Zurn Elkay Water Solutions Corporation (ZWS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 433M | 407.2M | 455.4M | 444.5M | 388.8M | 370.7M | 410M | 412M | 373.8M | 356.8M | 398.4M | 403.2M | 372.1M | 340.3M | 417.7M | 284.2M | 239.6M | 232.3M | 229.7M | 243.7M |
| Revenue Growth % | 11.37% | 9.85% | 11.07% | 7.89% | 4.01% | 3.9% | 2.91% | 2.18% | 0.46% | 4.85% | -4.62% | 41.87% | 55.3% | 46.49% | 81.85% | 16.62% | 16.76% | -44.83% | -53.46% | -45.74% |
| Cost of Goods Sold | 227.2M | 241.1M | 269.4M | 242.2M | 207.8M | 224.3M | 220.6M | 225.7M | 203.7M | 200.9M | 228.5M | 229.7M | 223.3M | 230.9M | 277.3M | 170.4M | 137.7M | 152.9M | 133.9M | 139.9M |
| COGS % of Revenue | 52.47% | 59.21% | 59.16% | 54.49% | 53.45% | 60.51% | 53.8% | 54.78% | 54.49% | 56.31% | 57.35% | 56.97% | 60.01% | 67.85% | 66.39% | 59.96% | 57.47% | 65.82% | 58.29% | 57.41% |
| Gross Profit | 205.8M | 166.1M | 186M | 202.3M | 181M | 146.4M | 189.4M | 186.3M | 170.1M | 155.9M | 169.9M | 173.5M | 148.8M | 109.4M | 140.4M | 113.8M | 101.9M | 79.4M | 95.8M | 103.8M |
| Gross Margin % | 47.53% | 40.79% | 40.84% | 45.51% | 46.55% | 39.49% | 46.2% | 45.22% | 45.51% | 43.69% | 42.65% | 43.03% | 39.99% | 32.15% | 33.61% | 40.04% | 42.53% | 34.18% | 41.71% | 42.59% |
| Gross Profit Growth % | 13.7% | 13.46% | -1.8% | 8.59% | 6.41% | -6.09% | 11.48% | 7.38% | 14.31% | 42.5% | 21.01% | 52.46% | 46.03% | 37.78% | 46.56% | 9.63% | 15.27% | -43.31% | -50.39% | -41.32% |
| Operating Expenses | 123.7M | 101.5M | 106.7M | 124.7M | 117.6M | 93.3M | 119.2M | 114.4M | 116.9M | 123.1M | 109.8M | 118.7M | 105.1M | 89.6M | 150.5M | 60.3M | 58M | 64.1M | 63.3M | 66.5M |
| OpEx % of Revenue | 28.57% | 24.93% | 23.43% | 28.05% | 30.25% | 25.17% | 29.07% | 27.77% | 31.27% | 34.5% | 27.56% | 29.44% | 28.25% | 26.33% | 36.03% | 21.22% | 24.21% | 27.59% | 27.56% | 27.29% |
| Selling, General & Admin | 108.2M | 101.5M | 106.7M | 108.2M | 101.2M | 93.3M | 101.7M | 98.9M | 95.9M | 93.6M | 92.9M | 96.3M | 88.5M | 72.4M | 124.3M | 58.4M | 53.9M | 64.1M | 56.8M | 60.4M |
| SG&A % of Revenue | 24.99% | 24.93% | 23.43% | 24.34% | 26.03% | 25.17% | 24.8% | 24% | 25.66% | 26.23% | 23.32% | 23.88% | 23.78% | 21.28% | 29.76% | 20.55% | 22.5% | 27.59% | 24.73% | 24.78% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 0 | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K |
