Zurn Elkay Water Solutions Cor (NYSE:ZWS) Receives Consensus Rating of "Hold" from Brokerages
Nine analysts have issued a consensus "Hold" rating for Zurn Elkay Water Solutions Cor (NYSE:ZWS), with an average one-year price target of $51.63. Insiders have recently sold significant shares, including the CEO and CFO, totaling over $31 million in the last three months. The company reported a beat on its latest quarterly earnings with $0.36 EPS against an expected $0.34 and 9.8% year-over-year revenue growth.
Zurn Elkay Water Solutions expands revolving credit facility to $550 million
Zurn Elkay Water Solutions Corp (NYSE:ZWS) has expanded its revolving credit facility from $200 million to $550 million through an amendment to its existing credit agreement. This move, executed by its subsidiaries with JPMorgan Chase Bank, N.A. as the new agent, refinances previous amounts and extends the maturity date to February 19, 2031. The company maintains a strong balance sheet and recently reported impressive financial results, leading to reiterated Buy ratings from Stifel and Jefferies, and declared a quarterly cash dividend.
Zurn Elkay Water Solutions expands revolving credit facility to $550 million
Zurn Elkay Water Solutions Corp. announced an expansion of its revolving credit facility from $200 million to $550 million, refinancing its previous outstanding amounts. The amendment, effective February 19, 2026, involves its subsidiaries and JPMorgan Chase Bank, N.A. as the new agent, with a maturity date of February 19, 2031. This move, based on a recent SEC filing, follows strong financial results and positive analyst ratings for the company.
Zurn Water Solutions Expands Revolving Credit Facility for Growth
Zurn Water Solutions (ZWS) has expanded its revolving credit facility from $200 million to $550 million, extending the maturity to February 19, 2031. This refinancing provides the company with $540.1 million in additional borrowing capacity, enhancing its financial flexibility for future operations and growth. Analysts currently rate ZWS stock as a Buy with a $57.00 price target, while TipRanks' AI Analyst, Spark, rates it as Outperform due to strong financial performance and supportive earnings guidance.
Board Member Of Zurn Elkay Water Solns Sold $1.28M In Stock
Timothy J Jahnke, a Board Member at Zurn Elkay Water Solns (NYSE: ZWS), sold 25,000 shares of the company's stock for a total of $1,279,500. This insider sell comes as Zurn Elkay Water Solns faces challenges in revenue growth and has a market valuation indicating a smaller size compared to industry averages. While insider transactions are valuable to consider, they should be evaluated alongside other investment factors.
Chhabra, Zurn Elkay Water Solutions VP, sells $102k in stock
Sudhanshu Chhabra, VP-Zurn Business Systems at Zurn Elkay Water Solutions Corp, recently sold 2,021 shares of company stock for a total of $102,767. This transaction occurred on February 17, 2026, with shares trading between $50.63 and $51.22, near their 52-week high. The sale was primarily to cover tax obligations related to vested restricted stock units.
Zurn Elkay water solutions CIO sells $22,758 in stock
Michael Troutman, Chief Information Officer of Zurn Elkay Water Solutions Corp (NYSE:ZWS), sold 448 shares for approximately $22,758 to cover tax obligations from vested restricted stock units. Following the sale, Troutman still directly owns 61,327 shares and indirectly 1,890 shares. InvestingPro analysis suggests the stock is currently overvalued with a P/E ratio of 45.3, despite the company's strong recent financial performance and positive analyst ratings from Stifel and Jefferies.
David Pauli Sells 812 Shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) Stock
David Pauli, CFO of Zurn Elkay Water Solutions Cor (NYSE:ZWS), sold 812 shares of the company's stock at an average price of $51.61, reducing his stake by 1.22%. This transaction, totaling $41,907.32, was disclosed in an SEC filing. The sale comes after the company reported better-than-expected quarterly earnings and announced a quarterly dividend of $0.11.
Zurn Elkay water solutions officer sells $195k in stock
Mark W. Peterson, Chief Administrative Officer of Zurn Elkay Water Solutions (NYSE:ZWS), sold 3,793 shares of common stock for a total of $195,263. This transaction occurred with the stock trading near its 52-week high and having delivered a 46% return over the past year. Despite a high P/E ratio, the company maintains strong financial health and has consistently raised its dividend.
