UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________________________________________ FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to _________________________________________________ ZURN WATER SOLUTIONS CORPORATION (Exact name of registrant as spe ...

Sustainably Inspired | --- | --- | --- | --- | --- | --- | |------------------|-------|-------|-------|-------|-------| | | | | | | | | February 2, 2022 | | | | | | CAUTIONARY STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT Forward-Looking Statements This presentation contains "forward-looking statements" that are subject to Cautionary Statement on Forward-Looking Statements contained in the press release we issued on February 1, 2022 and which is available on our website. The forward-looking s ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________________________________________ FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 the quarter ended September 30, 2021 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ the transition period from to Commission File Number: 001-35475 ZURN WATER SOLUTIONS CORPORATION (Exact name of registrant as specified ...

REXINORD SECOND QUARTER 2021 FINANCIAL RESULTS July 21, 2021 CAUTIONARY STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT Forward-Looking Statements This presentation and discussion contains certain "forward-looking statements" that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on July 20, 2021, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securiti ...

Rexnord Corporation (RXN) Q2 2021 Earnings Conference Call July 21, 2021 8:00 AM ET Company Participants Dave Pauli - Vice President and Corporate Controller Todd Adams - Chairman and Chief Executive Officer Mark Peterson - Senior Vice President and Chief Financial Officer Conference Call Participants Jeff Hammond - KeyBanc Capital Markets Bryan Blair - Oppenheimer Mig Dobre - Baird Emily Shu - Bank of America Joe Ritchie - Goldman Sachs Operator Good morning and welcome to the Rexnord Second Quarter 2021 E ...

