Core Viewpoint - Mueller Water Products, Inc. will participate in the Baird 2025 Global Industrial Conference, highlighting its role in the water transmission and distribution industry [1]. Company Overview - Mueller Water Products, Inc. is a leading manufacturer and marketer of products and solutions for water transmission, distribution, and measurement in North America [3]. - The company's product portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software for critical water system data [3]. - The company aims to help municipalities enhance operational efficiencies, improve customer service, and prioritize capital spending, positioning itself as a key player in the water infrastructure sector [3]. Event Details - The management team will present at the Baird 2025 Global Industrial Conference on November 11, 2025, at 10:50 a.m. local time [1]. - The presentation will be available via webcast and archived for approximately 90 days on the company's Investor Relations webpage [2].

Core Insights - Mueller Water Products, Inc. reported a strong financial performance for the fourth quarter and fiscal year ended September 30, 2025, with significant increases in net sales, net income, and adjusted EBITDA, reflecting operational excellence and effective market strategies [1][3][4]. Financial Performance - Net sales for the fourth quarter increased by 9.4% to $380.8 million compared to $348.2 million in the prior year quarter [2][5]. - For the fiscal year, net sales rose by 8.7% to $1,429.7 million from $1,314.7 million in the previous year [2]. - The company reported operating income of $69.6 million for the fourth quarter, a substantial increase from $28.4 million in the prior year quarter [2][8]. - Adjusted operating income for the fourth quarter increased by 39.6% to $78.9 million compared to $56.5 million in the prior year quarter [2][9]. - Net income for the fourth quarter surged to $52.6 million, up from $10.0 million in the prior year quarter, resulting in a net income margin of 13.8% [2][10]. - Adjusted net income for the fourth quarter increased by 76.1% to $59.7 million compared to $33.9 million in the prior year quarter [2][10]. - Adjusted EBITDA for the fourth quarter was $91.8 million, reflecting a 26.6% increase from $72.5 million in the prior year quarter [2][11]. Operational Efficiency - Gross profit for the fourth quarter increased by 26.2% to $140.0 million, driven by manufacturing efficiencies and volume growth [6]. - The gross margin improved by 500 basis points to 36.8% compared to 31.8% in the prior year quarter [6]. - Selling, general and administrative expenses rose by 5.7% to $66.7 million, primarily due to higher personnel costs and inflationary pressures [7]. Segment Performance - In the Water Flow Solutions segment, net sales increased by 8.6% to $217.5 million, driven by higher volumes and pricing [13]. - The Water Management Solutions segment saw net sales rise by 10.4% to $163.3 million, attributed to increased volumes of hydrants and repair products [16]. Cash Flow and Shareholder Returns - The company generated net cash provided by operating activities of $219.3 million for the fiscal year, although this was a decrease from $238.8 million in the prior year [21]. - Free cash flow for the fiscal year was $172.0 million, down from $191.4 million in the previous year [22]. - Mueller Water Products returned $56.9 million to shareholders through dividends and stock repurchases [2]. Future Outlook - The company anticipates fiscal 2026 consolidated net sales to be between $1,450 million and $1,470 million, representing an increase of 1.4% to 2.8% compared to the prior year [24]. - Adjusted EBITDA for fiscal 2026 is expected to be between $345 million and $350 million, indicating a growth of 5.8% to 7.3% compared to the previous year [25].

Core Insights - Mueller Water Products, Inc. will release its financial results for Q4 and the full year ending September 30, 2025, after U.S. markets close on November 6, 2025 [1] - A conference call to discuss the earnings and business results is scheduled for November 7, 2025, at 10:00 a.m. ET, with a webcast available for interested parties [1] Company Overview - Mueller Water Products, Inc. is a leading manufacturer and marketer of products and solutions for water transmission, distribution, and measurement in North America [2] - The company's product portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software for critical water system data [2] - The company aims to help municipalities enhance operational efficiencies, improve customer service, and prioritize capital spending, positioning itself as a key player in the water infrastructure sector [2]

Core Viewpoint - Mueller Water Products, Inc. will participate in the RBC Capital Markets Global Industrials Conference on September 17, 2025, to engage with investors [1]. Company Overview - Mueller Water Products, Inc. is a leading manufacturer and marketer of products and solutions for the transmission, distribution, and measurement of water in North America [3]. - The company's product portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software for critical water system data [3]. - The company aims to help municipalities enhance operational efficiencies, improve customer service, and prioritize capital spending, positioning itself as "Where Intelligence Meets Infrastructure" [3]. Investor Relations - The presentation related to the conference will be available on the Events and Presentations webpage under Investor Relations on the company's website [2].

