Elkay Pro Filtration

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Zurn Elkay Water Solutions (ZWS) - 2025 Q2 - Earnings Call Presentation
2025-07-30 12:30
Financial Performance - Second quarter net sales increased by 8% year-over-year, reaching $445 million compared to $412 million in 2024[6] - Core sales also grew by 8% year-over-year in the second quarter[6] - Adjusted EBITDA for the second quarter increased by 13% year-over-year, reaching $118 million compared to $104 million in 2024, with a margin of 26.5%, up 120 bps[6] - First half net sales increased by 6% year-over-year, reaching $833 million compared to $786 million in 2024[6] - First half Adjusted EBITDA increased by 11% year-over-year, reaching $216 million compared to $194 million in 2024, with a margin of 25.9%, up 120 bps[6] - The company expects full year 2025 Adjusted EBITDA to be between $420 million and $430 million[26] - The company expects full year 2025 Free Cash Flow to be $300 million[26] Strategic Initiatives - The company launched Elkay Pro Filtration[5] - The company repurchased $33 million of shares in Q2, representing approximately 1 million shares, and $110 million in H1, representing approximately 3.2 million shares[5] - The company is navigating the tariff environment effectively[5] - The company is reducing China direct material spend and is on track to be under $30 million (2-3% of COGS) by the end of 2026[24] Sustainability Impact - 86% of revenue comes from products with sustainable attributes[12] - The company's products saved 16.6 billion gallons of water[12] - The company's filters delivered 1.2 billion gallons of safer, cleaner filtered water[12] - The company prevented 9.6 billion single-use plastic water bottles[12]