Mueller Water Products(MWA)
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Mueller Water Products(MWA) - 2022 Q2 - Quarterly Report
2022-05-02 16:00
PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The unaudited condensed consolidated financial statements for the period ended March 31, 2022, show increased net sales and income, a slight decrease in total assets due to lower cash, and a significant decrease in operating cash flow primarily from increased inventories and changes in current liabilities [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2022, total assets slightly decreased to $1,511.5 million, driven by lower cash and cash equivalents, partially offset by increased inventories, while total liabilities decreased and stockholders' equity rose Condensed Consolidated Balance Sheet Highlights (in millions) | Account | March 31, 2022 | September 30, 2021 | Change | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | $164.1 | $227.5 | ($63.4) | | Inventories, net | $229.2 | $184.7 | $44.5 | | Total current assets | $647.1 | $653.7 | ($6.6) | | Total assets | $1,511.5 | $1,518.0 | ($6.5) | | Total current liabilities | $201.5 | $220.1 | ($18.6) | | Long-term debt | $446.1 | $445.9 | $0.2 | | Total liabilities | $805.4 | $823.1 | ($17.7) | | Total stockholders' equity | $706.1 | $694.9 | $11.2 | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the three and six months ended March 31, 2022, net sales and net income increased significantly year-over-year, with Q2 net sales reaching $310.5 million and six-month net sales at $582.8 million Statements of Operations Summary (in millions, except per share data) | Metric | Q2 2022 | Q2 2021 | YoY Change | H1 2022 | H1 2021 | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Net sales | $310.5 | $267.5 | +16.1% | $582.8 | $504.9 | +15.4% | | Gross profit | $92.8 | $88.4 | +5.0% | $180.4 | $166.8 | +8.2% | | Operating income | $34.2 | $33.4 | +2.4% | $63.1 | $61.2 | +3.1% | | Net income | $23.6 | $20.9 | +12.9% | $43.0 | $37.6 | +14.4% | | Diluted EPS | $0.15 | $0.13 | +15.4% | $0.27 | $0.24 | +12.5% | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended March 31, 2022, net cash from operations significantly decreased to $0.8 million, primarily due to increased inventories and other current liabilities, while investing and financing activities used $25.8 million and $39.1 million respectively Cash Flow Summary - Six Months Ended March 31 (in millions) | Activity | 2022 | 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $0.8 | $63.2 | | Net cash used in investing activities | ($25.8) | ($30.8) | | Net cash used in financing activities | ($39.1) | ($14.5) | | Net change in cash and cash equivalents | ($63.4) | $19.3 | - The sharp decline in operating cash flow was mainly driven by a significant increase in **inventory ($47.5 million use of cash)** and payments of **other current liabilities ($36.0 million use of cash)**[20](index=20&type=chunk) [Notes to the Unaudited Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20the%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The notes detail the company's new segment structure, borrowing arrangements including $450.0 million in Senior Notes, segment performance with Water Flow Solutions showing stronger growth, and disclosures on environmental and other contingencies - Effective October 1, 2021, the company reorganized into two new reportable segments: **Water Flow Solutions** (iron gate valves, specialty valves, service brass) and **Water Management Solutions** (fire hydrants, repair, metering, leak detection)[23](index=23&type=chunk)[87](index=87&type=chunk) Segment Net Sales - Six Months Ended March 31 (in millions) | Segment | 2022 | 2021 | YoY Change | | :--- | :--- | :--- | :--- | | Water Flow Solutions | $338.8 | $275.9 | +22.8% | | Water Management Solutions | $244.0 | $229.0 | +6.6% | | **Total** | **$582.8** | **$504.9** | **+15.4%** | - The company's long-term debt primarily consists of **$450.0 million of 4.0% Senior Unsecured Notes due in 2029**[58](index=58&type=chunk)[63](index=63&type=chunk) - On April 22, 2022, the Board of Directors declared a quarterly dividend of **$0.058 per share**[103](index=103&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes Q2 2022 sales growth to pricing and volume, but gross margin