Mueller Water Products (MWA) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for Mueller Water Products.

Analyst Coverage

Research analysts who have asked questions during Mueller Water Products earnings calls.

Deane Dray

RBC Capital Markets

6 questions for MWA

Also covers: AME, ATKR, CARR +21 more

Bryan Blair

Oppenheimer

4 questions for MWA

Also covers: AOS, CSL, DCI +12 more

Joseph Giordano

TD Cowen

4 questions for MWA

Also covers: ABLZF, AME, APH +21 more

Brian Lee

Goldman Sachs Group, Inc.

3 questions for MWA

Also covers: ARRY, AYI, CCJ +19 more

Walter Liptak

Seaport Research Partners

3 questions for MWA

Also covers: CMCO, FELE, FSS +12 more

Michael Elias

TD Cowen

2 questions for MWA

Also covers: DBRG, DLR, EQIX +3 more

Michael Halloran

Baird

2 questions for MWA

Also covers: AOS, CXT, DOV +19 more

Tyler Bisset

Goldman Sachs

2 questions for MWA

Also covers: HASI, JKS, OKLO +3 more

Mike Helen

Robert W. Baird & Co.

1 question for MWA

Pez Saini

Robert W. Baird & Co.

1 question for MWA

Also covers: HAYW, ZWS

Latest news

Recent press releases and 8-K filings for MWA.

Mueller Water Products Reports Record Q1 2026 Results and Raises Full-Year Guidance

MWA

Earnings

Guidance Update

Management Change

Mueller Water Products reported record Q1 2026 results, with consolidated net sales increasing 4.6% to $318.2 million and Adjusted EBITDA reaching $72.1 million, up 13.5% year-over-year.
The company raised its full-year FY 2026 guidance, now expecting net sales growth between 2.8% and 4.2% and Adjusted EBITDA in the range of $355 million to $360 million.
Performance was driven by higher pricing and manufacturing efficiencies, particularly from the closure of a legacy brass foundry, which more than offset higher tariffs and inflationary pressures.
The outlook anticipates healthy municipal repair and replacement activity and strong growth in specialty valves to offset a projected high single-digit decrease in residential construction.
Martie Zakas is stepping down as CEO, with Paul McAndrew, President and COO, taking over.

1 day ago

Transcript

Mueller Water Products Reports Record Q1 2026 Results and Raises Full-Year Guidance

MWA

Earnings

Guidance Update

Share Buyback

Mueller Water Products (MWA) reported record first-quarter results for fiscal year 2026, with consolidated net sales increasing by 4.6% to $318.2 million and adjusted net income per diluted share rising by 16% to $0.29.
Adjusted EBITDA reached a first-quarter record of $72.1 million, up 13.5% year-over-year, with gross margin expanding 380 basis points to 37.6% due to higher pricing and manufacturing efficiencies.
The company raised its full-year fiscal 2026 guidance, now expecting consolidated net sales growth between 2.8% and 4.2% and Adjusted EBITDA in the range of $355 million to $360 million, primarily driven by strong Q1 performance and recent price actions.
MWA generated $44 million in free cash flow during Q1 2026, investing $17 million in capital expenditures and returning $16 million to shareholders through dividends and share repurchases, maintaining a strong liquidity position with $460 million in cash and cash equivalents.

1 day ago

Transcript

Mueller Water Products Announces Strong Q1 2026 Results and Raises Fiscal 2026 Guidance

MWA

Earnings

Guidance Update

Revenue Acceleration/Inflection

Mueller Water Products (MWA) achieved new first-quarter records for net sales ($318.2 million), gross margin (37.6%), adjusted EBITDA ($72.1 million), and adjusted net income per diluted share ($0.29) in Q1 2026.
Net sales increased 4.6% year-over-year, primarily driven by higher pricing, while adjusted EBITDA grew 13.5% year-over-year, with margin expanding 180 basis points to 22.7%.
The company generated $44.0 million in free cash flow during the quarter.
Fiscal 2026 guidance was raised, with net sales now expected to be between $1,470 million and $1,490 million and adjusted EBITDA between $355 million and $360 million.

1 day ago

Presentation

Mueller Water Products Reports Record Q1 2026 Results and Raises Full-Year Guidance

MWA

Earnings

Guidance Update

CEO Change

Mueller Water Products (MWA) reported strong Q1 2026 results, with net sales increasing 4.6% to $318.2 million and Adjusted EBITDA growing 13.5% to a record $72.1 million.
The company raised its full-year fiscal 2026 guidance, now expecting consolidated net sales growth of 2.8% to 4.2% and Adjusted EBITDA between $355 million and $360 million, primarily driven by price increases.
Gross margin expanded 380 basis points to 37.6%, largely due to higher pricing and manufacturing efficiencies from the closure of the legacy brass foundry, despite inflationary pressures and tariffs.
The company generated $44 million in free cash flow and returned $16 million to shareholders in Q1 2026, while also announcing a CEO transition from Martie Zakas to Paul McAndrew.

1 day ago

Transcript

Mueller Water Products, Inc. Reports Strong Q1 2026 Results and Raises Fiscal 2026 Guidance

MWA

Earnings

Guidance Update

Share Buyback

Mueller Water Products, Inc. reported net sales of $318.2 million for the first quarter of fiscal 2026, an increase of 4.6% compared to the prior year quarter.
The company achieved net income per diluted share of $0.27 and adjusted net income per diluted share of $0.29 for Q1 2026.
Adjusted EBITDA increased 13.5% to $72.1 million in the first quarter of fiscal 2026.
Mueller Water Products, Inc. raised its fiscal 2026 guidance for consolidated net sales to between $1,470 million and $1,490 million and adjusted EBITDA to between $355 million and $360 million.
The company repurchased $5.5 million of common stock during the first quarter.

