Zurn Water Solutions Corporation (NYSE:ZWS) Q1 2022 Earnings Conference Call April 27, 2022 8:30 AM ET

Company Participants

Todd Adams – Chairman and Chief Executive Officer

Mark Peterson – Senior Vice President and Chief Financial Officer

Dave Pauli – Vice President of Investor Relations

Conference Call Participants

Jeff Hammond – Keybanc Capital Markets

Bryan Blair – Oppenheimer

Joe Ritchie – Goldman Sachs

Brett Linzey – Mizuho

Operator

Good morning and welcome to Zurn Water Solutions Corporation, First Quarter 2022 Earnings Results Conference Call with Todd Adams, Chairman and Chief Executive Officer, Mark Peterson, Senior Vice President and Chief Financial Officer, and Dave Pauli, Vice President of Investor Relations for Zurn Water Solutions. This call is being recorded and will be available for replay for a period of two weeks. The phone numbers for the replay can be found in the earnings release for the company filed in the 8-K with the SEC yesterday, April 26, as in time for opening remarks and introductions. I will turn the call over to Dave Pauli.

Dave Pauli

Good morning, everyone and thanks for joining the call today. Before we begin, I'd like to remind everyone that this call contains certain forward-looking statements that are subject to the Safe Harbor language contained in the press release that we issued yesterday afternoon, as well as in our SEC filings. In addition, some comparisons will refer to non-GAAP measures. Our earnings release and SEC filings contain additional information about these non-GAAP measures, why we use them, and why we believe they are helpful to investors and contain reconciliations to the corresponding GAAP information.

Consistent with prior quarters, we will speak to non-GAAP metrics as we feel they provide a better understanding of our operating results. These measures are not a substitute for GAAP and we encourage you to review the GAAP information in our earnings release and in our SEC-filings. With that, I'll turn the call over to Todd Adams, Chairman and CEO of Zurn Water Solutions.

Todd Adams

Thanks, Dave. And good morning, everyone. Hopefully everyone had a chance to read through our earnings release last night, and we certainly appreciate everyone taking the time to join the call this morning. I guess it's only been about 70 days since we last updated everyone about the LJ -- LK transaction. We've made terrific progress towards the close in bringing the two businesses together. All the regulatory things are behind us, really without a hitch. The S-4 became effective this week. And we'll have the shareholder vote towards the end of May. I think we're going to target a clean closing right at the end of the second quarter. So as we announced our Q2 earnings in July, we'll be in a position to talk about what a combined second half will look like for the new Zurn LK Water Solutions business. I'll talk more later about some of the joint preparation we've been doing. But it's been really rewarding to see the teams engage with one another and begin to build action plans to execute the opportunities in front of us as we get to the closing.