Zurn Elkay Water Solutions' Q1 sales beat estimates

Zurn Elkay Water Solutions

21/04/2026 21:14

Overview

US water management solutions provider's Q1 sales rose 11% yr/yr, beating analyst expectations

Adjusted EPS for Q1 increased to $0.41 from $0.31 last yr

Company repurchased $50 mln worth of shares in Q1

Outlook

Company expects Q2 core sales to grow 8% to 9% year over year

Company sees Q2 adjusted EBITDA margins between 27.0% and 27.5%

Result Drivers

CORE SALES GROWTH - 11% yr/yr core sales increase driven by growth in nearly all product categories

PRICE REALIZATION & PRODUCTIVITY - Higher income from operations and margin expansion attributed to sales growth (inclusive of price realization) and productivity initiatives under the Zurn Elkay Business System

STRATEGIC INITIATIVES - Progress on targeted growth initiatives and opening new growth adjacencies supported results

Company press release: ID:nBwc4vxxBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$433 mln
$419.08 mln (9 Analysts)
Q1 Net Income
$58.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction supplies & fixtures peer group is "buy"

Wall Street's median 12-month price target for Zurn Elkay Water Solutions Corp is $53.22, about 11.4% above its April 20 closing price of $47.78

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 28 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)