Insider Selling: Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Sells 946 Shares of Stock
Zurn Elkay Water Solutions Cor (NYSE:ZWS) VP Jeffrey Lavalle sold 946 shares of company stock for $48,841.98 on February 11th, reducing his stake by 1.79%. This sale occurred after the company reported strong quarterly earnings, beating analyst expectations for both EPS and revenue. Analysts currently have a "Hold" rating on ZWS with a consensus price target of $51.63.
Zurn Water Solutions stock hits 52-week high at 53.17 USD
Zurn Water Solutions (ZWS) has reached a new 52-week high of $53.17, marking a 47.65% increase over the past year due to strategic initiatives and favorable market conditions. The company, with an $8.85 billion market capitalization and a P/E ratio of 46.19, has maintained a "GOOD" financial health rating and has raised its dividend for three consecutive years. Recent news includes beating revenue and EBITDA estimates, declaring a cash dividend, and receiving Buy ratings from analysts Stifel and Jefferies.
Insider Selling: Todd A Adams Unloads $28.12M Of Zurn Elkay Water Solns Stock
Todd A Adams, Chairman and CEO at Zurn Elkay Water Solns (NYSE: ZWS), recently sold 538,397 shares of the company's stock, totaling $28.12 million. This insider transaction occurred on February 11, with shares trading at $51.73 on Wednesday morning. Despite the insider sell, Zurn Elkay Water Solutions focuses on clean water solutions, though it has experienced a 10.58% revenue decline, below-average EPS, and high valuation metrics like a P/E ratio of 46.19 and an EV/EBITDA of 23.77.
President Of Zurn Elkay Water Solns Sold $623K In Stock
Jeffrey A Schoon, President at Zurn Elkay Water Solns (NYSE: ZWS), sold 12,034 shares of company stock for a total transaction value of $623,361. The company's unique financial profile includes solid gross margins and a healthy debt-to-equity ratio, despite recent revenue decline and a lower-than-average EPS. The stock currently trades at a premium based on its P/E, P/S, and EV/EBITDA ratios.
Zurn Elkay Water Solutions Cor $ZWS Shares Sold by Impax Asset Management Group plc
Impax Asset Management Group plc significantly reduced its stake in Zurn Elkay Water Solutions (NYSE: ZWS) by 36.6% in the third quarter, selling over 1.8 million shares. This comes amidst other institutional investor activity and recent insider selling, including Zurn Elkay's CEO. Despite the share sales, Zurn Elkay reported an earnings beat, increased revenue year-over-year, and declared a quarterly dividend.
Zurn Elkay water solutions CEO Adams sells $28.1 million in stock
Todd A. Adams, CEO of Zurn Elkay Water Solutions Corp (NYSE:ZWS), sold approximately $28.1 million in company stock over two days in February 2026, following the vesting of performance stock units. Despite these sales, Adams retains a significant direct and indirect ownership stake in the company. This comes as Zurn Water Solutions reported strong financial results, surpassing analyst estimates, and analysts reiterated "Buy" ratings with positive price targets.
Todd Adams Sells 263,347 Shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) Stock
Todd Adams, CEO of Zurn Elkay Water Solutions Corp (NYSE:ZWS), sold 263,347 shares of the company's stock for approximately $13.87 million, reducing his stake by 9.42%. This sale occurred on February 9th at an average price of $52.68 per share. The company recently exceeded quarterly earnings expectations, reporting an EPS of $0.36 against an estimate of $0.34, and announced a quarterly dividend of $0.11 per share.
Insider Selling: Zurn Elkay Water Solutions Cor (NYSE:ZWS) CEO Sells 275,050 Shares of Stock
Zurn Elkay Water Solutions Corp CEO Todd Adams sold 275,050 shares of the company's stock on February 10th for over $14.24 million, reducing his stake by 10.86%. Despite the insider selling, Zurn Elkay Water Solutions recently beat Q4 earnings estimates, reported strong revenue growth, and announced a quarterly dividend. Analyst ratings are mixed, with a consensus "Hold" rating and an average price target close to the current trading price.
