☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 December 31, 2025 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 ...

Financial Data and Key Metrics Changes - The company reported consolidated net sales of $318.2 million, a 4.6% increase compared to the previous year [11] - Gross profit increased by 16.3% to $119.8 million, with gross margin expanding by 380 basis points to 37.6% [11] - Adjusted EBITDA reached a record $72.1 million, up 13.5% year-over-year, with adjusted EBITDA margin expanding by 180 basis points to 22.7% [13] - Free cash flow for the quarter was $44 million, representing 96% of adjusted net income [16] Business Line Data and Key Metrics Changes - WFS (Water Flow Solutions) net sales decreased by 0.9% to $173 million, while adjusted operating income increased by 28% to $49.4 million [14] - WMS (Water Management Solutions) net sales increased by 12% to $145.2 million, but adjusted operating income decreased by 11.2% to $24.5 million [15] Market Data and Key Metrics Changes - The company anticipates healthy municipal repair and replacement activity, with strong growth in project-related work using specialty valves, offsetting slower new residential construction activity [9] - The residential construction market is expected to see a high single-digit decrease, while municipal repair and replacement growth is projected in the low to mid-single-digit range [57] Company Strategy and Development Direction - The company is focused on operational execution and strengthening relationships with stakeholders, aiming for sustained margin expansion and long-term value creation [10] - Strategic capital expenditures are expected to increase capacity and drive efficiencies, particularly in domestic capabilities related to iron foundries [46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and the resilience of end markets, raising fiscal 2026 guidance based on strong first-quarter results [9][18] - The company expects to maintain a price-cost positive position for the full year, despite inflationary pressures and tariffs impacting costs [35] Other Important Information - The company has a strong balance sheet with no debt maturities until June 2029 and $623 million of total liquidity [17] - The leadership transition is structured to ensure continuity and stability, with the outgoing CEO remaining as a senior advisor [6] Q&A Session Summary Question: Can you quantify how much you guys have raised prices so far this year? - The majority of the increased growth in guidance is predominantly price-related, with the annual price increase not included in prior guidance [24] Question: Can you break down the impacts from manufacturing efficiencies and pricing on margins? - The closure of the legacy brass foundry provided significant benefits, impacting margins positively in the first quarter [25] Question: Can you size the inflation pressures? - The company expects a 3% impact from tariffs, with inflation typically in the low single-digit range [35] Question: What is the expectation for residential construction activity? - A high single-digit range of slowdown in residential construction is anticipated, but there is potential for increased land and housing activity if rates lower [36] Question: What are the next steps in the company's transformation? - The company aims to continue improving commercial and operational investments, focusing on capital expenditures to drive further capacity and efficiencies [42] Question: What is the focus for capital deployment? - The company is prioritizing acquisitions in drinking water and wastewater infrastructure, evaluating opportunities that can drive synergies with operations [45]

Mueller Water Products (NYSE:MWA) Q1 2026 Earnings call February 05, 2026 11:00 AM ET Company ParticipantsMartie Zakas - CEOMelissa Rasmussen - CFOPaul McAndrew - President and COOWhit Kincaid - Head of Investor RelationsConference Call ParticipantsBryan Blair - AnalystDeane Dray - AnalystMichael Elias - AnalystTyler Bisset - AnalystOperatorGood morning, and thank you for standing by. Your lines are in a listen-only mode until the question-and-answer session of today's conference. At that time, you may pres ...

