both the near and long term,” said Todd A. Adams, Chairman and CEO. We’ve built an organization and culture that prioritizes focus, development and succession — strengths that have helped us more than double sales over the past five years while achieving record levels of profitability and cash flow.

“As we look ahead, guided by the Zurn Elkay Business System (ZEBS), we are positioned to build on our strong track record of growth, performance, and continuity — driven by the organizational structure we’re announcing today. Continuing to guide these efforts is our company President, Jeff Schoon, 43, who joined the company in 2010 and will continue to report to me. These moves position Jeff to invest more time on our growth initiatives and strategic priorities of growing our served markets, while building on Dave’s financial and operational experience to further leverage his leadership capabilities across the organization. Finally, having worked with Dan for more than 25 years, I’m excited and confident in his readiness to serve as CFO. He knows our business extraordinarily well.”

Pauli joined Zurn Elkay in 2012 as Assistant Corporate Controller, later adding responsibility for financial planning and analysis (FP&A). He went on to serve as a divisional Vice President – Finance before being named Corporate Controller in 2016 and Chief Financial Officer in 2024.

Second-Quarter Results

“Our second quarter results are tracking very much in-line with one month left to go, and we look forward to discussing our second quarter results and second half outlook in late July," said Adams.

About Zurn Elkay Water Solutions

Named one of America’s Most Responsible Companies and one of America’s Greenest Companies by Newsweek and one of the World’s Best Companies for Sustainable Growth by TIME, Zurn Elkay Water Solutions is headquartered in Milwaukee, Wisconsin, and is a growth-oriented, pure-play water management business that designs, procures, manufactures and markets what we believe to be the broadest sustainable product portfolio of specification-driven water management solutions to improve health, hydration, human safety and the environment. The Zurn Elkay product portfolio includes professional grade water safety and control products, flow systems products, hygienic and environmental products and filtered drinking water products for public and private spaces. Learn more at zurnelkay.com.

Cautionary Statement on Forward-Looking Statements

Information in this release may involve outlook, expectations, beliefs, plans, intentions, strategies or other statements regarding the future, which are forward-looking statements. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based on information available to Zurn Elkay Water Solutions as of the date of this release, and Zurn Elkay Water Solutions assumes no obligation to update any such forward-looking statements. The statements in this release are not guarantees of future performance, and actual results could differ materially from current expectations. Numerous factors could cause or contribute to such differences. Please refer to “Risk Factors” and “Cautionary Notice Regarding Forward-Looking Statements” in our report on Form 10-K for the period ended December 31, 2025, as well as the Company’s subsequent annual, quarterly and current reports filed on Forms 10-K, 10-Q and 8-K from time to time with the Securities and Exchange Commission for a further discussion of the factors and risks associated with the business.

Media Contact:

Angela Hersil, VP – Marketing & Communications and Sustainab

EX-99.1

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EX-99.1

Document

Exhibit 99.1

Press Release

April 21, 2026Contact Information:

For Immediate ReleaseDave Pauli

Chief Financial Officer

414.223.7770

Zurn Elkay Water Solutions Reports First Quarter 2026 Financial Results

Investor call scheduled for Wednesday, April 22, 2026 at 8:30 a.m. Eastern Time

MILWAUKEE, WI (USA) - Zurn Elkay Water Solutions Corporation (NYSE:ZWS)

First Quarter Highlights

•Net sales in the quarter were $433 million compared with $389 million in last year’s March quarter (+11% core sales(1)).

•Net income from continuing operations was $59 million (diluted EPS from continuing operations of $0.35) compared with net income from continuing operations of $41 million (diluted EPS from continuing operations of $0.24) in the year-ago quarter.

•Adjusted EPS(1) was $0.41 compared with $0.31 in the year-ago quarter.

•Adjusted EBITDA(1) was $116 million (26.8% of net sales) compared with $98 million (25.2% of net sales) in last year's first quarter.

•Net debt leverage(1) of 0.5x as of March 31, 2026.

•Increased revolver capacity from $200 million to $550 million.

•Deployed $50 million to repurchase 1.0 million shares of common stock in the quarter.

