Zurn Elkay Water Solutions Corporation · NYSE:ZWS

Zurn Elkay Water Solutions — Q1 2026 Earnings Presentation

9 slides from Zurn Elkay Water Solutions's earnings presentation, Apr 22, 2026

  1. Slide 1: First Quarter 2026 Financial Results

    First Quarter 2026 Financial A a Results ag fl Zz April 22, 2026 cf Z 6 ‘

  2. 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

  3. Slide 3: Zurn Elkay Performance Update

    Zurn Elkay Performance Update Strategic Developments v v v Share repurchases of $50M (1.0M shares) Increased revolver capacity from $200M to $550M Published our 2025 sustainability report EARNINGS 1) Non-GAAP measure define 4, and discussed in the earning 1Q Results v v v v v Core sales“? +11% YoY A

  4. Slide 4: Q1 2026 Results

    Q1 2026 Results Consolidated Results $ in millions 1Q 2026 1Q2025 Change Net Sales $433 $389 11% Growth from: Core 11% Adjusted EBITDA $116 $98 18% a % of Sales 26.8% 25.2% +160 bps tml HI

  5. Slide 5: Leverage and Debt

    Leverage and Debt Net Debt Leverage Ratio“ Total Debt ($ millions) 1.5x $750 1x 1.0x $500 496 497 499 0.8x 09 05x 0.5x $250 0.4x 0.0x $0 Dec-23 Dec-24 Dec-25 Mar-25 Mar-26 Dec-23 Dec-24—Dec-25 Mar-25 Mar-26 Q1 2026 ZWS EARNINGS Net Debt Leverage is defined asthe ratio of total debt less cash to prof

  6. Slide 6:  2%  50% 50%     98%  8% 12% 50%

     2%  50% 50%     98%  8% 12% 50% 30% 6

  7. Slide 7: Continued Adjusted EBITDA Margin Expansion

    Continued Adjusted EBITDA Margin “? Expansion Trailing 12-month Adjusted EBITDA Margin vY Zurn Elkay Business System a v Associate led #Cl submissions 25% v Supply Chain Positioning i v Positive mix shift 22% Y Continued 80/20 focus a v Structural changes post 19% Ql Q@2 @3 Q4 Qi Q2 Q3 Q4 QI Q2 @3 4

  8. Slide 8: Q2 2026 Outlook

    Q2 2026 Outlook Core sales growth of 8% to 9%) Adjusted EBITDA margins” of 27.0% to 27.5% BELOW THE LINE ASSUMPTIONS Interest expense of -$7 million Stock compensation expense of ~$10 million Depreciation & amortization of ~$22 million Adjusted tax rate ~26.0% - 27.0% Diluted shares outstanding of -

  9. Slide 9: Thank You

    Thank You

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