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Zurn Elkay Water Solutions

Integrated water solutions and fixtures provider

Product Manager 2 - Retrofit & Aftermarket Solutions

Full-TimeUpdated on 10/21/2026
$118k - $163k
Senior
Bachelor's
Downers Grove, IL, USA
In Person
ProductProduct Management

About the job

Requirements
  • A bachelor's degree in Business, Marketing, Engineering, Product Management, or a related field is required.
  • At least 5 years of product management, project management, engineering, marketing, or related experience is required.
  • Experience leading cross-functional projects from concept through commercialization is required.
  • Strong analytical, financial, and business case development skills are required.
  • Demonstrated ability to convert customer feedback into innovative product solutions is required.
  • Strong project management and organizational capabilities are required.
Responsibilities
  • Drive development of retrofit and conversion solutions that make facility modernization more cost-effective and less labor-intensive than traditional replacement approaches.
  • Lead development and commercialization of retrofit kits, conversion packages, and upgrade solutions for modernizing functioning but outdated installations.
  • Identify installed-base opportunities where retrofit solutions address regulatory changes, technology upgrades, or evolving customer requirements.
  • Develop positioning and value propositions communicating the benefits of retrofit versus replacement.
  • Develop and execute the aftermarket product strategy for replacement parts, service kits, and accessories.
  • Define the aftermarket product roadmap to maximize customer value and recurring revenue, and implement upselling pathways.
  • Identify portfolio expansion opportunities using installed-base analysis, warranty data, service requests, and customer feedback.
  • Ensure critical replacement parts are available and accessible to improve customer experience throughout the installed-base lifecycle.
  • Evaluate market demand, competitive offerings, customer value, pricing, margin potential, and revenue opportunities.
  • Develop recommendations and financial analyses covering expected sales volume, profitability, and return on investment.
  • Present opportunities and business cases to leadership for prioritization and approval.
  • Lead cross-functional teams through ideation, feasibility assessment, development, launch, and post-launch evaluation.
  • Coordinate priorities across Product Management, Engineering, Marketing, Operations, Quality, Regulatory Affairs, and Commercial teams.
  • Ensure product changes meet performance, safety, certification, and regulatory requirements.
  • Promote customer service excellence, lifecycle value creation, and proactive facility modernization.
  • Monitor market trends, customer preferences, regulatory changes, and competitive activity.
  • Conduct competitive benchmarking to identify opportunities where speed-to-market can create competitive advantage.
  • Partner with sales and channel teams to understand emerging customer challenges and market opportunities.
  • Develop launch plans, product positioning, pricing recommendations, and sales enablement materials.
  • Collaborate with Marketing and Sales to support successful product introductions.
  • Track product performance and customer adoption after launch and implement continuous improvements as needed.
  • Drive revenue growth through successful introduction of customer-driven product solutions.
  • Measure and report on sales growth, margin performance, customer adoption, and time-to-market improvements.
  • Continuously assess the portfolio for opportunities to expand offerings and solve customer challenges.

About the company

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Zurn Elkay Water Solutions

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Zurn Elkay Water Solutions provides a broad range of water management products for commercial, institutional, and residential markets, including filtered bottle filling stations, drinking fountains, sinks, faucets, valves, drainage, and restroom fixtures. Its approach uses a razor-and-blade model, where installing filtered water stations enables ongoing, high-margin revenue from filter replacements. The company combines Zurn’s plumbing expertise with Elkay’s stainless-steel sinks, fixtures, and water coolers to serve education, healthcare, government, hospitality, and residential construction, primarily in the United States with some international locations. Its goal is to deliver safe, efficient water systems and maintenance programs that promote water hygiene and conservation while building recurring revenue streams.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Milwaukee, Wisconsin

Founded

1900

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Simplify's Take

What believers are saying

  • Q2 2026 revenue hit $491 million, up 10.5%, and management raised guidance.
  • Q2 adjusted EBITDA reached $136 million, with 27.7% margin and $112 million free cash flow.
  • 2025 Sustainability Report says 2.4 billion gallons filtered and 20 billion bottles avoided.

