Filing Flows › Zurn Elkay Water Solutions (ZWS) › Q1 2026
Zurn Elkay Water Solutions (ZWS) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 21, 2026
Zurn Elkay Water Solutions (ZWS) reported revenue of $433M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +6% from the quarter before. Operating margin was 19.0%, net earnings $58.9M (13.6% of revenue).
Zurn Elkay Water Solutions, Q1 2026: revenue $433M (+11% year over year), operating margin 19.0%, net earnings $58.9M, operating cash flow $46.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $433M | +6% | +11% |
| Gross profit | $206M | +14% | +14% |
| Operating profit | $82.1M | +36% | +29% |
| Net earnings | $58.9M | +40% | +35% |
| Operating cash flow | $46.1M | -50% | +7% |
| Free cash flow | $42.7M | — | +11% |
What changed
Revenue was $433.0M in Q1 2026, up 11% year over year and up 6% from the previous quarter.
Gross margin was 47.5%, up 1.0 points from Q1 2025. Operating profit was $82.1M, a 19.0% margin (up 2.7 points year over year). Of the extra revenue versus Q1 2025, 42% reached operating profit, above the 16% margin then. Operating expenses grew 5% against revenue growth of 11%. Net earnings were $58.9M, up 35% year over year. The effective tax rate was 23.4%.
Operating cash flow was $46.1M (up 7% year over year), 78% of net earnings. Non-cash charges added back $21.0M of depreciation and amortization and $11.7M of share-based compensation. Working capital and other items used $45.5M. After expenditures for property, plant and equipment ($3.4M), free cash flow as the company reports it was $42.7M.
Questions
What was Zurn Elkay Water Solutions' revenue in the first quarter 2026?
Zurn Elkay Water Solutions (ZWS) reported revenue of $433M for the first quarter 2026 (Q1 2026), +11% from a year earlier and +6% from the quarter before.
Was Zurn Elkay Water Solutions profitable in the first quarter 2026?
Operating profit was $82.1M (19.0% of revenue) and net earnings $58.9M.