declined due to inflation and manufacturing issues, with expectations of continued challenges despite strong liquidity [Results of Operations](index=24&type=section&id=Results%20of%20Operations) Q2 2022 consolidated net sales increased 16.1% driven by both segments, though gross margin compressed to 29.9% due to cost pressures, with similar trends observed for the six-month period - Q2 2022 net sales increased **16.1% to $310.5 million**, primarily due to higher pricing and increased shipment volumes[114](index=114&type=chunk) - Q2 2022 gross margin declined to **29.9% from 33.0%** in the prior year, impacted by inflation and unfavorable manufacturing performance which offset the benefits of higher pricing[117](index=117&type=chunk) Segment Net Sales Growth - Q2 2022 vs Q2 2021 | Segment | Q2 2022 Sales (M) | Q2 2021 Sales (M) | YoY Growth | | :--- | :--- | :--- | :--- | | Water Flow Solutions | $183.9 | $147.1 | 25.0% | | Water Management Solutions | $126.6 | $120.4 | 5.1% | [Liquidity and Capital Resources](index=30&type=section&id=Liquidity%20and%20Capital%20Resources) As of March 31, 2022, the company maintained strong liquidity with $164.1 million in cash and $160.1 million in borrowing capacity, having repurchased $20.0 million in stock and paid $18.3 million in dividends, with projected capital expenditures of $70.0-$75.0 million for fiscal year 2022 - The company maintains a strong liquidity position with **$164.1 million in cash** and **$160.1 million of additional borrowing capacity** at the end of the quarter[146](index=146&type=chunk) - In the six months ended March 31, 2022, the company repurchased **$20.0 million of its common stock**, with **$115.0 million remaining** under its share repurchase authorization[147](index=147&type=chunk) - Capital expenditures are projected to be between **$70.0 million and $75.0 million** for fiscal year 2022[150](index=150&type=chunk) [Controls and Procedures](index=32&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of March 31, 2022, with no material changes to internal control over financial reporting identified - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were **effective** as of the end of the period covered by this report[170](index=170&type=chunk)[171](index=171&type=chunk) - There were **no changes in internal control over financial reporting** during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[168](index=168&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=35&type=section&id=Item%201.%20Legal%20Proceedings) The company refers to Note 12 of the condensed consolidated financial statements for details on legal proceedings - For details on legal proceedings, the report directs readers to **Note 12 in Part I, Item 1**[175](index=175&type=chunk) [Risk Factors](index=35&type=section&id=Item%201A.%20Risk%20Factors) No new risk factors are disclosed in this report, with investors directed to the comprehensive risk factors section of the most recent Annual Report on Form 10-K - The report refers to the **'Risk Factors' section in the company's Annual Report on Form 10-K** for a comprehensive discussion of potential risks[176](index=176&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=35&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the six months ended March 31, 2022, the company repurchased 1,408,274 shares for $20.0 million, with $115.0 million remaining under the share repurchase authorization Share Repurchase Activity - Six Months Ended March 31, 2022 | Metric | Value | | :--- | :--- | | Total Shares Repurchased | 1,408,274 | | Total Cost | $20.0 million | | Remaining Authorization | $115.0 million | [Exhibits](index=35&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL-formatted financial data - The exhibits filed with this report include **CEO and CFO certifications** pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act[179](index=179&type=chunk)
Mueller Water Products(MWA) - 2022 Q1 - Earnings Call Presentation
2022-02-05 00:14
Where Intelligence Meets Infrastructure® Earnings Conference Call For The First Quarter Ended December 31, 2021 February 4, 2022 These slides are not intended to be a stand-alone presentation, but are for use in conjunction with the earnings call NON-GAAP Financial Measures 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 ma ...