Insider Selling: Zurn Elkay Water Solutions Cor (NYSE:ZWS) CFO Sells 7,639 Shares of Stock
Zurn Elkay Water Solutions Cor (NYSE:ZWS) CFO David Pauli sold 7,639 shares of the company's stock on February 10th for a total of $395,700.20, reducing his holding by 10.26%. The company recently reported strong Q2 earnings, beating consensus estimates, and declared a quarterly dividend of $0.11. Analysts currently have mixed ratings on ZWS, with an average price target close to its current trading price.
Zurn Elkay Water Solutions CAO sells $1.8m in stock
Zurn Elkay Water Solutions' Chief Administrative Officer, Mark W. Peterson, sold 35,267 shares of company stock for approximately $1.8 million on February 10, 2026. This transaction followed his acquisition of 73,628 shares related to performance stock unit vesting and 5,874 restricted stock units, enhancing his direct and indirect holdings in the company. The company also recently reported strong financial results, exceeding revenue and adjusted EBITDA estimates, and declared a quarterly cash dividend.
Zurn Elkay water solutions CEO Adams sells $28.1 million in stock
Todd A. Adams, CEO of Zurn Elkay Water Solutions Corp, sold approximately $28.1 million worth of company stock across two days in February 2026, following the vesting of performance stock units. Despite these sales, Adams retains significant direct and indirect ownership in the company. This comes as Zurn Water Solutions reported strong financial results, surpassing analyst expectations, and received positive analyst ratings with "Buy" recommendations from Stifel and Jefferies.
Zurn Elkay water solutions CFO sells $395k in shares
Zurn Elkay Water Solutions CFO David J. Pauli sold 7,639 shares for approximately $395,700 on February 10, 2026, reducing his direct ownership to 66,807 shares. This transaction followed his acquisition of 15,778 shares through vested performance stock units on February 6, 2026, bringing his total direct ownership to 74,446 shares, in addition to indirect holdings and stock options. The company recently reported strong Q4 revenue and adjusted EBITDA, surpassing analyst expectations, leading Stifel to reiterate a Buy rating with a $54 price target, and Jefferies initiating coverage with a Buy rating and a $58 price target.
5 Revealing Analyst Questions From Zurn Elkay's Q4 Earnings Call
Zurn Elkay Water Solutions (ZWS) reported strong Q4 results with robust organic sales growth and margin expansion, exceeding analyst estimates for revenue, EPS, and EBITDA. Management attributed this success to supply chain optimization, disciplined pricing, and a focus on institutional and waterworks markets. Analysts questioned the path to full-year growth, vertical expansion targets, the impact of EPA regulations, Pro Filtration's effect on sales, and the rationale behind 2026 pricing actions, all of which management addressed.
Zurn Elkay Water Solutions Cor Q4 Earnings Call Highlights
Zurn Elkay Water Solutions reported strong Q4 2025 results with 10% organic sales growth, a 14% increase in adjusted EBITDA, and a 100 bps expansion in EBITDA margin, reaching 25.6%. The company achieved robust cash flow of $317 million for the full year, repurchased 3% of shares, and maintained low leverage. For 2026, Zurn Elkay targets mid-single-digit core sales growth and $335 million in free cash flow, anticipating stable market conditions and continued positive price-cost execution.
Jahnke, director at Zurn Elkay, sells $902,876 in stock
Timothy J. Jahnke, a director at Zurn Elkay Water Solutions Corp (NYSE:ZWS), sold 17,900 shares of common stock for $902,876. The transaction occurred while the stock was trading near its 52-week high, although InvestingPro analysis suggests it may be overvalued. Despite the insider sale, the company maintains a "GREAT" financial health score and has consistently raised its dividend.
Jahnke, director at Zurn Elkay, sells $902,876 in stock
Timothy J. Jahnke, a director at Zurn Elkay Water Solutions Corp (NYSE:ZWS), sold 17,900 shares of common stock for $902,876 on February 4, 2026. Despite this insider selling, Zurn Elkay shows strong financial health, has raised its dividend for three consecutive years, and has received positive analyst ratings with price targets up to $58. The stock is currently trading near its 52-week high, and InvestingPro analysis suggests it may be overvalued.
Timothy Jahnke Sells 17,900 Shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) Stock
Director Timothy Jahnke sold 17,900 shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) on February 4th for over $900,000, reducing his stake by 5.83%. The company recently reported better-than-expected quarterly earnings and declared a quarterly dividend of $0.11. Analysts generally have a "Hold" rating on the stock with an average price target of $51.63.
