Monitor the July 29 earnings call for specific Q2 numbers and updated guidance. The Intellihot acquisition is small and unlikely to be a standalone catalyst; focus on organic growth trajectory and margin commentary.
Price Chart
Executive Summary
Zurn Elkay issued a Q2 earnings preview indicating results are ahead of the prior outlook range, and announced the acquisition of Intellihot, a tankless water heater company with ~$37M in expected 2026 net sales. The deal is a small bolt-on into an adjacent category, and full Q2 details will be released on the July 29 earnings call.
Key Facts
- Acquired Intellihot, a private tankless water heater company; expected to close early Q3 2026.
- Intellihot's 2026 net sales expected to be approximately $37 million.
- Q2 2026 results preview: ahead of the outlook range provided earlier in the quarter.
- Full Q2 earnings call scheduled for July 29, 2026.
Financial Impact
Acquisition target has ~$37M in annual revenue; no purchase price disclosed. Earnings preview positive but no specific figures provided.
Risk Factors
- Integration risk for Intellihot, though deal size is small.
- Q2 results may fall short of the 'ahead of outlook' claim when full numbers are released.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-048756 |
| Exhibit: ex991pressrelease-scarlett.htm | 0001628280-26-048756 |
| Document: 0001628280-26-048756-index-headers.html | 0001628280-26-048756 |
| Document: 0001628280-26-048756-index.html | 0001628280-26-048756 |
| Document: 0001628280-26-048756.txt | 0001628280-26-048756 |
| 8-K Data (Synthetic) | 0001628280-26-048756 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 20, 2026 10w ago | 8-K | $47.80 $50.31 | ▲ +5.25% | ▲ +1.13% | $47.67 (−0.27%) |
Jun 11, 2026 16w ago | Institutional Cluster | $48.39 $47.35 | ▼ −2.15% | ▼ −3.93% | $47.67 (−1.49%) |
May 27, 2026 18w ago | 8-K | $47.01 $50.87 | ▲ +8.21% | ▲ +11.36% | $47.67 (+1.40%) |
May 1, 2026 22w ago | 8-K | $50.30 $46.72 | ▼ −7.12% | ▼ −12.76% | $47.67 (−5.23%) |
Apr 21, 2026 23w ago | 8-K | $52.48 $46.37 | ▼ −11.64% | ▼ −14.81% | $47.67 (−9.17%) |
US Market Status
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