Mueller Water Products(MWA) - 2022 Q1 - Earnings Call Transcript
2022-02-04 18:52
Mueller Water Products, Inc. (NYSE:MWA) Q1 2022 Earnings Conference Call February 4, 2022 9:00 AM ET Company Participants Scott Hall – President and Chief Executive Officer Martie Zakas – Chief Financial Officer Whit Kincaid – Vice President of Investor Relations Conference Call Participants Deane Dray – RBC Capital Markets Bryan Blair – Oppenheimer Brent Thielman – D.A. Davidson Walter Liptak – Seaport Michael Anastasiou – Cowen Unidentified Analyst – Goldman Sachs Andrew Buscaglia – Berngiler Operator Wel ...
Mueller Water Products(MWA) - 2022 Q1 - Quarterly Report
2022-02-03 16:00
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, 2021 ☐ 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) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Ide ...
Mueller Water Products(MWA) - 2021 Q4 - Annual Report
2021-11-18 16:00
PART I [Business Overview](index=4&type=section&id=Item%201.%20BUSINESS) Mueller Water Products, Inc. is a leading North American manufacturer of water infrastructure products, operating through Infrastructure and Technologies segments, with fiscal 2021 net sales of $1,111.0 million - The company operates through two primary business segments: Infrastructure and Technologies[18] - Recent strategic acquisitions include Krausz Industries in 2018 to bolster the Infrastructure segment and i2O Water Ltd in 2021 to enhance the Technologies segment's pressure management solutions[19][21] [Business Strategy](index=5&type=section&id=Business%20Strategy) The company's strategy focuses on accelerating new product development, implementing intelligent technology, driving operational excellence, modernizing facilities, and pursuing strategic acquisitions - Key strategic pillars include accelerating new product development, developing an integrated intelligent technology platform (Sentryx), driving operational excellence, modernizing manufacturing facilities, and seeking strategic acquisitions[24][25][26] - The company is making significant capital investments to modernize manufacturing, including a new brass foundry in Decatur, IL (production in late 2022) and expanding capabilities at its new facility in Kimball, TN[27] [Description of Products and Services](index=5&type=section&id=Description%20of%20Products%20and%20Services) The company offers a wide range of water infrastructure products, including valves, hydrants, metering systems, and leak detection solutions across its Infrastructure and Technologies segments Infrastructure Gross Sales by Product (2019-2021) | Product Line | 2021 Gross Sales (in millions) | 2020 Gross Sales (in millions) | 2019 Gross Sales (in millions) | | :--- | :--- | :--- | :--- | | Water and Gas Valves | $681.1 | $583.2 | $576.4 | | Fire Hydrants | $236.7 | $201.4 | $199.7 | - The Technologies segment's water metering products and systems accounted for **78% of its net sales** in fiscal 2021, down slightly from 79% in 2020 and 81% in 2019[41] [Sales, Marketing and Distribution](index=9&type=section&id=Sales%2C%20Marketing%20and%20Distribution) The company primarily sells through non-exclusive distributors, with significant customer concentration in both its Infrastructure and Technologies segments - The Infrastructure segment's two largest distributors accounted for approximately **38% of its gross sales** in fiscal 2021, representing a significant customer concentration[57] - The Technologies segment's five largest customers accounted for approximately **48% of its gross sales** in fiscal 2021[58] [Backlog](index=11&type=section&id=Backlog) The company's total backlog doubled at the end of fiscal 2021, primarily driven by a substantial increase in the Infrastructure segment's orders Backlog by Segment (as of September 30) | Segment | 2021 (in millions) | 2020 (in millions) | | :--- | :--- | :--- | | Infrastructure | $391.2 | $147.6 | | Technologies | $49.0 | $72.8 | | **Total Backlog** | **$440.2** | **$220.4** | [Competition](index=11&type=section&id=Competition) The company faces strong competition in its mature valve and hydrant markets and from larger players in the water metering systems market, while