Part I [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents Rexnord Corporation's unaudited condensed consolidated financial statements, including balance sheets, operations, and cash flows, as of June 30, 2021 [Condensed Consolidated Financial Statements](index=4&type=section&id=Condensed%20Consolidated%20Financial%20Statements) The company's financial position strengthened, performance improved significantly, and operating cash flow decreased Condensed Consolidated Balance Sheet Highlights (in Millions) | Account | June 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Cash and cash equivalents | $390.7 | $255.6 | | Total current assets | $1,144.9 | $907.7 | | Total assets | $3,602.3 | $3,401.1 | | Total current liabilities | $382.7 | $317.5 | | Long-term debt | $1,189.5 | $1,189.2 | | Total liabilities | $2,014.8 | $1,961.8 | | Total stockholders' equity | $1,587.5 | $1,439.3 | Condensed Consolidated Statement of Operations Highlights (in Millions, except per share data) | Metric | Q2 2021 | Q2 2020 | H1 2021 | H1 2020 | | :--- | :--- | :--- | :--- | :--- | | Net sales | $568.3 | $449.1 | $1,094.4 | $996.1 | | Gross profit | $235.8 | $176.9 | $443.7 | $393.4 | | Income from operations | $103.6 | $66.0 | $182.2 | $154.0 | | Net income attributable to Rexnord | $73.2 | $35.6 | $123.2 | $64.1 | | Diluted EPS | $0.59 | $0.29 | $0.99 | $0.52 | Condensed Consolidated Statement of Cash Flows Highlights (in Millions) | Cash Flow Activity | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | | :--- | :--- | :--- | | Cash provided by operating activities | $145.0 | $171.5 | | Cash used for investing activities | $(4.4) | $(81.7) | | Cash used for financing activities | $(5.6) | $(9.6) | | Increase in cash | $135.1 | $76.4 | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) These notes detail significant corporate events, accounting policies, backlog, tax rates, and legal contingencies - Rexnord agreed to separate its Process & Motion Control (PMC) segment via a **tax-free spin-off** and combine it with Regal Beloit Corporation in a **Reverse Morris Trust (RMT) transaction**, expected to close in the **second half of 2021**[31](index=31&type=chunk) - The company acquired **ATS GREASEwatch** for **$4.5 million** in cash to enhance its Water Management platform's technology offerings on April 16, 2021[36](index=36&type=chunk) - As of June 30, 2021, the company's order backlog was **$435.2 million**, with approximately **83%** expected to be recognized as revenue in the remainder of 2021[60](index=60&type=chunk) Revenue by Business Segment (in Millions) | Segment | Q2 2021 | Q2 2020 | H1 2021 | H1 2020 | | :--- | :--- | :--- | :--- | :--- | | Process & Motion Control | $324.6 | $274.4 | $645.5 | $638.0 | | Water Management | $243.7 | $174.7 | $448.9 | $358.1 | - The company estimates a potential **$59.0 million** liability for asbestos-related claims over the next ten years, largely covered by a corresponding **$59.0 million** receivable from insurance carriers[107](index=107&type=chunk)[109](index=109&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=36&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, liquidity, cash flows, and non-GAAP measures, emphasizing segment growth and the PMC spin-off [Results of Operations](index=38&type=section&id=Results%20of%20Operations) Consolidated net sales and operating income significantly increased, driven by strong demand in Water Management and non-aerospace markets Q2 2021 vs Q2 2020 Net Sales (in Millions) | Segment | Q2 2021 | Q2 2020 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Process & Motion Control | $324.6 | $274.4 | $50.2 | 18.3% | | Water Management | $243.7 | $174.7 | $69.0 | 39.5% | | **Consolidated** | **$568.3** | **$449.1** | **$119.2** | **26.5%** | Q2 2021 vs Q2 2020 Income from Operations (in Millions) | Segment | Q2 2021 | Q2 2020 | Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Process & Motion Control | $66.8 | $39.6 | $27.2 | 68.7% | | Water Management | $52.8 | $40.1 | $12.7 | 31.7% | | **Consolidated** | **$103.6** | **$66.0** | **$37.6** | **57.0%** | - Process & Motion Control core sales increased **16%** in Q2, driven by **21% growth** in non-aerospace markets, partially offset by a **15% decline** in aerospace markets[144](index=144&type=chunk) - Water Management core sales increased **29%** in Q2, driven by increased demand across all product categories[145](index=145&type=chunk) [Non-GAAP Financial Measures](index=42&type=section&id=Non-GAAP%20Financial%20Measures) This section defines and reconciles non-GAAP metrics, including Core Sales and Adjusted EBITDA, used for performance evaluation and debt covenant compliance Reconciliation of Net Income to Adjusted EBITDA (LTM ended June 30, 2021, in Millions) | Metric | Amount | | :--- | :--- | | Net income attributable to Rexnord | $205.8 | | Income tax provision | $56.8 | | Interest expense, net | $45.9 | | Depreciation and amortization | $91.9 | | **EBITDA** | **$396.5** | | Adjustments (Restructuring, Stock Comp, etc.) | $61.5 | | **Adjusted EBITDA** | **$458.0** | | Pro forma adjustment for acquisitions | $3.4 | | **Pro forma Adjusted EBITDA** | **$461.4** | - The company's total net leverage ratio was **1.9 to 1.0** as of June 30, 2021, well below the maximum permitted ratio of **6.75 to 1.0**[174](index=174&type=chunk)[182](index=182&type=chunk) [Liquidity and Capital Resources](index=45&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity is supported by cash, operating cash flow, and credit facilities, with debt commitments secured for the proposed transaction - As of June 30, 2021, the company had **$390.7 million** in cash and cash equivalents and **$255.8 million** in additional borrowing capacity under its credit facility[184](index=184&type=chunk) - Total outstanding indebtedness was **$1,191.9 million** as of June 30, 2021, primarily consisting of a term loan and senior notes[190](index=190&type=chunk) - The company secured **debt commitment letters** for term loans, revolving credit facilities, and a delayed draw term loan facility for the proposed Regal transaction[186](index=186&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=46&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to foreign currency and interest rate risks, managed through operations and derivatives, with no material changes since the last 10-K - The company's market risk exposure, primarily from foreign currency and interest rate changes, has **not materially changed** from its last Form 10-K disclosures[192](index=192&type=chunk) [Controls and Procedures](index=47&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal control over financial reporting - Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were **effective** as of June 30, 2021[195](index=195&type=chunk) - **No changes occurred** in the last fiscal quarter that have **not materially affected** the company's internal control over financial reporting[197](index=197&type=chunk) Part II [Legal Proceedings](index=48&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 14 for details on legal proceedings, including product liability, asbestos claims, and environmental matters - For details on legal proceedings, the report refers to **Note 14**, "Commitments and Contingencies," in the financial statements[200](index=200&type=chunk) [Risk Factors](index=48&type=section&id=Item%201A.%20Risk%20Factors) This section updates risk factors, focusing on new risks related to the planned PMC segment spin-off, including transaction completion, costs, and tax implications - The transaction with Regal is subject to numerous conditions, including approvals, and there is **no assurance it will be completed**[201](index=201&type=chunk) - The company expects to incur **significant one-time costs** related to the transaction, with a potential **$150 million** termination fee payable to Regal[203](index=203&type=chunk) - There is a **significant risk** that the spin-off may **not qualify as tax-free**, potentially resulting in **substantial tax liabilities** for the company and its stockholders[207](index=207&type=chunk)[208](index=208&type=chunk) - The pendency of the transaction could **adversely affect business**, as customers or vendors may delay decisions, and the company faces **restrictions on its business conduct** until closing[205](index=205&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=51&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section discusses the company's stock repurchase program, noting no repurchases in Q2 2021 and the remaining repurchase authority - The company **did not repurchase any** of its common stock during the three months ended June 30, 2021[215](index=215&type=chunk) - As of June 30, 2021, approximately **$162.8 million** of authority remained under the company's stock repurchase program[215](index=215&type=chunk) [Exhibits](index=52&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO/CFO certifications, XBRL data, and the incorporated Credit Agreement - Exhibits filed include **CEO/CFO certifications** (31.1, 31.2, 32.1) and **XBRL data files**[217](index=217&type=chunk) [Signatures](index=53&type=section&id=Signatures) The report is signed on July 20, 2021, by Mark W. Peterson, Senior Vice President and Chief Financial Officer of Rexnord Corporation

Zurn Water Solutions Corporation (NYSE:ZWS) Q4 2021 Earnings Conference Call February 2, 2022 8:00 AM ET Company Participants Dave Pauli - Vice President of Investor Relations Todd Adams - Chairman and Chief Executive Officer Mark Peterson - Senior Vice President and Chief Financial Officer Conference Call Participants Brian Blair - Oppenheimer Jeff Hammond – Keybanc Joe Ritchie - Goldman Sachs Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. T ...

FIRST QUARTER 2021 FINANCIAL RESULTS April 28, 2021 CAUTIONARY STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT Forward-Looking Statements This presentation and discussion contains certain "forward-looking statements" that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on April 27, 2021, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Securities and E ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________________________________________ FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35475 _________________________________________________ REXNORD CORPORATI ...

4Q CY20 DECEMBER QUARTER FINANCIAL RESULTS February 16, 2021 CAUTIONARY STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT Forward-Looking Statements This presentation and discussion contains certain "forward-looking statements" that are subject to the Safe Harbor and Cautionary language contained in the press release we issued on February 16, 2021, as well as other factors that could cause actual results to differ materially from those discussed and that are disclosed in our filings with the Secu ...