HighPoint Advisor Group LLC Has $1.39 Million Position in Zurn Elkay Water Solutions Cor $ZWS
HighPoint Advisor Group LLC significantly reduced its stake in Zurn Elkay Water Solutions Corp (NYSE: ZWS) by 70.6% in the third quarter, while still holding shares valued at $1.39 million. This adjustment in holdings comes as Zurn Elkay reported a strong quarter with EPS of $0.36 exceeding consensus and revenue growing 9.8% year-over-year. The company also declared a quarterly dividend of $0.11, and Wall Street analysts currently hold a consensus "Hold" rating with a target price of $51.13.
Zurn Elkay Water Solutions (ZWS) Margin Improvement Reinforces Bullish Narratives Despite Rich P E
Zurn Elkay Water Solutions (ZWS) completed FY 2025 with strong Q4 revenues and EPS, and an 11.3% trailing net margin, reinforcing bullish views despite a high P/E ratio. The company's earnings growth of 21.1% over the last year outpaced revenue growth, indicating improved profitability per dollar of sales. However, analysts note a valuation gap, with the stock trading at a 44.4x trailing P/E compared to a DCF fair value of US$47.93, suggesting that its current price may already embed strong expectations.
ZWS: RBC Capital Raises Price Target to $55, Maintains Sector Pe
RBC Capital has reaffirmed its "Sector Perform" rating for Zurn Elkay Water Solutions (ZWS) and increased its price target from $49 to $55. This adjustment reflects a continuous stable outlook for ZWS with an improved valuation expectation, despite GuruFocus' estimated fair value suggesting a downside. The company designs, manufactures, and markets various clean water solutions for diverse applications.
Zurn Water Solutions stock hits 52-week high at $50.97 By Investing.com
Zurn Water Solutions (ZWS) stock reached a new 52-week high of $50.97, further climbing to $52.76, reflecting a 20.53% increase over the past year and a market capitalization of $8.67 billion. The company exhibits strong fundamentals, including an Altman Z-Score of 5.85, a P/E ratio of 43.09, and a dividend growth of 37.5% over three consecutive years. Jefferies initiated coverage with a Buy rating and a $58.00 price target, citing Zurn's strategic advantage in the growing filtered water market and strong free cash flow.
Zurn Elkay stock jumps nearly 12% after outlook, cash targets catch buyers’ eye
Zurn Elkay Water Solutions stock soared nearly 12% following its Q4 earnings report, which highlighted strong net sales, adjusted earnings, and a robust outlook for 2026. The company's projections for mid-single-digit core sales growth, healthy adjusted EBITDA margins, and significant free cash flow caught investors' attention, especially amid broader market caution regarding building product stocks. This positive investor response also reflects optimism about the early-2026 outlook and the potential for buybacks and balance-sheet flexibility if cash flow remains strong.
Zurn Elkay Water Solutions Q4 Earnings Beat Forecasts, Optimistic Q1 Outlook Predicted
Zurn Elkay Water Solutions (NYSE: ZWS) recently announced Q4 earnings that significantly surpassed analyst forecasts, reporting an adjusted EPS of 36 cents on $407.2M in revenue, reflecting an 8% increase in core sales. The company also declared an increased quarterly cash dividend of $0.11 per share and provided an optimistic Q1 outlook, projecting 7-8% core sales growth. Despite these strong results, analysts maintain a "Sector Perform" rating, citing some concerns regarding growth and margin expansion, yet Zurn Elkay remains confident in achieving mid-single-digit sales growth and a substantial yearly free cash flow.
Stifel reiterates Buy rating on Zurn Water Solutions stock with $54 target
Stifel has reiterated its Buy rating and a $54.00 price target for Zurn Water Solutions (NYSE:ZWS) following strong financial results and a positive 2026 outlook. The company surpassed revenue and adjusted EBITDA expectations for its latest quarter and provided guidance aligning with or exceeding analyst estimates for 2026. Despite a positive outlook from Stifel and recent dividend news, InvestingPro suggests the stock may be overvalued based on its P/E ratio.