the leak detection market is highly fragmented - Principal competitors for fire hydrants and iron gate valves include McWane, Inc. and American Cast Iron Pipe Company[62] - In the water metering market, key competitors are Sensus, Itron, Inc., Neptune Technology Group Inc., Badger Meter, Inc., and Master Meter, Inc[65] [Human Capital](index=14&type=section&id=Human%20Capital) As of September 30, 2021, Mueller Water Products employed approximately 3,400 people, with a significant portion of its hourly workforce covered by collective bargaining agreements, and emphasizes diversity in its Board of Directors - As of September 30, 2021, the company employed approximately **3,400 people**, with **66% of its hourly workforce** represented by collective bargaining agreements[81] - The Board of Directors' composition as of September 30, 2021, included **27% women** and **36% minorities**[78] [Risk Factors](index=17&type=section&id=Item%201A.%20RISK%20FACTORS) The company faces various risks including dependence on municipal spending, intense competition, customer concentration, supply chain disruptions, cybersecurity threats, and the ongoing impact of the COVID-19 pandemic - A significant portion of the business depends on municipal spending for water infrastructure repair and replacement, as well as new residential construction, making it sensitive to economic conditions, interest rates, and government funding levels[88][93] - The company faces concentration risk, with a small group of key distributors and customers accounting for a significant portion of sales in both the Infrastructure and Technologies segments[94] - Operational risks include reliance on single-source suppliers, potential disruptions in the supply chain, interruptions at key manufacturing facilities, and cybersecurity threats to information technology systems and technology-enabled products[113][115][120] - The COVID-19 pandemic continues to pose risks, including potential plant closures, supply chain disruptions, cost increases, and labor availability challenges, with the full impact remaining uncertain[146] [Properties](index=29&type=section&id=Item%202.%20PROPERTIES) The company operates numerous manufacturing, distribution, R&D, and administrative facilities primarily in the United States, with key manufacturing sites in Alabama, Tennessee, Illinois, and North Carolina, and corporate headquarters in Atlanta, GA Principal Properties Overview | Segment | Activity | Key Locations | | :--- | :--- | :--- | | Infrastructure | Manufacturing | Albertville, AL; Chattanooga, TN; Decatur, IL; Ariel, Israel | | Technologies | Manufacturing | Cleveland, NC | | Technologies | R&D | Atlanta, GA; Toronto, Ontario; Southampton, UK | | Corporate | Headquarters | Atlanta, GA | [Legal Proceedings](index=31&type=section&id=Item%203.%20LEGAL%20PROCEEDINGS) The company is involved in various legal proceedings arising from normal business operations but does not anticipate any material adverse effects on its business or prospects - The company is involved in various legal proceedings in the normal course of operations but does not believe any will have a material adverse effect on the business[156] PART II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=32&type=section&id=Item%205.%20MARKET%20FOR%20REGISTRANT%27S%20COMMON%20EQUITY%2C%20RELATED%20STOCKHOLDER%20MATTERS%20AND%20ISSUER%20PURCHASES%20OF%20EQUITY%20SECURITIES) The company's common stock trades on the NYSE under MWA, and as of September 30, 2021, $135.0 million remained authorized for future share repurchases - The company has a stock repurchase program with **$135.0 million** remaining authorization as of September 30, 2021[164] Share Repurchases (Quarter Ended Sep 30, 2021) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | July 1-31, 2021 | — | $ — | | August 1-31, 2021 | 651,271 | $15.33 | | September 1-30, 2021 | — | $ — | | **Total** | **651,271** | **$15.33** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=34&type=section&id=Item%207.