ATLANTA, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE:MWA) announced that its Board of Directors has declared a quarterly dividend of 6.40 cents ($0.064) per share, payable on or about February 20, 2024, to stockholders of record as of the close of business on February 9, 2024. About Mueller Water Products, Inc. Mueller Water Products, Inc. is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. ...

ATLANTA, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE:MWA) today announced that its Board of Directors has nominated Brian Healy to join the Company's Board, along with other Board nominees, for election at the Company's Annual Meeting of Stockholders on February 28, 2024. With the appointment of Mr. Healy to the Board, the Board would be comprised of 10 directors, nine of whom are independent. Mr. Healy brings more than 25 years of experience in the financial services industry to th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) 1200 Abernathy Road N.E. Suite 1200 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-32892 MUELLER WATER PRODUCTS, INC. (E ...

Earnings Conference Call 2023 Third Quarter Ended June 30, 2023 August 4, 2023 Non-GAAP Financial Measures The Company presents adjusted net income, adjusted net income per diluted share, adjusted operating income, adjusted operating margin, adjusted EBITDA and adjusted EBITDA margin as performance measures because management uses these measures to evaluate the Company's underlying performance on a consistent basis across periods and to make decisions about operational strategies. Management also believes t ...

Mueller Water Products, Inc. (NYSE:MWA) Q3 2023 Earnings Conference Call August 4, 2023 10:00 AM ET Company Participants Whit Kincaid - Senior Director of IR Scott Hall - President & CEO Martie Zakas - EVP & CFO Conference Call Participants Deane Dray - RBC Joe Giordano - TD Cowen Ryan Connors - Northcoast Walt Liptak - Seaport Research Operator Welcome. And thank you, for standing by. At this time all participants are in listen only mode until the question-and-answer session at today's conference. [Operat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-32892 MUELLER WATER PRODUCTS, INC. (Exact name of registrant as specified in its charter) Delaware 20-3547095 (State or other jurisdiction of (I.R.S. Employer incorporation or o ...

Financial Data and Key Metrics Changes - Consolidated net sales increased by 7.2% to $332.9 million compared to the prior year, driven by higher pricing across most product lines and increased volumes in Water Management Solutions, which offset lower volumes in Water Flow Solutions [2][58] - Adjusted operating income decreased by $1.2 million to $33.6 million, impacted by decreased volumes, inflation-related costs, and higher SG&A expenses [3][60] - Adjusted EBITDA of $48.1 million decreased by 4.9%, resulting in an adjusted EBITDA margin of 14.4%, down from 16.3% in the prior year [14][30] Business Line Data and Key Metrics Changes - Water Management Solutions net sales increased by 38.8% to $175.7 million, primarily due to increased volumes in hydrants and water application products, along with higher pricing [32] - Water Flow Solutions net sales decreased by 14.5% to $157.2 million, with higher pricing unable to offset lower volumes for iron gate valves and service brass products [61] - Specialty valves experienced double-digit net sales growth, driven by higher prices and increased volumes [31] Market Data and Key Metrics Changes - The new residential construction market accounted for 25% to 30% of net sales in 2022, with total housing starts down 18% year-over-year during the second quarter [38] - The municipal repair and replacement market remains strong, benefiting from healthy budgets, particularly in larger municipalities [39] - The company anticipates that the federal infrastructure bill will provide a tailwind for water infrastructure activity, with funding allocated to various projects [72] Company Strategy and Development Direction - The company aims to become a sustainability leader by providing intelligent products and services that help municipalities manage aging infrastructures and respond to climate impacts [11] - The focus is on improving operational efficiencies and increasing domestic manufacturing capacity to enhance delivery times and capture demand for American-made products [42] - The company is committed to returning to pre-pandemic margins by 2025 through strategic capital investments and operational initiatives [19][68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving adjusted EBITDA growth and conversion margin expectations in the second half of the year, supported by operational improvements [71] - The company reiterated its annual guidance for consolidated net sales and adjusted EBITDA growth, expecting higher pricing to drive top-line growth [40] - Management acknowledged ongoing inflationary pressures and the need for continued cost management, particularly in SG&A expenses [29][55] Other Important Information - The company reported a total debt of $447.5 million and cash and cash equivalents of $89.2 million as of March 31, 2023, with a net debt leverage ratio of 1.9 times [34] - Free cash flow for the six-month period was negative $42.7 million, primarily due to a decrease in cash provided by operating activities [33] - The company continues to utilize outsourcing for brass parts to mitigate lower production at its brass foundry operations [59] Q&A Session Summary Question: Discussion on margins in the Water Management Solutions segment - Management discussed the recent realignment of segment reporting and the sustainability of margin improvements, indicating that the jump in margins is expected to be maintained going forward [6] Question: Update on the certification process at the new foundry - Management provided updates on the production targets and the certification process, indicating that they are on track to meet their goals [84][106] Question: Insights on the backlog and lead times - Management expressed confidence that backlog will normalize before the demand wave from legislation, with expectations for lead times to return to historical norms [116] Question: Performance of the old foundry - Management highlighted improvements in the old foundry's performance due to better staffing and maintenance practices, contributing to increased production efficiency [119] Question: Update on the impact of the federal infrastructure bill - Management noted that they are tracking bids related to the infrastructure bill and are positioned to benefit from increased demand for American-made products [123]

Earnings Conference Call 2023 Second Quarter Ended March 31, 2023 May 9, 2023 In an effort to provide investors with additional information regarding the Company's results as determined by accounting principles generally accepted in the United States ("GAAP"), the Company also provides non-GAAP information that management believes is useful to investors. These non-GAAP measures have limitations as analytical tools, and securities analysts, investors and other interested parties should not consider any of th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-32892 MUELLER WATER PRODUCTS, INC. (Exact name of registrant as specified in its charter) Delaware 20-3547095 (State or other jurisdiction of (I.R.S. Employer incorporation or ...

Non-GAAP Financial Measures The Company presents net debt and net debt leverage as performance measures because management uses them to evaluate its capital management and its financial position, and the investment community commonly uses them as measures of indebtedness. The Company presents free cash flow to assist management and investors in analyzing the Company's ability to generate liquidity from its operating activities. Forward-Looking Statements Forward-looking statements do not guarantee future pe ...