Mueller Water Products

NYSE:MWA

United States / Industrials / Machinery

Overview

News

10Y Historical Financials

Stock Price

25.70 USD


Key Metrics	Latest
Total Revenue	1.363 B
Adjusted EBITDA	288.8 M
EBITDA Margin	21.2%
Net Profit Margin	11.5%
Total Assets	1.619 B
Total Debt	477.2 M

10Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending										Latest
(in millions)	Sep-15	Sep-16	Sep-17	Sep-18	Sep-19	Sep-20	Sep-21	Sep-22	Sep-23	Sep-24	12 Months

Revenue	793	801	826	916	968	964	1,111	1,247	1,276	1,315	1,363
% Growth		0.9%	3.2%	10.9%	5.7%	-0.4%	15.2%	12.3%	2.3%	3.1%

Adjusted EBITDA	141	131	140	153	188	187	202	187	194	273	289
% Margin	17.7%	16.3%	17.0%	16.6%	19.4%	19.4%	18.2%	15.0%	15.2%	20.8%	21.2%

Adjusted EBIT	99	93	101	112	138	133	145	130	134	210	231
% Margin	12.5%	11.6%	12.2%	12.2%	14.2%	13.8%	13.1%	10.4%	10.5%	16.0%	16.9%

Adjusted Net Income	68	64	123	102	90	82	90	87	93	140	157
% Margin	8.6%	8.0%	14.9%	11.1%	9.3%	8.5%	8.1%	7.0%	7.3%	10.6%	11.5%

Adjusted Basic EPS	0.43	0.40	0.77	0.64	0.57	0.52	0.57	0.55	0.60	0.90	1.01

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
											Original
USD	Fiscal Year Ending										Latest
(in millions)	Sep-15	Sep-16	Sep-17	Sep-18	Sep-19	Sep-20	Sep-21	Sep-22	Sep-23	Sep-24	Dec-24
	FY - 9	FY - 8	FY - 7	FY - 6	FY - 5	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM

Revenue	793	801	826	916	968	964	1,111	1,247	1,276	1,315	1,363
% Growth	NA	0.9%	3.2%	10.9%	5.7%	-0.4%	15.2%	12.3%	2.3%	3.1%

Cost of Revenue	(547)	(532)	(558)	(626)	(647)	(636)	(750)	(883)	(896)	(856)	(887)
Gross Profit	246	269	268	290	321	328	361	364	380	459	476
% Revenue	31.0%	33.6%	32.4%	31.6%	33.2%	34.0%	32.5%	29.2%	29.7%	34.9%	34.9%

Research and Development	(14)	(12)	(15)	(15)	(18)	(18)	(20)	(27)	(29)	(23)	(23)
Selling and Marketing	(4)	(4)	(5)	(7)	(7)	(3)	(3)	(6)	(5)	(6)	(6)
General and Admin	(143)	(165)	(152)	(161)	(176)	(177)	(212)	(205)	(215)	(223)	(219)
Other Inc / (Exp)	(38)	5	4	9	(18)	(10)	(7)	(11)	(7)	(31)	(25)
Total Operating Exp	(198)	(176)	(167)	(173)	(219)	(209)	(243)	(249)	(256)	(283)	(272)

Operating Income	48	93	101	117	102	120	118	116	124	176	203
% Revenue	6.1%	11.6%	12.2%	12.7%	10.5%	12.4%	10.6%	9.3%	9.7%	13.4%	14.9%

Interest Expense	(28)	(24)	(22)	(21)	(20)	(26)	(23)	(17)	(15)	(13)	(11)
Pre-tax Income	21	69	79	96	82	94	95	99	109	163	192
Earnings of Discontinued Ops.	18	19	69	0	0	0	0	0	0	0	0
Provision for Taxes	(8)	(24)	(24)	10	(18)	(22)	(25)	(22)	(24)	(48)	(55)
Net Income to Company	31	64	123	106	64	72	70	77	86	116	137
% Margin	3.9%	8.0%	14.9%	11.5%	6.6%	7.5%	6.3%	6.1%	6.7%	8.8%	10.0%

Minority Interest in Earnings	0	0	0	0	0	0	0	0	0	0	0
Net Income to Stockholders	31	64	123	106	64	72	70	77	86	116	137

Preferred Dividends	0	0	0	0	0	0	0	0	0	0	0
Other Adj.	(18)	(19)	(69)	0	0	0	0	0	0	0	0

Net Income to Common	13	45	54	106	64	72	70	77	86	116	137
% Margin	1.6%	5.6%	6.6%	11.5%	6.6%	7.5%	6.3%	6.1%	6.7%	8.8%	10.0%

As Reported
Basic EPS (Continuing Ops)	0.08	0.28	0.34	0.67	0.40	0.46	0.44	0.49	0.55	0.74	0.88
Diluted EPS (Continuing Ops)	0.08	0.28	0.34	0.66	0.40	0.45	0.44	0.48	0.55	0.74	0.87

WA Basic Shares Out.	160.50	161.30	160.10	158.20	157.80	157.80	158.40	157.40	156.30	155.90	156.20
WA Diluted Shares Out.	163.20	163.40	161.80	159.70	159.00	158.60	159.20	158.00	156.80	156.90	157.70

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	21	69	79	96	82	94	95	99	109	163	192
Addback: Net Interest Expense	28	24	22	21	20	26	23	17	15	13	11
Addback: Other Non Operating Expenses, Total	0	0	0	0	(0)	0	0	0	0	2	0
Addback: Depreciation & Amortization	42	38	40	41	50	55	56	58	60	64	58
Addback: Restructuring Charges	7	0	0	0	0	0	6	0	0	0	(5)
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	7	0	16	16
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	0	(9)	(2)	0	0	0	0	0	0
Addback: Asset Writedown	0	0	0	0	0	0	0	0	0	2	2
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	43	0	0	4	38	13	22	7	10	14	14
Adjusted EBITDA	141	131	140	153	188	187	202	187	194	273	289
% Margin	17.7%	16.3%	17.0%	16.6%	19.4%	19.4%	18.2%	15.0%	15.2%	20.8%	21.2%

Adjusted EBIT	99	93	101	112	138	133	145	130	134	210	231
% Margin	12.5%	11.6%	12.2%	12.2%	14.2%	13.8%	13.1%	10.4%	10.5%	16.0%	16.9%

Adjusted Net Income Reconciliation
Net Income to Company	31	64	123	106	64	72	70	77	86	116	137
Addback: Unusual Items	51	0	0	(5)	36	13	27	14	10	32	27
Less: Tax Benefit of Unusual Items (26%)	(13)	0	0	1	(9)	(3)	(7)	(4)	(3)	(8)	(7)
Adjusted Net Income	68	64	123	102	90	82	90	87	93	140	157
% Margin	8.6%	8.0%	14.9%	11.1%	9.3%	8.5%	8.1%	7.0%	7.3%	10.6%	11.5%

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Mueller Water Products

NYSE:MWA

United States / Industrials / Machinery

10Y Historical Financials