Zurn Elkay Water Solutions Business Summary

Zurn Elkay Water Solutions Corp (ZWS) operates as a pure-play designer and manufacturer of sustainable water management solutions, generating revenue primarily through the transaction-based sale of specialized hardware and integrated systems. The company’s portfolio is organized into four primary product categories: drinking water (including filtered bottle filling stations), water safety and control, hygienic and environmental systems, and flow systems. ZWS leverages the Zurn Elkay Business System (ZEBS) to drive operational efficiency and margin expansion, targeting mid-single-digit core sales growth and approximately $335 million in free cash flow for 2026. The company competes directly with industry heavyweights such as Watts Water Technologies, Pentair, and Fortune Brands Innovations; it distinguishes itself as a high-margin, pure-play leader in the institutional and commercial markets, particularly within the education and healthcare verticals where its filtration and touchless hygiene solutions hold significant market share. Leadership is anchored by Chairman and CEO Todd A. Adams, who joined the firm in 2004 and has served as CEO since 2009, overseeing the company’s 2021 transformation into a pure-play water entity and the 2022 merger with Elkay Manufacturing. He is supported by CFO David Pauli, who has been with the organization since 2012, and President Jeffrey Schoon. The executive team also includes Sudhanshu Chhabra, Senior Vice President of ZEBS, who brings a rigorous pedigree from Danaher Corporation, a pioneer in lean business systems. The board is led by Lead Independent Director Mark Bartlett, a retired Ernst & Young partner, and includes Timothy Jahnke, the former Chairman and CEO of Elkay. The company maintains high institutional backing, with over 80% of shares held by major investment firms, reflecting market confidence in its disciplined capital allocation and M&A strategy.