Zurn Elkay Water Solutions reported second quarter 2026 net sales of $491 million, a 10% increase in core sales compared to $445 million in the prior year. Net income from continuing operations rose to $113 million, or $0.67 diluted EPS, from $50 million, or $0.29 diluted EPS, previously. Adjusted EBITDA reached $136 million with a 27.7% margin, up from $118 million and 26.5% in the year-ago quarter. The company received $48 million in cash refunds related to IEEPA reciprocal tariffs. Management raised its full-year outlook, expecting adjusted EBITDA between $503 million and $513 million and full-year free cash flow of at least $350 million. The firm completed the acquisition of Intellihot and deployed $50 million to repurchase 1.0 million shares in the quarter. Zurn Elkay Water Solutions is a water management company that designs, manufactures, and markets specification-driven water management solutions.

Zurn Elkay Water Solutions Corporation entered into a definitive agreement to acquire Intellihot, Inc., a provider of tankless water heater solutions for healthcare, education, hospitality, and commercial markets. Intellihot's net sales are projected to be approximately $37 million in 2026. The transaction is expected to close early in the third quarter of 2026. Additionally, the company previewed its second-quarter results, indicating performance ahead of previous outlook ranges, with a detailed earnings call scheduled for July 29, 2026. Zurn Elkay Water Solutions is a water management company that designs, manufactures, and markets sustainable water management solutions.