Mueller Water Products, Inc.

Listed Company

MWACIK 0001350593NYSELarge AcceleratedMiscellaneous Fabricated Metal ProductsDelawareFY ends Sep 30

Period

FY 2025

Revenue

$1.43B

Net Income

$191.70M

Total Assets

$1.84B

Equity

$981.70M

Shares Out

156.39M

Op. Cash Flow

$219.30M

Business

Mueller Water Products, Inc. manufactures and markets products and solutions for the transmission, distribution and measurement of water for municipalities and the residential and non-residential construction industries. It offers water infrastructure and flow control products and services including iron gate and specialty valves, service brass, fire hydrants, repair and installation products, natural gas fittings, metering, leak detection, and pressure management solutions. The company operates through two business segments: Water Flow Solutions and Water Management Solutions. Its products are primarily sold in the United States and Canada through national and regional waterworks distributors and direct municipal contracts.

Summary from filing dated 2025-11-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Revenues	1,430	1,315	1,276	1,247	1,111
Cost of sales	913	856	896	883	753
Gross profit	517	459	380	364	359
Selling, general and administrative	247	245	242	239	219
Restructuring Charges	9	16	10	7	—
Goodwill, Impairment Loss	0	16	0	7	0
Total operating expenses	256	277	252	253	227
Operating income	261	182	127	112	132
Pension (benefit) expense other than service	−200,000	4	4	−4	−3
Interest expense, net	7	13	15	17	—
Other expense	0	2	0	0	—
Income before income taxes	254	163	109	99	95
Income tax expense (benefit)	63	48	24	22	25
Net income	192	116	86	77	70
Net income (loss) per basic share	1.23	0.74	0.55	0.49	0.44
Net income (loss) per diluted share	1.22	0.74	0.55	0.48	0.44
Basic, in shares	156	156	156	157	158
Diluted, in shares	158	157	157	158	159
Dividends declared per share, in dollars per share	0.27	0.26	0.24	0.23	0.22

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	432	310	160	147	228
Receivables, net	212	209	217	228	212
Inventories, net	329	302	298	279	185
Other current assets	57	38	32	27	29
Total current assets	1,029	858	707	680	654
Property, plant and equipment, net	336	319	312	302	283
Intangible assets, net	307	310	334	361	393
Net goodwill	89	81	94	99	115
Other noncurrent assets	78	68	59	57	73
Total assets	1,839	1,636	1,505	1,498	1,518
Current portion of long-term debt	1	800,000	700,000	800,000	1
Accounts payable	134	110	103	123	92
Other current liabilities	155	147	115	117	127
Total current liabilities	290	258	219	241	220
Long-term debt	450	449	447	446	446
Deferred income taxes	51	55	74	86	95
Other noncurrent liabilities	66	64	54	55	62
Total liabilities	857	826	794	829	823
Commitments and contingencies (Note 15)	—	—	—	—	—
Preferred stock: par value $0.01 per share; 60,000,000 shares authorized, none outstanding as of September 30, 2025 and 2024	0	0	0	0	—
Common stock: par value $0.01 per share; 600,000,000 shares authorized; 156,331,004 and 156,227,170 shares outstanding as of September 30, 2025 and 2024, respectively	2	2	2	2	2
Additional paid-in capital	1,159	1,205	1,240	1,280	1,342
Accumulated deficit	−174	−366	−482	−567	−644
Accumulated other comprehensive loss	−5	−31	−49	−45	−5
Total stockholders equity	982	810	712	669	695
Total liabilities and stockholders equity	1,839	1,636	1,505	1,498	1,518

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation	40	39	34	32	31
Amortization	7	27	28	29	28
Non-cash asset impairment	1	2	0	0	—
(Gain) loss on sale of assets	−200,000	500,000	−4	0	0
Stock-based compensation	11	9	9	9	8
Pension cost	500,000	5	4	−3	−2
Deferred income taxes	−7	−22	−14	−4	−5
Inventory reserves provision	2	5	400,000	2	3
Other, net	900,000	1	900,000	1	1
Receivables	−2	8	11	−18	−30
Inventories	−27	−8	−20	−98	−24
Other current assets and other noncurrent assets	−20	−8	−3	1	−5
Accounts payable	18	7	−20	32	23
Other current liabilities	4	32	−2	−9	38
Long-term liabilities	800,000	9	−800,000	−6	3
Net cash provided by operating activities	219	239	109	52	157
Capital expenditures	−47	−47	−48	−55	−63
Proceeds from sales of assets	200,000	200,000	6	0	700,000
Net cash used in investing activities	−47	−47	−42	−55	−82
Dividends paid	−42	−40	−38	−37	−35
Stock repurchased under buyback program	−15	−10	−10	−35	−10
Employee taxes related to stock-based compensation	−5	−2	−2	−2	−1
Common stock issued	5	8	3	2	2
Debt issuance costs	0	−900,000	0	0	−6
Payments for finance lease obligations	−1	−900,000	−1	−700,000	−400,000
Net cash used in financing activities	−58	−46	−49	−72	−59
Effect of currency exchange rate changes on cash	8	4	−4	−6	2
Net change in cash and cash equivalents	122	150	14	−81	19
Cash paid for interest, net	6	10	15	19	25
Cash paid for income taxes, net	69	74	38	27	17
Property, plant and equipment accrued and unpaid	9	0	0	—	—
Property, plant and equipment accrued and unpaid	3	2	900,000	—	—

Filings

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