Zurn Elkay Q1 Revenue $433M Beats Expectations
Reports Q1 revenue $433.0M, consensus $419.0M. Todd Adams, CEO, commented, "First quarter core sales(1) grew 11% and adjusted EBITDA grew 18% year over year as adjusted EBITDA margins expanded 160 basis points to 26.8%. We're pleased with the traction we're getting on our targeted growth initiatives as well as the progress we're making on opening new growth adjacencies that will launch later in 2026 and into 2027. We continue to prioritize the relentless deployment of our strategic initiatives paired with world-class operational execution within our business by leveraging the Zurn Elkay Business System. The strength and resilience of our business is something we've cultivated and added to over a long period of time, by being laser focused on building unique, sustainable competitive advantages across our business. The depth and breadth of these advantages lie in our products, supply chain, go-to market alignment, vertical and geographic market focus, and the value that provides to our customers and the industry."