Todd A. Adams, Chairman and Chief Executive Officer, commented, “First quarter core sales(1) grew 11% and adjusted EBITDA(1) grew 18% year over year as adjusted EBITDA margins(1) expanded 160 basis points to 26.8%. We’re pleased with the traction we’re getting on our targeted growth initiatives as well as the progress we’re making on opening new growth adjacencies that will launch later in 2026 and into 2027.”

“We continue to prioritize the relentless deployment of our strategic initiatives paired with world-class operational execution within our business by leveraging the Zurn Elkay Business System. The strength and resilience of our business is something we’ve cultivated and added to over a long period of time, by being laser focused on building unique, sustainable competitive advantages across our business. The depth and breadth of these advantages lie in our products, supply chain, go-to market alignment, vertical and geographic market focus, and the value that provides to our customers and the industry.”

Adams continued, “In February we issued our 2025 Sustainability report, which highlights our continued progress in strengthening environmental stewardship across our operations and providing additional solutions to help our customers meet their sustainability goals. As the world increasingly faces water conservation and contamination issues, our role as a leader in water management is to meet those challenges with practical, innovative solutions that set new standards for water efficiency, safety and quality.”

Outlook

“Our outlook for the second quarter and full year is based on the assumption that the current tariff structure in place as of today (April 21, 2026) remains in place throughout 2026. We expect second quarter core sales(1) to grow by 8% to 9% compared to last year's second quarter and adjusted EBITDA margins(1) to be between 27.0% to 27.5%. At present, we see the potential for upside beyond our Q1 actuals and Q2 guidance to the full year 2026 outlook we provided last quarter, and our plan is to revisit the second half of 2026 outlook as we announce Q2 results.”

First Quarter 2026 Overview

Net sales were $433.0 million and $388.8 million during the three months ended March 31, 2026 and March 31, 2025, respectively, an increase of 11% year over year. Core sales(1) improved 11% year over year, including growth in nearly all product categories.

During the three months ended March 31, 2026, income from operations was $82.1 million compared to $63.4 million during the three months ended March 31, 2025. Income from operations as a percentage of net sales increased by 270 basis points year over year as a result of the favorable impact of year-over-year sales growth (inclusive of price realization) and Zurn Elkay Business System led productivity initiatives.

Adjusted EBITDA(1) was $116.0 million, or 26.8% of net sales, during the three months ended March 31, 2026 compared to $98.0 million, or 25.2% of net sales, during the three months ended March 31, 2025.

(1)    Refer to "Non-GAAP Financial Measures" for a definition of this non-GAAP metric, as well as the accompanying reconciliations to GAAP.

Non-GAAP Financial Measures

The following non-GAAP financial measures are utilized by management in comparing our operating performance on a consistent basis. We believe that these financial measures are appropriate to enhance an overall understanding of our underlying operating performance trends compared to historical and prospective periods and our peers. Management also believes that these measures are useful to investors in their analysis of our results of operations and provide improved comparability between fiscal periods as well as insight into the compliance with our debt cove

zws-202602030001439288false00014392882026-02-032026-02-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of Earliest Event Reported): February 3, 2026

ZURN ELKAY WATER SOLUTIONS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware001-3547520-5197013 (State or Other Jurisdiction of Incorporation or Organization)(Commission File Number)(I.R.S. Employer Identification No.)

511 W. Freshwater Way 53204 Milwaukee,Wisconsin (Address of Principal Executive Offices)(Zip Code)

(855) 480-5050 (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of Each ClassTrading Symbol(s)Name of Each Exchange on Which Registered Common Stock $.01 par valueZWSThe New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02     Results of Operations and Financial Condition. Zurn Elkay Water Solutions Corporation (the "Company") is filing this Current Report on Form 8-K to furnish its earnings release dated February 3, 2026, regarding its financial results for the quarter ended December 31, 2025, which is furnished herewith as Exhibit 99.1.

The information in this Item, including Exhibit 99.1, is “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liability of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing.

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Item  9.01    Financial Statements and Exhibits.

Exhibit  No.Description

99.1Earnings Release, dated February 3, 2026*

104Cover Page Inline XBRL data embedded within the Inline XBRL document

* This exhibit is furnished pursuant to Item 2.02 and shall not be deemed to be “filed.”

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Zurn Elkay Water Solutions Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized this 3rd day of February, 2026.

ZURN ELKAY WATER SOLUTIONS CORPORATION

By:/S/    DAVID J. PAULI

David J. Pauli Chief Financial Officer

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