Filing Flows › Zurn Elkay Water Solutions (ZWS) › Q1 2025
Zurn Elkay Water Solutions (ZWS) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 22, 2025
Zurn Elkay Water Solutions (ZWS) reported revenue of $389M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +5% from the quarter before. Operating margin was 16.3%, net earnings $43.6M (11.2% of revenue).
Zurn Elkay Water Solutions, Q1 2025: revenue $389M (+4% year over year), operating margin 16.3%, net earnings $43.6M, operating cash flow $42.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $389M | +5% | +4% |
| Gross profit | $181M | +12% | +6% |
| Operating profit | $63.4M | +29% | +19% |
| Net earnings | $43.6M | +20% | +27% |
| Operating cash flow | $42.9M | -33% | -20% |
| Free cash flow | $38.6M | — | -23% |
What changed
Revenue was $388.8M in Q1 2025, up 4% year over year and up 5% from the previous quarter.
Gross margin was 46.6%, up 1.0 points from a year earlier. Operating profit was $63.4M, a 16.3% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 68% reached operating profit, above the 14% margin then. Operating expenses grew 1% against revenue growth of 4%. Net earnings were $43.6M, up 27% year over year. The effective tax rate was 25.7%.
Operating cash flow was $42.9M (down 20% year over year), 98% of net earnings. Non-cash charges added back $22.7M of depreciation and amortization and $10.5M of share-based compensation. Working capital and other items used $33.9M. After expenditures for property, plant and equipment ($4.3M), free cash flow as the company reports it was $38.6M.
Questions
What was Zurn Elkay Water Solutions' revenue in the first quarter 2025?
Zurn Elkay Water Solutions (ZWS) reported revenue of $389M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +5% from the quarter before.
Was Zurn Elkay Water Solutions profitable in the first quarter 2025?
Operating profit was $63.4M (16.3% of revenue) and net earnings $43.6M.