Zurn Elkay Water Solutions Corp
For the period ended Dec 31, 2025. Filed Feb 9, 2026.
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FY2025 · Filed Feb 9, 2026
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Consolidated Statements of Stockholders' Equity
| CommonStock | AdditionalPaid-InCapital | Retained(Deficit)Earnings | AccumulatedOtherComprehensive(Loss) Income | Total Stockholders’ Equity | |
|---|---|---|---|---|---|
| Balance at December 31, 2022 | $1.8 | $2,853.1 | $(1,164.9) | $(75.0) | $1,615.0 |
| Net income | $— | $— | $112.7 | $— | $112.7 |
| Foreign currency translation and other adjustments | — | — | — | 3.6 | 3.6 |
| Change in pension and other postretirement benefit obligations, net of $1.2 million of income tax | — | — | — | 3.7 | 3.7 |
| Total comprehensive income | — | — | 112.7 | 7.3 | 120.0 |
| Stock-based compensation expense | — | 41.6 | — | — | 41.6 |
| Proceeds from exercise of stock options | — | 4.3 | — | — | 4.3 |
| Taxes withheld and paid on employees' share-based payment awards | — | (3.1) | — | — | (3.1) |
| Repurchase of common stock (1) | (0.1) | — | (126.0) | — | (126.1) |
| Elkay Merger (2) | — | (5.1) | — | — | (5.1) |
| Common stock dividends ($0.29 per share) | — | (43.8) | — | — | (43.8) |
| Balance at December 31, 2023 | $1.7 | $2,847.0 | $(1,178.2) | $(67.7) | $1,602.8 |
| Net income | $— | $— | $160.2 | $— | $160.2 |
| Foreign currency translation and other adjustments | — | — | — | (10.0) | (10.0) |
| Change in pension and other postretirement benefit obligations, net of $1.1 million of income tax | — | — | — | 3.3 | 3.3 |
| Total comprehensive income | — | — | 160.2 | (6.7) | 153.5 |
| Stock-based compensation expense | — | 37.9 | — | — | 37.9 |
| Proceeds from exercise of stock options and ESPP contributions | — | 8.6 | — | — | 8.6 |
| Taxes withheld and paid on employees' share-based payment awards | — | (8.6) | — | — | (8.6) |
| Repurchase of common stock (1) | — | — | (150.7) | — | (150.7) |
| Common stock dividends ($0.33 per share) | — | (56.7) | — | — | (56.7) |
| Balance at December 31, 2024 | $1.7 | $2,828.2 | $(1,168.7) | $(74.4) | $1,586.8 |
| Net income | $— | $— | $198.0 | $— | $198.0 |
| Foreign currency translation and other adjustments | — | — | — | 4.9 | 4.9 |
| Change in pension and other postretirement benefit obligations, net of $2.3 million of income tax benefit | — | — | — | (7.2) | (7.2) |
| Total comprehensive income | — | — | 198.0 | (2.3) | 195.7 |
| Stock-based compensation expense | — | 40.6 | — | — | 40.6 |
| Proceeds from exercise of stock options and ESPP contributions | — | 7.8 | — | — | 7.8 |
| Taxes withheld and paid on employees' share-based payment awards | — | (0.6) | — | — | (0.6) |
| Repurchase of common stock (1) | — | — | (161.0) | — | (161.0) |
| Common stock dividends ($0.38 per share) | — | (66.0) | — | — | (66.0) |
| Balance at December 31, 2025 | $1.7 | $2,810.0 | $(1,131.7) | $(76.7) | $1,603.3 |
(1)During the years ended December 31, 2025, 2024, and 2023, the Company repurchased and canceled 4.4 million shares,4.7 million shares and 5.3 million shares of common stock at a total cost of $159.9 million, $150.2 million and $125.0 million at an average price of $36.74, $31.81 and $23.66 per share, respectively. For the years ended December 31, 2025, 2024, and 2023 the Company recognized $1.1 million, $0.5 million, and $1.0 million of excise tax on the repurchases, respectively. See Note 17, Common Stock Repurchases for additional information.
(2)Refer to "Item 8. Financial Statements and Supplementary Data, Note 3, Acquisitions" of our 2024 Form 10-K for additional information regarding the Elkay Merger.
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