Zurn Elkay Water Solutions Corporation (ZWS) Q3 2025 Earnings Call

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Good morning and welcome to the Zern-LK Water Solutions Corporation Third Quarter 2025 Earnings Results Conference Call with Todd Adams, Chairman and Chief Executive Officer, David Pauley, Chief Financial Officer, and Brian Winlandt, Director of FP&A for Zern-LK Water Solutions. A replay of the conference call will be available as a webcast on the company's investor relations website. At this time, for opening remarks and introduction, I'll turn the call over to Brian Winland. Good morning, everyone, and thanks for joining the call today. Before we begin, I'd like to remind everyone that this call contains certain forward-looking statements which are subject to the Safe Harbor language outlined in our press release issued yesterday afternoon and in our filings with the SEC. In addition, some comparisons will refer to non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them, and why we believe they're helpful to investors, and contain reconciliations with corresponding GAAP information. Assistant with prior quarters, we will speak to certain non-GAAP metrics as we feel they provide a better understanding of our operating results. These measures are not a substitute for GAAP. We encourage you to review the GAAP information in our earnings release and in our SEC filings. With that, I'll turn the Todd Adams, Chairman and CEO of Zurn LK Water Solutions. Thanks, Brian, and good morning, everyone. I'll get right to it on page three. In aggregate, we had a decent third quarter. The sales grew 11% organically year over year, and EBITDA grew 16% to $122 million as margins expanded 120 basis points to 26.8%. We leveraged our free cash flow of $94 million in the quarter to repurchase about 600,000 share...