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 ...

• Net cash used in operating activities for Q1 FY2023 was $6.5M compared with net cash provided by operating activities of $19.8M in prior year − Decrease was primarily due to an increase in inventories • New Residential Construction End Market − Total housing starts were down 15.6% y/y during first quarter with around a 1.4M seasonally adjusted annual rate in December 2022 − Expect construction activity to pick up in the Spring relative to first quarter, which is typical seasonality of core products − For ...

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, 2022 ☐ 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 | Title of eac ...

Mueller Water Products, Inc. (NYSE:MWA) Q4 2022 Earnings Conference Call November 8, 2022 9:00 AM ET Company Participants Whit Kincaid - Senior Director, IR and Corporate Development John Hall - President, CEO & Director Martie Zakas - EVP & CFO Conference Call Participants Miguel De Jesus - Goldman Sachs Deane Dray - RBC Capital Markets Joe Giordano - Cowen Bryan Blair - Oppenheimer Brent Thielman - D.A. Davidson & Co. Operator Welcome, and thank you for standing by. [Operator Instructions]. And now I'll t ...

Where Intelligence Meets Infrastructure® Earnings Conference Call For The Fourth Quarter and Year Ended September 30, 2022 November 8, 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 informat ...

Where Intelligence Meets Infrastructure® Investor Presentation August & September, 2022 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 management believes is useful to investors. These non-GAAP measures have limitations as analytical tools, and securities analysts, investors and other interested ...

Mueller Water Products, Inc. (NYSE:MWA) Q3 2022 Earnings Conference Call August 5, 2022 9:00 AM ET Company Participants Whit Kincaid - VP of IR Scott Hall - President and CEO Martie Zakas - CFO Conference Call Participants Bryan Blair - Oppenheimer Deane Dray - RBC Capital Markets Joe Giordano - Cowen Walter Liptak - Seaport John Ramirez - D.A. Davidson Operator Thank you for standing by, and welcome to the Third Quarter 2022 Investor Relations Conference Call. [Operator Instructions] As a reminder, today's ...

Where Intelligence Meets Infrastructure® Earnings Conference Call For The Third Quarter Ended June 30, 2022 August 5, 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 manageme ...

Financial Performance - Net sales for the three months ended June 30, 2022, increased by $22.7 million or 7.3% to $333.2 million compared to $310.5 million in the prior year, primarily due to higher pricing across most product lines [118]. - Gross profit for the same period decreased by $7.1 million or 6.7% to $98.3 million, with a gross margin of 29.5%, down from 33.9% in the prior year, attributed to unfavorable manufacturing performance and inflation [119]. - Selling, general and administrative expenses (SG&A) rose by $2.0 million to $60.8 million, representing 18.2% of net sales, compared to 18.9% in the prior year [120]. - Net sales for the nine months ended June 30, 2022 increased by $100.6 million or 12.3% to $916.0 million compared to $815.4 million in the prior year, driven by higher pricing and increased shipment volumes [134]. - Gross profit for the nine months ended June 30, 2022 rose by $6.5 million to $278.7 million, with a gross margin of 30.4%, down from 33.4% in the prior year due to inflation and supply chain disruptions [135]. - SG&A expenses increased by $12.9 million to $175.1 million, representing 19.1% of net sales, compared to 19.9% in the prior year [136]. Segment Performance - Water Flow Solutions net sales increased by $18.9 million or 10.7% to $195.9 million, while gross profit decreased by $0.4 million or 0.7% to $60.8 million, with a gross margin of 31.0% [125][126]. - Water Management Solutions net sales rose by $3.8 million or 2.8% to $137.3 million, with gross profit declining to $37.5 million and a gross margin of 27.3% [128][129]. - Water Flow Solutions segment net sales increased by $81.8 million or 18.1% to $534.7 million, with a gross margin of 31.8% [141][142]. - Water Management Solutions segment net sales increased by $18.8 million or 5.2% to $381.3 million, but gross profit decreased by $11.0 million or 9.2% to $108.8 million [144][145]. Challenges and Expectations - The company expects continued challenges in the operating environment for fiscal year 2022 due to inflation, labor availability, and global supply chain disruptions [111]. Management and Structural Changes - A new management structure was announced effective October 1, 2021, aimed at increasing revenue growth and enhancing profitability through better alignment of products and services [114]. Financial Charges and Expenses - The company recorded a $4.5 million warranty charge in the three months ended June 30, 2022, impacting the gross profit of the Water Management Solutions segment [129]. - Interest expense, net decreased by $2.6 million to $4.2 million due to refinancing efforts, resulting in lower interest costs [122]. - Interest expense, net decreased by $6.0 million to $13.0 million due to refinancing of senior notes [138]. Capital and Cash Management - Capital expenditures for the nine months ended June 30, 2022 were $36.7 million, down from $46.1 million in the prior year, with guidance for fiscal year 2022 set between $50.0 million and $55.0 million [152]. - Cash and cash equivalents were $154.9 million at June 30, 2022, with an additional $160.7 million of borrowing capacity under the ABL Agreement [148]. - A quarterly dividend of $0.058 per share was declared, resulting in an estimated cash outlay of $9.1 million [149]. Debt and Credit Facilities - The ABL Agreement includes a $175.0 million revolving credit facility, with the potential to increase by an additional $150.0 million under certain conditions [155]. - As of June 30, 2022, excess availability under the ABL Agreement was $160.7 million, reduced by $14.1 million of outstanding letters of credit and $0.2 million of accrued fees and expenses [159]. - The company has $450.0 million of 4.0% Senior Unsecured Notes maturing on June 15, 2029, with cash interest payments of $18.9 million in 2022 and $18.0 million annually thereafter [166]. - The company incurred a $16.7 million loss on extinguishment of the 5.5% Senior Notes, which included a $12.4 million call premium and a $4.3 million write-off of deferred debt issuance costs [163]. - The company has purchase obligations for raw materials and other parts of approximately $163.1 million expected to incur during the next 12 months [166]. - The corporate credit rating as of June 30, 2022, was Ba1 from Moody's and BB from Standard & Poor's, both with a stable outlook [165]. - The ABL Agreement is secured by a first-priority perfected lien on all U.S. inventories, accounts receivable, and certain cash [158]. - The company capitalized $5.5 million of financing costs related to the 4.0% Senior Notes, amortized over the term using the effective interest method [160]. - The ABL Agreement terminates on July 29, 2025, with a commitment fee for unused borrowing capacity of 37.5 basis points per annum [159]. - The company had $14.1 million of letters of credit and $33.1 million of surety bonds outstanding as of June 30, 2022 [168]. Seasonal Business Trends - The business is seasonal, with net sales and operating income historically lowest in the three-month periods ending December 31 and March 31 due to weather conditions [169].

Where Intelligence Meets Infrastructure® Earnings Conference Call For The Second Quarter Ended March 31, 2022 May 3, 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 managemen ...