Financial Data and Key Metrics Changes - Consolidated net sales increased by 4.6% to $318.2 million, driven primarily by higher pricing across most product lines, partially offset by slightly lower volumes [12][9] - Gross profit rose by 16.3% to $119.8 million, with gross margin expanding by 380 basis points to 37.6% [12][14] - Adjusted EBITDA reached a first-quarter record of $72.1 million, an increase of 13.5% compared to the prior year [14] - Adjusted net income per diluted share increased by 16% year-over-year to $0.29, setting another first-quarter record [14] Business Line Data and Key Metrics Changes - Water Flow Solutions (WFS) net sales decreased by 0.9% to $173 million, while adjusted operating income increased by 28% to $49.4 million [15] - Water Management Solutions (WMS) net sales increased by 12% to $145.2 million, but adjusted operating income decreased by 11.2% to $24.5 million due to increased tariffs and inflationary pressures [17] Market Data and Key Metrics Changes - The company anticipates healthy municipal repair and replacement activity and strong growth in project-related work using specialty valves, which will offset slower new residential construction activity [10][20] - A high single-digit decrease in the residential construction market is expected, while municipal repair and replacement growth is projected in the low to mid-single-digit range [55][57] Company Strategy and Development Direction - The company is focused on improving operational execution and strengthening relationships with stakeholders, aiming for sustained margin expansion and long-term value creation [11][22] - Strategic capital expenditures are expected to increase capacity and drive efficiencies, particularly in domestic capabilities related to iron foundries [46][47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and the resilience of end markets, despite challenges from tariffs and inflation [10][60] - The company raised its fiscal 2026 guidance for consolidated net sales and adjusted EBITDA, reflecting strong first-quarter results and expectations for end market demand [20][21] Other Important Information - The company generated $44 million of free cash flow and returned approximately $16 million to shareholders through dividends and share repurchases [9] - The balance sheet remains strong, with no debt maturities until June 2029 and ample liquidity to support strategic priorities [19] Q&A Session Summary Question: Can you quantify how much you guys have raised prices so far this year? - The majority of the increased growth in guidance is predominantly price-related, with annual price increases recently announced [26] Question: Can you break down the impacts from manufacturing efficiencies and pricing on margins? - The closure of the legacy brass foundry provided significant benefits, impacting margins positively [27] Question: Can you size for us the inflation pressures? - The company expects to be price positive for the full year, with approximately a 3% impact from tariffs factored into guidance [36][37] Question: What is the expectation for residential construction activity? - A high single-digit range of slowdown in residential construction is anticipated, but there is potential for increased activity if rates lower [38] Question: Can you provide more color on Mueller's transformation and growth prospects? - The company has improved commercial and operational investments, with further capital expenditures planned to drive capacity and efficiencies [43][44] Question: What are the priorities for capital deployment? - The company is focused on evaluating acquisition opportunities, particularly in drinking water and wastewater sectors [46] Question: Can you run through your exposures in repair and replace contributions? - The company expects resilient end markets, with growth in municipal repair and replacement offsetting declines in residential construction [55][57]

Where Intelligence Meets Infrastructure® 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 these non-GAAP measures in isolation or ...

Mueller Water Products (MWA) reported $318.2 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 4.6%. EPS of $0.29 for the same period compares to $0.25 a year ago.The reported revenue represents a surprise of +3.7% over the Zacks Consensus Estimate of $306.85 million. With the consensus EPS estimate being $0.27, the EPS surprise was +8.74%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare t ...

MUELLER WATER PRODUCTS REPORTS 2026 FIRST QUARTER RESULTS Increased Net Sales 4.6% to $318.2 Million Reported Net Income per Diluted Share of $0.27 Achieved Adjusted Net Income per Diluted Share of $0.29 Raises Annual Guidance for Fiscal 2026 Net Sales and Adjusted EBITDA ATLANTA, February 4, 2026 - Mueller Water Products, Inc. (NYSE: MWA), a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America, announced financial resul ...

Increased Net Sales 4.6% to $318.2 Million Reported Net Income per Diluted Share of $0.27 Achieved Adjusted Net Income per Diluted Share of $0.29 Raises Annual Guidance for Fiscal 2026 Net Sales and Adjusted EBITDA ATLANTA, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA), a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America, announced financial results for its fiscal 2026 first quarter ended ...

Key Takeaways KMT is expected to benefit from aerospace, defense and energy demand, with Q4 EPS seen up 40% year over year.MWA may deliver a Q1 earnings beat on solid demand for valves, hydrants & repair units, aided by efficiencies.TRMB is projected to gain from recurring revenue growth and strong adoption across AECO and Field Systems.The Zacks Industrial Products sector kicked off the fourth quarter of 2025 earnings season last week. In the quarter, the sector is anticipated to have benefited from streng ...

GREENWICH, Conn., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, will host its 36th Annual Pump, Valve, & Water Systems Symposium at Convene 530 Fifth Avenue in New York, NY on Thursday, February 26th, 2026. The event will feature discussions with leading companies and organizations across the industrial landscape, with an emphasis on critical infrastructure, aerospace and defense, machine tools, and the oil and gas industry. Attendees will also have the opportunity to meet with management in a one-o ...