ZWS Q4 Deep Dive: Margin Expansion and Product Innovation Drive Strong Finish
Zurn Elkay Water Solutions (ZWS) reported strong Q4 CY2025 results, exceeding revenue and EPS expectations due to robust organic sales growth and margin expansion. Management highlighted supply chain optimization, disciplined pricing, and focus on institutional and waterworks markets as key drivers. The company plans to continue product innovation, expand into adjacent verticals, and manage tariff risks to sustain future growth.
Zurn Elkay (NYSE:ZWS) Beats Q4 CY2025 Sales Expectations
Zurn Elkay (NYSE:ZWS) reported strong Q4 CY2025 results, with sales increasing 9.8% year-on-year to $407.2 million, surpassing analyst expectations. The company also exceeded non-GAAP profit and Adjusted EBITDA estimates, demonstrating improved operational efficiency and record annual performance. Despite a history of fluctuating revenue growth, recent organic revenue growth and positive operating margins point to solid fundamental performance.
Zurn Elkay Water Solutions Reports Fourth Quarter and Full Year 2025 Financial Results
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) announced its fourth quarter and full year 2025 financial results, reporting record annual sales, adjusted EBITDA, and free cash flow. For the full year 2025, net sales reached $1,696 million with an adjusted EBITDA of $442 million, while the fourth quarter saw net sales of $407 million. The company projects mid-single digit core sales growth and approximately $335 million in free cash flow for 2026, demonstrating confidence in continued strong performance and capital deployment for shareholder value.
Earnings Flash (ZWS) Zurn Elkay Water Solutions Corporation Posts Q4 Adjusted EPS $0.36 per Share, vs. FactSet Est of $0.34
Zurn Elkay Water Solutions Corporation (ZWS) reported a Q4 adjusted EPS of $0.036, surpassing the FactSet estimate of $0.34. The company's Q4 revenue also exceeded analyst expectations, reaching $407.2 million against a FactSet estimate of $400.8 million. Zurn Elkay Water Solutions provides specification-driven water management solutions and has set its Q1 guidance.
Zurn Elkay Earnings: What To Look For From ZWS
Zurn Elkay Water Solutions Corp (ZWS) is set to report its earnings on Tuesday. Analysts anticipate an 8.3% year-on-year revenue growth to $401.5 million and adjusted earnings of $0.34 per share. The company has a strong track record of beating revenue estimates, and recent peer reports from Trane Technologies and A. O. Smith offer mixed signals for the HVAC and water systems segment.
Zurn Elkay Water Solutions Cor Announces Quarterly Dividend of $0.11 (NYSE:ZWS)
Zurn Elkay Water Solutions Corp (NYSE:ZWS) has declared a quarterly dividend of $0.11 per share, representing an annualized dividend of $0.44 and a yield of 1.0%. The dividend is payable on March 6th to shareholders of record on February 20th, with an ex-dividend date of February 20th. The company's dividend appears well-covered with a payout ratio of 29.9% and an expected future payout ratio of 28.9%, based on anticipated EPS of $1.52 next year.
Water solutions maker Zurn Elkay sets $0.11 March dividend
Zurn Elkay Water Solutions Corporation announced a quarterly cash dividend of $0.11 per share. The dividend will be payable on March 6, 2026, to shareholders of record as of February 20, 2026. The company, headquartered in Milwaukee, WI, specializes in water management solutions and has been recognized for its sustainability efforts.
Zurn Elkay Water Solutions declares $0.11 quarterly dividend
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) has declared a quarterly cash dividend of $0.11 per share, payable on March 6, 2026, to stockholders of record as of February 20, 2026. The company, known for sustainable water management solutions, has raised its dividend for three consecutive years and maintains a strong financial position. This news follows their Q3 2025 earnings beat, which led to raised full-year guidance and increased price targets from analysts.
Lbp Am Sa Trims Stock Position in Zurn Elkay Water Solutions Cor $ZWS
Lbp Am Sa significantly reduced its stake in Zurn Elkay Water Solutions (NYSE:ZWS) by 27.1% in Q3, selling nearly 65,000 shares. Meanwhile, company insiders have sold a considerable amount of stock, though they still hold 2.6% ownership. Despite this, ZWS recently beat earnings estimates, and analysts currently rate the stock as a "Hold" with a target price of $45.50.
