Zurn Elkay Water Solutions Corporation has signed an agreement to acquire Intellihot, Inc., a privately-held leader in tankless water heater solutions serving the healthcare, education, hospitality and commercial end markets. The transaction marks Zurn Elkay's entry into the high-efficiency water heating market and is expected to close early in the third quarter. Intellihot’s net sales are expected to be approximately $37 million in 2026.

Todd A. Adams, Chairman and CEO of Zurn Elkay, described Intellihot as an earlier-stage technology disruptor in the tankless water heating market for commercial and institutional applications. He stated the acquisition represents a strong initial step into an adjacent category where building owners demand integrated solutions from trusted partners. Adams noted the combination will further the company's long-term growth strategy and establish an established presence in the water heating end market.

Adams highlighted that the identified category shares attributes with Zurn Elkay's existing business, including specifiable solutions in a growing market, regulatory tailwinds, and distribution through independent third-party rep networks. He emphasized that the company's balance sheet, leverage, liquidity, and cash flow generation remain strong, positioning it well to pursue growth opportunities both organically and inorganically.

Second-Quarter Results

Adams indicated that second-quarter results are ahead of the outlook range provided earlier in the quarter. The company plans to provide further details on the quarter and its outlook during an earnings call scheduled for Wednesday, July 29, 2026.

Zurn Elkay Water Solutions Corporation will release its second quarter 2026 financial results after market close on Tuesday, July 28, 2026. The company has scheduled a conference call and webcast presentation for Wednesday, July 29, 2026, at 7:30 a.m. Central Time to discuss the financial performance, provide a general business update, and respond to investor questions. The call will be hosted by Chairman and CEO Todd Adams, CFO Dan Klun, COO Dave Pauli, and President Jeff Schoon.

Investors can access the live teleconference using the domestic toll-free number 800-715-9871 or the international toll number 646-307-1963 with the access code 6071902. A live webcast will also be available on the company’s investor relations website at investors.zurnelkay.com. Participants are advised to visit the website at least fifteen minutes prior to the start of the call to register and install any necessary audio software.

For those unable to attend the live event, a replay of the conference call will be available as a webcast on the company’s investor relations website. Zurn Elkay Water Solutions is headquartered in Milwaukee, Wisconsin, and operates as a pure-play water management business designing and marketing sustainable water management solutions.

Conference Call Details