10-K · November 19, 2025
Mueller Water Products reported fiscal 2025 consolidated net sales of $1,429.7 million with Water Flow Solutions contributing $824.9 million (≈58%) and Water Management Solutions $604.8 million (≈42%). The company is…
Earnings analysis · 10-Q
MWA earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Mueller Water Products achieved Q2 2026 revenues of $384.4 million, exceeding estimates and marking a 5.5% year-over-year increase. The company also reported an adjusted EPS of $0.40, reflecting strong operational…
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Mueller Water Products achieved Q2 2026 revenues of $384.4 million, exceeding estimates and marking a 5.5% year-over-year increase. The company also reported an adjusted EPS of $0.40, reflecting strong operational performance despite challenges posed by tariffs and inflation.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.4
What stood out
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Strong Revenue Growth
Revenue increased by $20.1 million, or 5.5%, compared to the prior year, primarily driven by higher pricing and increased volumes.
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Gross Margin Improvement
Gross margin rose significantly to 37.6%, up from 35.1% in the prior year, contributing to a gross profit increase of $16.5 million.
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EPS Beat
Reported EPS was $0.40, surpassing the estimated EPS of $0.37 and reflecting a strong operational turnaround.
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Reduced Interest Expense
Net interest expense for the quarter fell to $1.6 million, down 30.4% from the prior year, mainly due to higher interest income.
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Segment Performance Resilient
Water Management Solutions saw net sales rise by 12.2% year-over-year, showcasing effective pricing strategies and increased volumes.
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Strengthened Cash Position
Cash and cash equivalents amounted to $421 million, bolstered by strong operational cash flows, indicating a healthy liquidity position.
What to watch
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Ongoing Impact of Tariffs
Imposition of Section 232 tariffs has pressured costs, with main impacts seen on repair products imported from Israel.
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Supply Chain Challenges
Geopolitical factors have led to logistical challenges and supply chain disruptions, affecting overall operational efficiency.
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Inflationary Pressures
Inflation of approximately 4% during the period has negatively impacted manufacturing costs and margins.
Management's outlook
Fiscal year 2026 consolidated net sales expected to increase between 2.8% and 4.2% from fiscal 2025.
Earlier filings 4
10-Q · August 5, 2025
Mueller reported a stronger quarter: revenue of $380.3 million (+$23.6M vs. prior year quarter $356.7M and +$16.3M vs. prior quarter $364.0M), expanding gross margin to 38.3% and operating margin to 19.4%. Net income…
10-Q · May 6, 2025
Mueller Water Products reported quarter net sales of $364.3 million (vs. $353.4M a year ago) and diluted EPS of $0.33 (vs. $0.28). Operating income improved to $69.9 million from $63.5 million year-over-year despite a…
10-Q · August 6, 2024
Mueller Water Products reported quarter net sales of $356.7 million and diluted EPS of $0.30 for the three months ended June 30, 2024. Margins and profitability improved materially versus the prior-year quarter (gross…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.