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Fiscal 2021 saw consolidated net sales increase to $1,111.0 million, driven by volume and pricing, despite gross margin decline due to inflation and supply chain issues, with 2022 sales growth anticipated amid continued cost pressures - For fiscal year 2022, the company anticipates consolidated net sales will be **4% to 8% higher** than fiscal year 2021, driven by higher pricing and increased shipment volumes[176] - In 2021, the business was impacted by raw material and other cost inflation, supply chain disruptions, and labor availability challenges, which are expected to continue into 2022[172][173] [Results of Operations](index=35&type=section&id=Results%20of%20Operations) For fiscal year 2021, net sales increased 15.2% to $1,111.0 million, driven by higher volume and pricing, while gross margin declined to 32.3% due to increased manufacturing costs and inflation Consolidated Results of Operations (FY 2021 vs. FY 2020) | Metric (in millions) | 2021 | 2020 | | :--- | :--- | :--- | | Net Sales | $1,111.0 | $964.1 | | Gross Profit | $358.5 | $328.2 | | Operating Income | $131.7 | $116.8 | | Net Income | $70.4 | $72.0 | - Consolidated net sales for 2021 increased **15.2% year-over-year**, driven by higher shipment volume and pricing[178] - Gross margin decreased to **32.3% in 2021** from **34.0% in 2020**, primarily due to higher manufacturing costs from inflation, higher labor costs, and a $2.4 million inventory write-off[179] [Financial Condition](index=38&type=section&id=Financial%20Condition) As of September 30, 2021, the company's financial position strengthened with $227.5 million in cash, increased receivables and inventories due to higher sales, and stable total outstanding debt Key Balance Sheet Items (as of September 30) | Account (in millions) | 2021 | 2020 | | :--- | :--- | :--- | | Cash and cash equivalents | $227.5 | $208.9 | | Receivables, net | $212.2 | $180.8 | | Inventories, net | $184.7 | $162.5 | | Property, plant and equipment, net | $283.4 | $253.8 | | Total outstanding debt | $446.9 | $447.6 | [Liquidity and Capital Resources](index=40&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained strong liquidity in fiscal 2021 with $227.5 million in cash and $158.7 million in borrowing capacity, while increasing capital expenditures for facility modernization and refinancing debt - At September 30, 2021, the company had cash and cash equivalents of **$227.5 million** and approximately **$158.7 million** of additional borrowing capacity under its ABL Agreement[200] - Capital expenditures are estimated to be between **$70 million and $80 million** for fiscal 2022, an increase from **$62.7 million in 2021**, to support facility modernization and expansion[202] - The company refinanced its debt by issuing **$450.0 million of 4.0% Senior Notes** and redeeming its **5.5% Senior Notes**, incurring a **$16.7 million loss** on early extinguishment of debt[212][215] [Quantitative and Qualitative Disclosure About Market Risk](index=45&type=section&id=Item%207A.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURE%20ABOUT%20MARKET%20RISK) The company is exposed to market risks primarily from commodity price fluctuations for raw materials like brass ingot and scrap steel, which saw significant cost increases in 2021, and foreign currency exchange rates due to international operations - The company is exposed to commodity price risk for raw materials such as brass ingot, scrap steel, sand, and resin[239] - In fiscal 2021, the average cost per ton of scrap steel increased by **33%** and the average cost of brass ingot increased by **35%** compared to 2020[240] [Controls and Procedures](index=47&type=section&id=Item%209A.%20CONTROLS%20AND%20PROCEDURES) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures and internal control over financial reporting were effective as of September 30, 2021 - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of September 30, 2021[245] - Management concluded that the company's internal control over financial reporting was effective as of September 30, 2021, based on the COSO framework[249] PART III [Directors, Executive Officers and Corporate Governance](index=48&type=section&id=Item%2010.