| Operating Income | 82.1M | 64.6M | 79.3M | 77.6M | 63.4M | 53.1M | 70.2M | 71.9M | 53.2M | 32.8M | 60.1M | 54.8M | 43.7M | 19.8M | -10.1M | 53.5M | 43.9M | 15.3M | 32.5M | 37.3M |
| Operating Margin % | 18.96% | 15.86% | 17.41% | 17.46% | 16.31% | 14.32% | 17.12% | 17.45% | 14.23% | 9.19% | 15.09% | 13.59% | 11.74% | 5.82% | -2.42% | 18.82% | 18.32% | 6.59% | 14.15% | 15.31% |
| Operating Income Growth % | 29.5% | 21.66% | 12.96% | 7.93% | 19.17% | 61.89% | 16.81% | 31.2% | 21.74% | 65.66% | 695.05% | 2.43% | -0.46% | 29.41% | -131.08% | 43.43% | 82.92% | -47.66% | -55.11% | -43.48% |
| EBITDA | 83.1M | 86.7M | 101.1M | 99.7M | 86.1M | 76.2M | 92.1M | 93.6M | 74.8M | 54.4M | 81.8M | 76.6M | 66.5M | 43.4M | 11.5M | 57.5M | 49.2M | 23.4M | 55.3M | 60.4M |
| EBITDA Margin % | 19.19% | 21.29% | 22.2% | 22.43% | 22.15% | 20.56% | 22.46% | 22.72% | 20.01% | 15.25% | 20.53% | 19% | 17.87% | 12.75% | 2.75% | 20.23% | 20.53% | 10.07% | 24.07% | 24.78% |
| EBITDA Growth % | -3.48% | 13.78% | 9.77% | 6.52% | 15.11% | 40.07% | 12.59% | 22.19% | 12.48% | 25.35% | 611.3% | 33.22% | 35.16% | 85.47% | -79.2% | -4.8% | 3.58% | -52.89% | -41.61% | -31.13% |
| D&A (Non-Cash Add-back) | 0 | 22.1M | 21.8M | 22.1M | 22.7M | 23.1M | 21.9M | 21.7M | 21.6M | 21.6M | 21.7M | 21.8M | 22.8M | 23.6M | 21.6M | 4M | 5.3M | 8.1M | 22.8M | 23.1M |
| EBIT | 83.1M | 59.7M | 86.2M | 75.6M | 63.4M | 49.3M | 68.7M | 70.3M | 51.8M | 30M | 57.6M | 56.4M | 41.3M | 23.1M | -9.5M | 52.9M | 44.2M | -5.9M | 31.7M | 36.9M |
| Net Interest Income | -6.2M | -6.5M | -7.1M | -7.7M | -7.3M | -7.5M | -8.3M | -8.5M | -8.8M | -8.7M | -9.9M | -10.3M | -9.6M | -8.9M | -8M | -5.2M | -4.8M | -5.1M | -9.9M | -10.1M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 6.2M | 6.5M | 7.1M | 7.7M | 7.3M | 7.5M | 8.3M | 8.5M | 8.8M | 8.7M | 9.9M | 10.3M | 9.6M | 8.9M | 8M | 5.2M | 4.8M | 5.1M | 9.9M | 10.1M |
| Other Income/Expense | -5.2M | -11.4M | -200K | -9.7M | -7.3M | -11.3M | -9.8M | -10.1M | -10.2M | -11.5M | -12.4M | -8.7M | -12M | -5.6M | -7.4M | -5.8M | -4.5M | -26.3M | -10.7M | -10.5M |
| Pretax Income | 76.9M | 53.2M | 79.1M | 67.9M | 56.1M | 41.8M | 60.4M | 61.8M | 43M | 21.3M | 47.7M | 46.1M | 31.7M | 14.2M | -17.5M | 47.7M | 39.4M | -11M | 21.8M | 26.8M |
| Pretax Margin % | 17.76% | 13.06% | 17.37% | 15.28% | 14.43% | 11.28% | 14.73% | 15% | 11.5% | 5.97% | 11.97% | 11.43% | 8.52% | 4.17% | -4.19% | 16.78% | 16.44% | -4.74% | 9.49% | 11% |
