Zurn Elkay Water Solutions Corporation · NYSE:ZWS
Zurn Elkay Water Solutions — Q2 2026 Earnings Presentation
10 slides from Zurn Elkay Water Solutions's earnings presentation, Jul 29, 2026
Slide 1: Second Quarter 2026 Financial Results
Second Quarter 2026 Financial WP Results Aan fle Z July 29, 2026 W
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 v v Share repurchases of $50M (1.0M shares) Acquisition of Intellihot in July 2Q Results v v v v v Core sales“ +10% YoY Adjusted EBITDA® increased +15% YoY Adjusted EBITDA™ margin of 27.7% ... up +120 bps YoY Received $48M of IEEPA reciprocal tari
Slide 4: Q2 2026 Results
Q2 2026 Results Consolidated Results $ in millions 2Q2026 2Q2025 Change Net Sales $491 $445 10% Growth from: Core © 10% Adjusted EBITDA @ $136 $18 15% a % of Sales 277% 26.5% +120 bps NT AT HI
Slide 5: Leverage and Debt
Leverage and Debt Net Debt Leverage Ratio“ Total Debt ($ millions) 15x $750 1x 1.0x $500 496 497 499 0.8x O7, 0.5x $250 0.4x 0.3x 0.0x $0 Dec-23 Dec-24 Dec-25 Jun-25 Jun-26 Dec-23 Dec-24—Dec-25 Jun-25 — Jun-26
Slide 6: Entering High Efficiency Water Heating Market
Entering High Efficiency Water Heating Market Adjacent hot water heating adds $1.1B (Tankless is ~$0.2B today) addressable market Long term Zurn Elkay cultivation Technology disruptor ... industry leading energy efficiency and cost savings Growing market with long term regulatory tailwinds Innovator
Slide 7: Continuous Improvement & Operational Excellence
Continuous Improvement & Operational Excellence Trailing 12-month Adjusted EBITDA Margin © 28% PURPOSE Les 27% PEOPLE 26% 25% #CI Submissions by Associates 24% 7,000 23% 6,000 22% 5,000 4,000 21% 3,000 20% 2,000 19% woe m7 Ql Q2 Q3 G4 QI Q2 Q3 A4 QI Q2 Q3 G4 QI Q2 2022 2023 2024 2025 2023 2024 2025
Slide 8: Drinking Water Strategic Update
Drinking Water Strategic Update Product Innovation Focus on Filtered * Pro Filtration launched July 2025 * Gaining specifications Initiatives focused on unfiltered to filtered conversion Increasing % of filtered units sold: * Clear competitive advantages * 2023: -50% filtered * Customer needs addres
Slide 9: Zurn Elkay Outlook
Zurn Elkay Outlook Q3 2026 Outlook 2026 Outlook * Q4: MSD® core sales growth” * Core sales growth® of 6% - 7% * Intellihot H2 sales of ~$16 million © AG) INET ELIDA Ma LES| LS clea ete] EES") + Adjusted EBITDA® of $503-513 million® + Below the line assumptions: * Free cash flow” of -$350 million® (e
Slide 10: Thank You
Thank You
Zurn Elkay Water Solutions — Q2 2026 Earnings Presentation on 6ix