Financial Data and Key Metrics Changes - In Q2 2025, the company reported $1 billion in orders, a 16% increase overall and a 13% increase organically, driven by strong performance across all businesses and acquisitions [7] - Quarterly revenue exceeded $970 million, reflecting a 7% total increase and a 4% organic increase, with all segments contributing [7][22] - Operating income grew more than twice the organic sales growth rate, and operating margin expanded over 100 basis points, excluding M&A impacts [7][13] - Adjusted EPS grew by 10% year-over-year, or 16% when excluding the impact of the WorldVerlin divestiture [7][25] - Free cash flow reached $214 million year-to-date, with a free cash flow margin of 14% in Q2 [7][26] Business Line Data and Key Metrics Changes - Industrial Process (IP) orders grew by 22%, with notable strength in Gulps Pumps and Svanohoi, where orders exceeded their full year 2024 revenue in the first half of 2025 [9][12] - Connect and Control (CCT) saw a 9% organic growth driven by Defense and Commercial Aerospace, with total orders increasing by 36% [10][22] - Motion Technologies (MT) reported a 7% organic growth, outperforming global auto production by over 500 basis points [24][12] - Overall, the company achieved a book-to-bill ratio of 1.1, resulting in an ending backlog of nearly $2 billion, up 34% year-over-year [12] Market Data and Key Metrics Changes - The automotive market showed a production increase of 2.6% in Q2, with expectations for the full year to be flat or slightly positive at around 90 million vehicles produced [41] - The company outperformed in all regions, including significant gains in China, Europe, and North America [42] Company Strategy and Development Direction - The company focuses on organic growth and margin expansion, complemented by strategic M&A activities [6][15] - The long-term financial targets include over 5% organic revenue growth and approximately 10% total growth annually, with margins expected to reach 23% by 2030 [20] - The company is actively pursuing acquisition targets, particularly in the $200 million to $400 million revenue range, to enhance its market position [76] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong performance and raised the full-year adjusted EPS outlook to $6.45, reflecting a 10% growth compared to the previous year [15][30] - The company anticipates continued growth in the Project business, firm demand in Aerospace and Defense, and outperformance in Friction OE and Rail for the second half of the year [29] - Management noted that the economic environment remains less volatile, contributing to improved visibility for the second half of 2025 [29] Other Important Information - The company repurchased $500 million of its shares year-to-date, reducing the weighted average share count by 3% [8][26] - The company expects to deliver close to $500 million in free cash flow for the year, supported by strong operating income and improved working capital management [30] Q&A Session Summary Question: Thoughts on capital equipment and project hesitancy - Management noted strong order performance with only minor shifts in timing, indicating a healthy market environment [37][39] Question: Auto landscape outlook - The company expects flat or slightly positive production for the year, with significant outperformance across all regions and powertrains [41][42] Question: CCT orders growth and market share - CCT orders grew significantly, driven by defense and aerospace, with strong share gains noted [51][52] Question: FX impact on Motion Technologies margins - The depreciation of the dollar against the euro has created transaction impacts affecting margins, but overall performance remains strong [54] Question: Performance of Svanahoy - Svanahoy is expected to grow orders by over 20% for the full year, with strong execution and product differentiation driving success [62] Question: Pricing actions and tariff exposure - The company has reduced its tariff exposure estimate for 2025 and is implementing pricing actions to mitigate impacts [115][117] Question: M&A environment and deal activity - The company sees a fragmented market with opportunities for further acquisitions, particularly in flow-related sectors [120][121]

Financial Performance & Targets - ITT's organic revenue grew at a CAGR of 9% from 2021 to 2024[16], surpassing the committed target of 5-7%[25] - Adjusted EPS grew at a CAGR of 13% from 2021 to 2024[16], exceeding the committed target of 10%+[25] - The company's average ROIC was 15%[16] - ITT aims for >5% CAGR in base business revenue growth and ~10% CAGR in total revenue growth including M&A[77] - The company projects adjusted EPS to be >$11 from the base business and >$12 with M&A by 2030[77] Business Segment Overview (2024) - Industrial Process generated $14 billion in revenue, representing 37% of total revenue[14] - Motion Technologies generated $14 billion in revenue, representing 37% of total revenue[14] - Connect & Control Technologies generated $09 billion in revenue, representing 26% of total revenue[14] M&A Strategy - ITT expects to deploy $500 million to $700 million annually for acquisitions[56] - The company targets acquisitions with HSD to LDD growth and gross margins between 30% and 40%[58] - ITT seeks acquisitions that can achieve a ROIC of >10% between year 3 and 5 and an IRR of ~15%[58]