| Income Tax | 18M | 11.5M | 19.5M | 17.8M | 15.1M | 5.7M | 16.9M | 16.5M | 9M | 7.8M | 12.5M | 13.2M | 9.1M | 3.9M | 1.6M | 11.3M | 10M | -13.9M | 5.7M | 6.2M |
| Effective Tax Rate % | 23.41% | 21.62% | 24.65% | 26.22% | 26.92% | 13.64% | 27.98% | 26.7% | 20.93% | 36.62% | 26.21% | 28.63% | 28.71% | 27.46% | -9.14% | 23.69% | 25.38% | 126.36% | 26.15% | 23.13% |
| Net Income | 58.9M | 42.1M | 61.8M | 50.5M | 43.6M | 36.4M | 43.5M | 46M | 34.3M | 13.9M | 41.4M | 34.6M | 22.8M | 14.2M | -19.1M | 36.4M | 30.2M | 2.9M | 64.1M | 73.2M |
| Net Margin % | 13.6% | 10.34% | 13.57% | 11.36% | 11.21% | 9.82% | 10.61% | 11.16% | 9.18% | 3.9% | 10.39% | 8.58% | 6.13% | 4.17% | -4.57% | 12.81% | 12.6% | 1.25% | 27.91% | 30.04% |
| Net Income Growth % | 35.09% | 15.66% | 42.07% | 9.78% | 27.11% | 161.87% | 5.07% | 32.95% | 50.44% | -2.11% | 316.75% | -4.95% | -24.5% | 389.66% | -129.8% | -50.27% | -39.6% | -93.97% | 41.19% | 105.62% |
| Net Income (Continuing) | 58.9M | 41.7M | 59.6M | 50.1M | 41M | 36.1M | 43.5M | 45.3M | 34M | 13.5M | 35.2M | 32.9M | 22.6M | 10.3M | -19.1M | 36.4M | 29.4M | 2.9M | 16.1M | 20.6M |
| Discontinued Operations | 0 | 400K | 1000K | 400K | 1000K | 300K | 0 | 700K | 300K | 400K | 1000K | 1000K | 200K | 1000K | 0 | 0 | 800K | 0 | 1000K | 1000K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.2M | 3.2M |
| EPS (Diluted) | 0.35 | 0.24 | 0.36 | 0.30 | 0.25 | 0.21 | 0.25 | 0.26 | 0.20 | 0.08 | 0.24 | 0.20 | 0.13 | 0.08 | -0.11 | 0.28 | 0.23 | 0.02 | 0.51 | 0.59 |
| EPS Growth % | 40% | 14.29% | 44% | 15.38% | 25% | 165.82% | 4.17% | 30% | 53.85% | 1.28% | 318.18% | -28.57% | -43.48% | 246.67% | -121.57% | -52.54% | -42.5% | -94.41% | 37.84% | 103.45% |
| EPS (Basic) | 0.35 | 0.25 | 0.37 | 0.30 | 0.26 | 0.21 | 0.26 | 0.27 | 0.20 | 0.08 | 0.24 | 0.20 | 0.13 | 0.08 | -0.11 | 0.29 | 0.23 | 0.02 | 0.53 | 0.61 |
| Diluted Shares Outstanding | 169.68M | 170.3M | 170.27M | 170.08M | 172.19M | 172.86M | 173.03M | 175M | 175.68M | 175.86M | 176.14M | 176.48M | 178.38M | 180.01M | 174.87M | 128.39M | 128.44M | 128.73M | 125.09M | 124.3M |
| Basic Shares Outstanding | 167.7M | 167.72M | 168.13M | 168.48M | 170.35M | 170.58M | 170.55M | 172.63M | 173.01M | 173.12M | 173.28M | 174.26M | 176.42M | 177.94M | 173.64M | 126.42M | 126.28M | 124.28M | 121.39M | 120.47M |
| Dividend Payout Ratio | 31.24% | 43.94% | 24.43% | 29.9% | 34.86% | 42.03% | 31.26% | 30% | 40.52% | 99.28% | 29.23% | 35.26% | 53.95% | 87.32% | - | 10.44% | 12.58% | 131.03% | 17.16% | 14.75% |