Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Zurn Elkay Water Solutions Corporation is a publicly traded water management company operating within the commercial, institutional, and residential building products industries. The company designs, manufactures, and markets solutions that enable the safe delivery, filtration, and conservation of water, with a focus on improving water quality, safety, and sustainability in the built environment. Its primary revenue drivers include drinking water systems, water safety and control products, and plumbing fixtures used across non‑residential construction and retrofit markets.
The company was formed in 2023 through the merger of Zurn Water Solutions Corporation and Elkay Manufacturing Company, combining Zurn’s strength in water control and infrastructure with Elkay’s leadership in drinking water and fixture solutions. This combination positioned the company as a comprehensive, single‑source provider for end‑to‑end water solutions, serving customers across education, healthcare, commercial, industrial, and municipal facilities.
Business Operations
Zurn Elkay Water Solutions generates revenue through two reportable business segments: Americas and International, with the majority of sales derived from the North American non‑residential construction and renovation markets. Its core product categories include drinking water delivery systems, bottle filling stations, faucets, sinks, water safety and flow control products, and specification‑driven plumbing components sold through professional channels.
The company controls a broad portfolio of proprietary technologies and brands, including Zurn, Elkay, and Wilkins, and operates a vertically integrated manufacturing and distribution network. Operations are supported by long‑standing relationships with engineers, architects, contractors, and distributors, as well as direct engagement with institutional end users. International operations are smaller in scale and primarily support global brand presence and targeted regional demand.
Strategic Position & Investments
Strategically, Zurn Elkay Water Solutions is focused on capturing above‑market growth by leveraging its combined product breadth to increase specification adoption and cross‑selling opportunities. Key growth initiatives include expanding lead‑free and filtered drinking water solutions, increasing penetration in institutional markets such as education and healthcare, and driving recurring revenue through replacement and retrofit demand tied to aging infrastructure.
The merger between Zurn Water Solutions Corporation and Elkay Manufacturing Company represents the company’s most significant strategic investment, creating scale advantages and an integrated water solutions platform. The company continues to invest in product innovation related to water safety, sustainability, and regulatory compliance, including emerging standards for drinking water quality and conservation technologies.
Geographic Footprint
Zurn Elkay Water Solutions is headquartered in the United States and maintains its primary operational footprint across North America, where the vast majority of revenue is generated. Manufacturing facilities, distribution centers, and sales operations are concentrated in the U.S., supporting national coverage and proximity to key customers and end markets.
Internationally, the company maintains a presence in Europe, the Middle East, and parts of Asia‑Pacific, primarily through sales offices and targeted manufacturing and sourcing operations. While international revenue represents a smaller portion of overall sales, these regions support global brand recognition and selective growth opportunities aligned with commercial construction activity.
Leadership & Governance
The company is led by an executive team with deep experience in industrial manufacturing, building products, and operational integration. Leadership emphasizes disciplined capital allocation, customer‑centric innovation, and long‑term value creation through sustainable water management solutions.
Key executives include:
- Todd A. Adams – Chief Executive Officer
- David J. Pauli – Chief Financial Officer
- Brian D. Rusch – Chief Legal Officer and Corporate Secretary
- Scott J. Adams – Chief Operating Officer
The leadership team’s strategic vision centers on positioning the company as the leading provider of integrated water solutions while maintaining strong governance practices and alignment with shareholder interests.