What critics are saying

  • Q2 2026 free cash flow turned negative $42.7 million, exposing working-capital volatility.
  • Q2 2026 10-Q disclosed restructuring actions, workforce reductions, and facility rationalization.
  • Failed Intellihot integration destroys ZWS's premium margin story and 2027 valuation rerating.

What makes Zurn Elkay Water Solutions unique

  • Zurn Elkay combines plumbing, drainage, and drinking-water systems under one commercial platform.
  • Intellihot acquisition in July 2026 expands tankless water-heating into a $1.1 billion market.
  • PFAS-certified filters and bottle-filling stations create recurring replacement-filter revenue.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • STD
  • LTD
  • AD&D
  • Life Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Health Savings Account/Flexible Spending Account
  • Up to 3 weeks starting Vacation (may increase with tenure)
  • Paid Holidays

Company News

Ticker Report
Aug 26th, 2026
Sanctuary Advisors LLC Makes New $2.31 Million Investment in Zurn Elkay Water Solutions Cor $ZWS

Sanctuary Advisors LLC bought a new position in Zurn Elkay Water Solutions Cor (NYSE:ZWS – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 45,630 shares of the company’s stock, valued at approximately $2,306,000. Other institutional investors and hedge funds also recently […]

Yahoo Finance
Jul 28th, 2026
Zurn Elkay posts Q2 revenue of $491M, beating estimates by 1.6%

Zurn Elkay reported better-than-expected second-quarter results for 2026, with revenue rising 10.5% year on year to $491 million, surpassing analyst estimates of $483.3 million. The water management solutions company posted adjusted earnings of $0.50 per share, beating consensus forecasts of $0.47. Adjusted EBITDA reached $136 million with a 27.7% margin, whilst operating margin improved to 31%, up from 17.5% in the prior-year quarter. Organic revenue grew 10%. The company repurchased $50 million in shares during the quarter and paid $37 million in dividends. However, free cash flow turned negative at -$42.7 million, down from $101.6 million in the same quarter last year. CEO Todd Adams noted the company raised its full-year outlook and continues leveraging operational improvements to drive growth.

Business Wire
Jul 21st, 2026
Zurn Elkay Water Solutions Corporation to Acquire Intellihot

Zurn Elkay Water Solutions Corporation (NYSE: ZWS) today announced it has signed an agreement to acquire Intellihot, Inc., a privately-held leader in tankles...

Yahoo Finance
May 11th, 2026
Zurn Elkay's 18.4% cash flow margin beats F5 and Sonos in water management play

Zurn Elkay, a water management solutions provider, stands out amongst cash-producing stocks with an 18.4% trailing 12-month free cash flow margin. The company demonstrates strong fundamentals with a gross margin of 42.6% and improving efficiency, as its operating margin expanded by 3.7 percentage points over five years. In contrast, F5 and Sonos face significant headwinds. F5, despite a 29.9% free cash flow margin, struggles with sluggish 3.3% ARR growth and stagnant operating margins. Sonos shows even weaker performance with only an 8.1% free cash flow margin, declining annual sales of 1.4% over five years, and earnings per share dropping 9.3% annually. Zurn Elkay's strong 15.1% free cash flow margin and improved cash conversion indicate growing capital efficiency.

Associated Press
Apr 21st, 2026
Zurn Elkay Q1 sales grow 11% to $433M as adjusted EBITDA margins expand 160bp to 26.8%

Zurn Elkay Water Solutions reported first quarter 2026 net sales of $433 million, up 11% year-over-year on a core sales basis. Net income from continuing operations reached $59 million, or $0.35 per diluted share, compared with $41 million ($0.24 per share) in the prior-year quarter. Adjusted EBITDA rose to $116 million, representing 26.8% of net sales, up from $98 million (25.2% of sales) a year earlier. The Milwaukee-based water management company expanded its credit facility from $200 million to $550 million and deployed $50 million to repurchase one million shares during the quarter. Net debt leverage stood at 0.5x as of 31st March 2026. For the second quarter, the company expects core sales growth of 8% to 9% and adjusted EBITDA margins between 27.0% and 27.5%.