Filing Flows › Zurn Elkay Water Solutions (ZWS) › Q2 2025
Zurn Elkay Water Solutions (ZWS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Zurn Elkay Water Solutions (ZWS) reported revenue of $444M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +14% from the quarter before. Operating margin was 17.5%, net earnings $50.5M (11.4% of revenue).
Zurn Elkay Water Solutions, Q2 2025: revenue $444M (+8% year over year), operating margin 17.5%, net earnings $50.5M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $444M | +14% | +8% |
| Gross profit | $202M | +12% | +9% |
| Operating profit | $77.6M | +22% | +8% |
| Net earnings | $50.5M | +16% | +10% |
| Operating cash flow | $111M | +158% | +30% |
| Free cash flow | $102M | — | +27% |
What changed
Revenue was $444.5M in Q2 2025, up 8% year over year and up 14% from the previous quarter.
Gross margin was 45.5%, up 0.3 points from a year earlier. Operating profit was $77.6M, a 17.5% margin (unchanged year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, above the 17% margin then. Operating expenses grew 9% against revenue growth of 8%. Net earnings were $50.5M, up 10% year over year. The effective tax rate was 26.1%.
Operating cash flow was $110.6M (up 30% year over year), 219% of net earnings. Non-cash charges added back $22.1M of depreciation and amortization and $9.0M of share-based compensation. Working capital and other items added $29.0M. After expenditures for property, plant and equipment ($9.0M), free cash flow as the company reports it was $101.6M.
Questions
What was Zurn Elkay Water Solutions' revenue in the second quarter 2025?
Zurn Elkay Water Solutions (ZWS) reported revenue of $444M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +14% from the quarter before.
Was Zurn Elkay Water Solutions profitable in the second quarter 2025?
Operating profit was $77.6M (17.5% of revenue) and net earnings $50.5M.