Zurn Elkay Water Solutions Cor (ZWS) to Release Quarterly Earnings on Tuesday
Zurn Elkay Water Solutions (NYSE:ZWS) is scheduled to release its Q4 2025 earnings after market close on Tuesday, February 3rd. Analysts anticipate earnings of $0.34 per share and revenue of $400.75 million, with the company having previously beaten estimates in Q3 2025. The stock currently trades near $47, with a market cap of $7.87 billion, and analysts have a consensus "Hold" rating with a $45.50 price target.
Zurn Elkay Water Solutions Cor (NYSE:ZWS) Receives Consensus Recommendation of "Hold" from Brokerages
Nine brokerages have issued a "Hold" consensus rating for Zurn Elkay Water Solutions (NYSE:ZWS), with five recommending a hold and four a buy. The average 12-month price target provided by analysts is $45.50. The company recently reported better-than-expected quarterly earnings and revenue, with revenue increasing 11.1% year-over-year.
How Strong Results, Higher Dividend, and Bigger Buyback Will Impact Zurn Elkay Water Solutions (ZWS) Investors
Zurn Elkay Water Solutions (ZWS) recently reported strong quarterly results, beating revenue and adjusted EBITDA expectations. The company raised its full-year outlook, increased its annual dividend by 22%, and expanded its share repurchase authorization to $500 million, signaling confidence in its cash generation and balance sheet for both acquisitions and shareholder returns. While these developments bolster the investment case by emphasizing capital returns and operational efficiency, they also necessitate considering the premium valuation and insider selling against slower projected revenue growth.
Arkadios Wealth Advisors Sells 48,837 Shares of Zurn Elkay Water Solutions Cor $ZWS
Arkadios Wealth Advisors significantly reduced its stake in Zurn Elkay Water Solutions (ZWS) by selling 48,837 shares, cutting its position by 49% to 50,838 shares valued at $2.39 million. Other institutional investors showed mixed activity, with some increasing and others initiating positions. Zurn Elkay has an average analyst rating of "Hold" with a $45.50 price target, and recently reported strong quarterly earnings and an increased dividend.
Zurn Elkay Water Solutions Schedules Fourth Quarter 2025 Earnings Release and Investor Conference Call
Zurn Elkay Water Solutions Corporation (NYSE: ZWS) announced its fourth quarter and full-year 2025 financial results will be released after market close on Tuesday, February 3, 2026. The company will host a conference call and webcast on Wednesday, February 4, 2026, at 7:30 a.m. Central Time to discuss these results and provide a business update. Investors can access the call via a domestic toll-free number or a live webcast on the company’s investor relations website.
Investors get Q4 2025 look at Zurn Elkay Water Solutions on Feb. 4
Zurn Elkay Water Solutions (NYSE: ZWS) will host a conference call and webcast on February 4, 2026, at 7:30 a.m. Central Time to discuss its fourth-quarter and full-year 2025 financial results. The earnings release for the fourth quarter, ending December 31, 2025, will be issued after market close on February 3, 2026. Chairman and CEO Todd Adams and CFO Dave Pauli will lead the discussion, with replay available on the company's investor relations website.
We Think Zurn Elkay Water Solutions (NYSE:ZWS) Can Stay On Top Of Its Debt
Zurn Elkay Water Solutions (NYSE:ZWS) has manageable debt levels, with net debt at US$216.0m against US$260.1m in cash as of September 2025. The company's net debt to EBITDA ratio is conservative at 0.59 times, and its interest cover is strong at 9.3 times. Furthermore, EBIT grew by 10.0% last year, and the company demonstrates excellent free cash flow conversion from EBIT, suggesting its debt is well-managed and not a significant concern.
Zurn Elkay Water Solutions: Steady Flow Or Topping Out? What The Latest Numbers Say About ZWS
Zurn Elkay Water Solutions (ZWS) stock is consolidating near its 52-week high after a significant rally, showing cautious optimism among investors. While the company has seen impressive growth over the past year due to its focus on water management infrastructure, analysts view its valuation as full but fair, with expectations for continued steady execution rather than rapid gains. Future performance will depend on sustained demand from infrastructure renewal and green building initiatives, balanced against potential risks from slowdowns in non-residential construction or rising interest rates.
