ZURN ELKAY WATER SOLUTIONS CORPORATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.70B | $1.57B | $1.53B | $1.28B | $910.9M | $562.7M | $710.1M | $1.85B |
| Cost of Revenue | $931.1M | $859.5M | $882.4M | $816.3M | $537.7M | $407.9M | $1.27B | $1.15B |
| Gross Profit | $764.8M | $707.0M | $648.1M | $465.5M | $373.2M | $338.2M | $784.8M | $706.5M |
| Gross Margin | 45.1% | 45.1% | 42.3% | 36.3% | 41.0% | 60.1% | 110.5% | 38.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | $16.2M | $16.3M | $13.3M |
| SG&A Expense | $417.6M | $389.8M | $371.3M | $309.0M | $239.0M | $206.1M | $433.1M | $393.8M |
| Operating Income | $278.9M | $244.6M | $191.4M | $107.1M | $107.0M | $107.7M | $305.6M | $266.4M |
| Operating Margin | 16.4% | 15.6% | 12.5% | 8.4% | 11.7% | 19.1% | 43.0% | 14.4% |
| Interest Expense | — | — | $38.5M | $26.9M | $34.7M | $45.9M | $69.9M | $75.1M |
| Pretax Income | $256.3M | $207.0M | $146.8M | $83.8M | $52.4M | $38.1M | $238.8M | $56.5M |
| Income Tax Expense | $63.9M | $48.1M | $42.6M | $26.8M | $2.7M | $9.5M | $53.4M | $-19.5M |
| Net Income | $198.0M | $160.2M | $112.7M | $61.7M | $120.9M | $146.7M | $34.3M | $75.9M |
| Net Margin | 11.7% | 10.2% | 7.4% | 4.8% | 13.3% | 26.1% | 4.8% | 4.1% |
| EPS (Basic) | $1.17 | $0.93 | $0.65 | $0.41 | $1.00 | $1.21 | $0.11 | $0.51 |
| EPS (Diluted) | $1.15 | $0.92 | $0.64 | $0.40 | $0.97 | $1.19 | $0.28 | $0.62 |
| Shares Outstanding (Basic) | 168.7M | 171.7M | 174.3M | 151.6M | 121.5M | 120.8M | 104.6M | 103.9M |
| Shares Outstanding (Diluted) | 171.3M | 174.7M | 177.3M | 153.8M | 125.1M | 123.5M | 123.3M | 122.0M |
| Dividends Per Share | $0.38 | $0.33 | $0.29 | $0.20 | $0.30 | $0.08 | — | — |