2 days ago

8-K

Mueller Water Products Reports Strong Fiscal Q1 2026 Results and Raises Annual Guidance

MWA

Earnings

Guidance Update

Share Buyback

Mueller Water Products reported net sales of $318.2 million for the first quarter of fiscal 2026, an increase of 4.6% compared to the prior year quarter.
The company achieved adjusted net income per diluted share of $0.29 and reported net income per diluted share of $0.27 for the first quarter ended December 31, 2025.
Adjusted EBITDA increased 13.5% to $72.1 million in Q1 2026.
Mueller Water Products raised its fiscal 2026 guidance, now expecting consolidated net sales between $1,470 million and $1,490 million and adjusted EBITDA between $355 million and $360 million.
The company generated free cash flow of $44.0 million and repurchased $5.5 million of common stock during the first quarter.

2 days ago

Press Release

Mueller Water Products Announces CEO Succession, Strong FY2025 Results, and Strategic Initiatives

MWA

CEO Change

New Projects/Investments

Share Buyback

Mueller Water Products announced a CEO succession, with Paul McAndrew, current President and COO, named as the next CEO, effective after Marty Zakas's tenure ends on February 9th.
The company reported a record-breaking fiscal year 2025 (September fiscal year-end), achieving over 8% organic net sales growth and 22.8% EBITDA. Free cash flow was approximately 84% of adjusted net income.
Strategic investments include the completion of a new brass foundry (the old one closed in January 2025) and consolidation of specialty valve manufacturing, with plans to modernize two iron foundries for increased capacity and productivity. A new "hydrant renewal" product, offering faster and cheaper hydrant replacement with optional leak detection, was also soft-launched.
Capital allocation priorities include a dividend increase for 11 consecutive years, share repurchases ($15 million in 2025, with $65 million remaining at the end of September), and a high priority on acquisitions. The company expects to benefit from cost elimination and anticipates about 100 basis points of year-over-year margin expansion at the midpoint of its 2026 guidance.

Nov 11, 2025, 4:50 PM

Transcript

Mueller Water Products Reports Record FY2025 Results and Provides FY2026 Outlook

MWA

Earnings

Guidance Update

New Projects/Investments

Mueller Water Products reported record FY2025 financial results, with net sales of $1,429.7 million and Adjusted EBITDA of $326.2 million, reflecting 5-year CAGRs of 8.2% and 11.3% respectively.
The company demonstrated strong profitability and financial health in FY2025, achieving a 22.8% Adjusted EBITDA margin and $172.0 million in Free Cash Flow, with net debt of $20.1 million and a 0.1x net debt to Adjusted EBITDA ratio as of September 30, 2025.
For FY2026, Mueller Water Products forecasts net sales between $1,450 million and $1,470 million and Adjusted EBITDA between $345 million and $350 million, targeting a 23.8% Adjusted EBITDA margin at the midpoint.
The company plans to accelerate strategic capital investments, with $60 million to $65 million allocated for capital expenditures in FY2026 to expand capacity and drive efficiencies, while also returning capital to shareholders, including $15 million in share repurchases in FY2025.

Nov 10, 2025, 10:10 PM

8-K

Mueller Water Products Reports Record FY2025 Results and Provides FY2026 Outlook

MWA

Earnings

Guidance Update

New Projects/Investments

Mueller Water Products achieved record consolidated net sales of $1,430 million and adjusted EBITDA of $326 million in FY2025, marking its second consecutive year of record results.
The company projects FY2026 net sales between $1,450 million and $1,470 million and adjusted EBITDA between $345 million and $350 million, representing year-over-year growth of 1.4% to 2.8% and 5.8% to 7.1% respectively.
As of September 30, 2025, Mueller Water Products maintained a strong balance sheet with net debt leverage at 0.1x and total liquidity of $595.2 million.
The company has a sustainability vision, having identified an estimated 7.7 billion gallons in water loss savings for clients through EchoShore® leak detection since 2020 and setting a new goal of 18 billion gallons by 2029.

Nov 10, 2025, 12:00 PM

Presentation

Mueller Reports Record Q4 and Full-Year 2025 Results, Provides 2026 Guidance, and Announces CEO Retirement

MWA

Earnings

Guidance Update

CEO Change

Mueller (MWA) delivered record-breaking performance in Q4 and full-year 2025, with Q4 net sales growth of 9.4% and FY 2025 net sales increasing 8.7% to over $1.4 billion.
For FY 2025, the company achieved record adjusted EBITDA of $326 million, a 14.6% year-over-year increase, and record adjusted net income per diluted share of $1.31, up approximately 37%.
Mueller provided fiscal year 2026 guidance, expecting consolidated net sales between $1.45 billion and $1.47 billion (representing 1.4% to 2.8% growth) and adjusted EBITDA between $345 million and $350 million (representing 5.8% to 7.3% growth).
The current CEO announced retirement effective February 9th, 2026, with Paul taking over, and will serve as a special advisor through calendar 2026 to ensure a smooth transition.
The company anticipates a slowdown in residential construction in 2026, which is expected to be offset by growth in municipal repair and replacement and project-based specialty valves.