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Mueller Water Products(MWA) - 2021 Q2 - Quarterly Report
2021-05-03 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 March 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) Identi ...
Mueller Water Products (MWA) Presents At Pump, Valve & Water Systems Virtual Symposium - Slideshow
2021-03-05 15:42
Where Intelligence Meets Infrastructure® Gabelli Annual Pump, Valve & Water Systems Symposium February 25, 2021 NON-GAAP Financial Measures In an effort to provide investors with additional information regarding the Company's results as determined under 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 the ...
Mueller Water Products(MWA) - 2021 Q1 - Earnings Call Presentation
2021-02-05 20:36
Where Intelligence Meets Infrastructure® Earnings Conference Call For The First Quarter Ended December 31, 2020 February 4, 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 under GAAP, the Company also provides non-GAAP information that management believes is useful to investors. These non-GAAP measur ...
Mueller Water Products(MWA) - 2021 Q1 - Earnings Call Transcript
2021-02-04 22:20
Mueller Water Products, Inc. (NYSE:MWA) Q1 2021 Earnings Conference Call February 4, 2021 11:00 AM ET Company Participants Whit Kincaid - Senior Director, IR and Corporate Development John Hall - President, CEO & Director Marietta Zakas - EVP & CFO Conference Call Participants Bryan Blair - Oppenheimer Deane Dray - RBC Capital Markets Robert Jamieson - Cowen and Company Operator Welcome, and thank you for standing by. [Operator Instructions]. Today's call is being recorded. If you have any objection, you ma ...
Mueller Water Products(MWA) - 2021 Q1 - Quarterly Report
2021-02-03 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, 2020 ☐ 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. 1200 Abernathy Road N.E Suite 1200 Atlanta, GA 30328 (Address of principal executive offices) (770) 206-4200 (Registrant's telephone numbe ...
Mueller Water Products(MWA) - 2020 Q4 - Annual Report
2020-11-18 22:35
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, 2020 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. (Exact Name of Registrant as Specified in Its Charter) Suite 1200 Atlanta, GA 30328 (Address of Principal Executive Offices) Registrant's tel ...
Mueller Water Products(MWA) - 2020 Q4 - Earnings Call Transcript
2020-11-10 20:31
Financial Data and Key Metrics Changes - Consolidated net sales for Q4 2020 were $265.3 million, a decrease of $1.6 million or 0.6% compared to the prior year, primarily due to reduced shipment volumes related to the pandemic [17] - Gross profit increased by $5.1 million or 5.7% to $93.9 million, with a gross margin of 35.4%, reflecting a 210 basis point increase versus the prior year [18] - Adjusted EBITDA for Q4 was $57.6 million, an increase of $700,000 or 1.2%, leading to an adjusted EBITDA margin of 21.7%, which is 40 basis points better than the prior year [23] Business Line Data and Key Metrics Changes - Infrastructure net sales were $242.5 million, increasing 15.5% sequentially and 3.3% year-over-year, driven by increased shipment volumes and higher pricing [24] - Technologies net sales were $22.8 million, increasing 22.7% sequentially but decreasing 29.2% year-over-year, primarily due to lower volumes related to the pandemic [26] - Adjusted operating loss for technologies was $2.5 million compared to an adjusted operating income of $800,000 in the prior year [27] Market Data and Key Metrics Changes - Municipal customers increased their activity levels, prioritizing critical network maintenance and existing infrastructure projects, although project-related areas remain challenged due to budget adjustments from the pandemic [33][34] - The residential construction market showed strength with a double-digit increase in housing starts, primarily for single-family residences, expected to continue outperforming due to low mortgage rates and elevated demand levels [35] Company Strategy and Development Direction - The company aims to become an innovative leader in the water infrastructure industry, focusing on new product development, particularly digitally enabled products [14][36] - Significant capital investments are planned, with $80 million to $90 million expected for fiscal 2021, primarily for ongoing large capital projects [39] - The company is committed to operational excellence and modernizing manufacturing facilities, with three transformational projects expected to drive approximately $30 million of annualized incremental gross profit [38] Management's Comments on Operating Environment and Future Outlook - The management expressed confidence in navigating the ongoing challenges posed by the pandemic, emphasizing the importance of maintaining employee safety and delivering exceptional products [42] - For fiscal 2021, the company anticipates consolidated net sales to be flat to 3% higher than the prior year, with adjusted EBITDA expected to increase between 4% and 7% [41] - The management highlighted the resilience of the break-fix portion of municipal budgets, which is expected to remain stable despite challenges in project-related areas [34] Other Important Information - The company ended the fiscal year with $209 million in cash and cash equivalents, and a net debt leverage ratio of 1.3 times, indicating a strong balance sheet with ample liquidity [30][31] - The company plans to return cash to shareholders primarily through quarterly dividends, which were recently increased by 5% [13] Q&A Session Summary Question: What is behind the delays in projects and approvals? - Management indicated that delays are primarily due to COVID-related access issues and budgetary uncertainties among municipalities, leading to postponed decisions on projects [50][51] Question: How is the dialogue with utilities regarding new digital offerings? - Management noted that COVID has accelerated the adoption of digital solutions, with utilities recognizing the need for automation in their networks to manage aging infrastructure [52][53] Question: What visibility does the company have into residential lot development? - Management stated that visibility is mixed, with some insights from large home builders, but overall, the residential construction market remains strong [61][62] Question: What are the expectations for municipal budgets next year? - Management expects municipal CapEx to be down slightly year-over-year, with unplanned OpEx continuing to grow due to increased emergency response needs [81] Question: What impact is expected on the single-family housing market if a vaccine is available? - Management believes that the preference for single-family homes will continue to strengthen, driven by demographic trends and the pandemic's impact on living preferences [82] Question: What is the company's approach to pricing and cost expectations for 2021? - Management anticipates continued benefits from pricing, while also facing inflationary pressures on raw material costs, aiming to balance the price-cost ratio [88][89]
Mueller Water Products(MWA) - 2020 Q4 - Earnings Call Presentation
2020-11-10 18:06
Where Intelligence Meets Infrastructure® Earnings Conference Call For The Fourth Quarter and Year Ended September 30, 2020 November 10, 2020 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 under GAAP, the Company also provides non-GAAP information that management believes is useful to investors. These non ...
Mueller Water Products(MWA) - 2020 Q3 - Quarterly Report
2020-08-06 20:02
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, 2020 ☐ 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 ...
Mueller Water Products(MWA) - 2020 Q2 - Quarterly Report
2020-05-05 20:56
☐ 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) 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, 2020 Delaware 20-3547095 (State or other jurisdiction of (I.R.S. Employer incorporation or ...