Zurn Elkay Water Solutions Corporation reported significant financial growth in its latest quarterly results, with net sales reaching $491.0 million for the three months ended June 30, 2026, a 10.5% increase from $444.5 million in the same period last year. For the first half of 2026, the company achieved net sales of $924.0 million, up 10.9% from $833.3 million in the prior year. The company’s income from operations also saw a substantial rise, increasing to $152.3 million in Q2 2026 from $77.6 million in Q2 2025, marking a 96.3% year-over-year increase. This growth was bolstered by a $47.6 million refund related to IEEPA reciprocal tariffs, which positively impacted the cost of sales.
In terms of profitability, Zurn Elkay reported a net income of $113.3 million for the second quarter of 2026, compared to $50.5 million in the same quarter of 2025. The diluted net income per share rose to $0.67 from $0.29 year-over-year. For the first half of 2026, net income totaled $172.2 million, significantly higher than $94.1 million in the prior year, reflecting the company's strong operational performance and effective cost management strategies.
Strategically, Zurn Elkay has been active in expanding its market presence, recently acquiring Intellihot, Inc. for approximately $108.5 million. This acquisition, finalized on July 21, 2026, is expected to enhance Zurn Elkay's offerings in tankless water heater solutions across various sectors, including healthcare and hospitality. The company also continues to focus on restructuring initiatives aimed at improving operational efficiency and reducing costs, with restructuring charges amounting to $1.8 million in Q2 2026.
Operationally, Zurn Elkay reported a total of 165,864,097 shares outstanding as of July 23, 2026. The company has also been actively repurchasing its shares, with $99.6 million spent on buybacks in the first half of 2026. The company’s cash and cash equivalents increased to $365.0 million as of June 30, 2026, up from $300.5 million at the end of 2025, providing a solid liquidity position to support future growth initiatives.
Looking ahead, Zurn Elkay remains optimistic about its growth trajectory, driven by strong demand for its water management solutions and ongoing operational improvements. The company anticipates continued revenue growth and profitability enhancements, supported by its strategic acquisitions and effective cost management practices.
About Zurn Elkay Water Solutions Corp
Zurn Elkay Water Solutions Corporation designs, manufactures, and markets sustainable water management products, including water safety, flow systems, hygienic fixtures, and filtered drinking water solutions. Serving institutional, commercial, waterworks, and residential markets, it emphasizes innovation, specification-driven solutions, and long-term customer relationships. The company leverages a disciplined operating system, strategic acquisitions, and a broad distribution network to maintain industry leadership in water efficiency, safety, and hygiene.
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