%20DIRECTORS%2C%20EXECUTIVE%20OFFICERS%20AND%20CORPORATE%20GOVERNANCE) This section details the names, ages, and positions of the company's executive officers and directors as of September 30, 2021, including biographies for key personnel - Scott Hall serves as the President and Chief Executive Officer, and Marietta Edmunds Zakas serves as the Executive Vice President and Chief Financial Officer[255][257] [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=51&type=section&id=Item%2012.%20SECURITY%20OWNERSHIP%20OF%20CERTAIN%20BENEFICIAL%20OWNERS%20AND%20MANAGEMENT%20AND%20RELATED%20STOCKHOLDER%20MATTERS) This section provides information on securities authorized for issuance under the company's equity compensation plans, with 8,060,093 securities available for future issuance as of September 30, 2021 Equity Compensation Plan Information (as of Sep 30, 2021) | Plan Name | Securities to be Issued Upon Exercise | Weighted Avg. Exercise Price | Securities Remaining for Future Issuance | | :--- | :--- | :--- | :--- | | 2006 Stock Incentive Plan | 2,195,769 | $10.67 | 5,806,070 | | Employee Stock Purchase Plan (ESPP) | 33,381 | — | 2,254,023 | | **Total** | **2,229,150** | | **8,060,093** | PART IV [Exhibits and Financial Statement Schedules](index=53&type=section&id=Item%2015.%20EXHIBITS%20AND%20FINANCIAL%20STATEMENT%20SCHEDULES) This section lists the financial statements, financial statement schedules, and exhibits filed as part of the Annual Report on Form 10-K, including an index to the consolidated financial statements and various material contracts - This section provides an index to the audited consolidated financial statements, including the balance sheets, statements of operations, comprehensive income, stockholders' equity, and cash flows[288]
Mueller Water Products(MWA) - 2021 Q4 - Earnings Call Transcript
2021-11-09 18:23
Mueller Water Products Inc. (NYSE:MWA) Q4 2021 Earnings Conference Call November 9, 2021 9:00 AM ET Company Participants Whit Kincaid - Head of IR Scott Hall - President and CEO Martie Zakas - CFO Conference Call Participants Bryan Blair - Oppenheimer Deane Dray - RBC Capital Markets Joe Giordano - Cowen Walt Liptak - Seaport Zane Karimi - D.A. Davidson Operator Welcome, and thank you for standing by. At this time, all participants are in a listen-only mode until the question and answer session of today’s c ...
Mueller Water Products(MWA) - 2021 Q3 - Earnings Call Transcript
2021-08-08 19:30
Mueller Water Products, Inc. (NYSE:MWA) Q3 2021 Earnings Conference Call August 5, 2021 11:00 AM ET Company Participants Whit Kincaid - Investor Relations Scott Hall - President and Chief Executive Officer Martie Zakas - Chief Financial Officer Conference Call Participants Deane Dray - RBC Capital Markets Bryan Blair - Oppenheimer Robert Jamieson - Cowen & Company Operator Welcome and thank you for standing by. Today’s call is being recorded. If you have any objections, you may disconnect at this time. [Ope ...
Mueller Water Products(MWA) - 2021 Q2 - Earnings Call Presentation
2021-08-06 19:48
Where Intelligence Meets Infrastructure® Earnings Conference Call For The Third Quarter Ended June 30, 2021 August 5, 2021 These slides are not intended to be a stand-alone presentation, but are for use in conjunction with the earnings call NON-GAAP Financial Measures 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 manageme ...
Mueller Water Products(MWA) - 2021 Q3 - Quarterly Report
2021-08-04 16:00
☒ QUARTERLY 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 ☐ 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 incorporation or organization) Identification No.) (State or other jurisdiction of (I.R.S. Employer 1200 Abernat ...
Mueller Water Products(MWA) - 2021 Q2 - Earnings Call Transcript
2021-05-04 18:50
Mueller Water Products, Inc. (NYSE:MWA) Q2 2021 Earnings Conference Call May 4, 2021 9:00 AM ET Company Participants Whit Kincaid - Senior Director, Investor Relations and Corporate Development Scott Hall - President and CEO Martie Zakas - CFO Conference Call Participants Brian Lee - Goldman Sachs Ryan Connors - Boenning & Scattergood Deane Dray - RBC Capital Markets Francisco Javier Amador - Cowen Walter Liptak - Seaport Operator Welcome and thank you for standing by. Your lines have been placed on a liste ...