Zurn Elkay Water Solutions Corporation · NYSE:ZWS
Zurn Elkay Water Solutions — Q4 2025 Earnings Presentation
9 slides from Zurn Elkay Water Solutions's earnings presentation, Feb 4, 2026
Slide 1: Fourth Quarter 2025 Financial Results
Fourth Quarter 2025 Financial Results February 4, 2026
Slide 2: Cautionary Statement Under The Private Securities Litigation Reform Act
Cautionary Statement Under The Private Securities Litigation Reform Act Forward-Looking Statements This presentation includes "forward-looking statements” within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include statements we make con
Slide 3: Zurn Elkay Performance Update
Zurn Elkay Performance Update Strategic Developments 4Q Results ¥ Core sales® +10% YoY v Adjusted EBITDA margin™ of 25.6% ... up +100 bps YoY v¥ FCF of $83M in the quarter v Share repurchases of $160M (4.4M shares, ~3% of outstanding shares) Sustainability report to be issued TEHRSSTUEINY CY 2025 Re
Slide 4: Q4 & CY 2025 Results
Q4 & CY 2025 Results Fourth $ in millions 4Q 2025 4Q@2024 Change Net Sales $407 $371 10% Growth from: Core © 10% Adjusted EBITDA” $104 $91 14% % of Sales 25.6% 24.6% +100 bps 4 2025 ZWS EARNIN inthe inclu CY 2025 $ in millions cy 2025 CY2024 Change Net Sales $1,696 $1,567 8% Growth from: Core ® 8% A
Slide 5: Leverage and Free Cash Flow
Leverage and Free Cash Flow Net Debt Leverage Ratio™ Free Cash Flow® ($ millions) 1.5x 14x $300 317 Lax : 272 1.0x 225 0.9x 255 0.8x 0.7x $150 0.6x 0.5x )0.4x $75 0.0x $0 Dec-22 Dec-23 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Dec-22 Dec-23 Dec-24 Dec-25 Q4 2025 ZWS EARNINGS crm 8 led wth the Secures and E
Slide 6: 2025 Zurn Elkay Sustainability Report
2025 Zurn Elkay Sustainability Report Current Report Enhancement: v New “Innovation in Sustainability” section to highlight new product launches with sustainable attributes v 3 years of data in the Performance Index < Continued reporting on IFRS (incorporating TCFD), GRI, SASB Vv More than 20 extern
Slide 7: Continuous Improvement
Continuous Improvement #CI Submissions by Associates Adjusted EBITDA Margin® % =| ‘- 2022 2023 2024 2025 2026 2022 2023 2024 2025 26.1% 24.9% zurn: elkay
Slide 8: Zurn Elkay Guidance Framework
Zurn Elkay Guidance Framework 2026 Framework Q1 2026 Framework Core sales growth +MSD * Core sales growth of +7% to +8% @ Institutional market +LSD @ Waterworks market +LSD + Incremental adjusted EBITDA margins @ Commercial market flat approximately 35% 2 Residential market down -LSD : . ¢ Below the
Slide 9: Thank You
Thank You
Zurn Elkay Water Solutions — Q4 2025 Earnings Presentation on 6ix