Filing Flows › Zurn Elkay Water Solutions (ZWS) › Q2 2026
Zurn Elkay Water Solutions (ZWS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Zurn Elkay Water Solutions (ZWS) reported revenue of $491M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +13% from the quarter before. Operating margin was 31.0%, net earnings $113M (23.1% of revenue).
Zurn Elkay Water Solutions, Q2 2026: revenue $491M (+10% year over year), operating margin 31.0%, net earnings $113M, operating cash flow $162M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $491M | +13% | +10% |
| Gross profit | $288M | +40% | +43% |
| Operating profit | $152M | +86% | +96% |
| Net earnings | $113M | +92% | +124% |
| Operating cash flow | $162M | +252% | +47% |
| Free cash flow | $112M | — | — |
What changed
Revenue was $491.0M in Q2 2026, up 10% year over year and up 13% from the previous quarter.
Gross margin was 58.7%, up 13.2 points from Q2 2025. Operating profit was $152.3M, a 31.0% margin (up 13.6 points year over year). Of the extra revenue versus Q2 2025, 161% reached operating profit, above the 17% margin then. Operating expenses grew 9% against revenue growth of 10%. The fastest-growing cost line was SG&A (+10%). Net earnings were $113.3M, up 124% year over year. The effective tax rate was 24.9%.
Operating cash flow was $162.3M (up 47% year over year), 143% of net earnings. Non-cash charges added back $21.3M of depreciation and amortization and $9.2M of share-based compensation. Working capital and other items added $18.5M. After tariff refunds ($47.6M) and expenditures for property, plant and equipment ($2.9M), free cash flow as the company reports it was $111.8M.
Questions
What was Zurn Elkay Water Solutions' revenue in the second quarter 2026?
Zurn Elkay Water Solutions (ZWS) reported revenue of $491M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +13% from the quarter before.
Was Zurn Elkay Water Solutions profitable in the second quarter 2026?
Operating profit was $152M (31.0% of revenue) and net earnings $113M.