Mueller Water Products, INC. 10-Q Filing

Ticker: MWA · Form: 10-Q · Filed: May 7, 2024 · CIK: 1350593

Mueller Water Products, INC. 10-Q Filing Summary
FieldDetail
CompanyMueller Water Products, INC. (MWA)
Form Type10-Q
Filed DateMay 7, 2024
Pages16
Reading Time19 min
Key Dollar Amounts$0.01 M
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 10-Q filing submitted by Mueller Water Products, INC. (ticker: MWA) to the SEC on May 7, 2024.

What are the key financial figures in this filing?

Key dollar amounts include: $0.01 M (ich registered Common stock, par value $0.01 MWA New York Stock Exchange Indicate b).

How long is this filing?

Mueller Water Products, INC.'s 10-Q filing is 16 pages with approximately 4,766 words. Estimated reading time is 19 minutes.

Where can I view the full 10-Q filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,766 words · 19 min read · ~16 pages · Grade level 7.8 · Accepted 2024-05-07 15:08:23

Key Financial Figures

Filing Documents

Financial Statements

Financial Statements Unaudited Condensed Consolidated Balance Sheets - March 31, 2024 and September 30, 2023 3 Unaudited Condensed Consolidated Statements of Operations - Three and Six Months Ended March 31, 202 4 and 202 3 4 Unaudited Condensed Consolidated Statements of Comprehensive Income - Three and Six Months Ended March 31, 202 4 and 202 3 5 Unaudited Condensed Consolidated Statements of Stockholders' Equity - Three and Six Months Ended March 31, 202 4 and 202 3 6 Unaudited Condensed Consolidated Statements of Cash Flows - S ix Months Ended March 31, 202 4 and 202 3 7 Notes to the Unaudited Condensed Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 4.

Controls and Procedures

Controls and Procedures 34 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 35 Item 1A.

Risk Factors

Risk Factors 35 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35 Item 5. Other Information 35 Item 6. Exhibits 36

Signatures

Signatures 36 2 Table of Contents PART I

FINANCIAL STATEMENTS

Item 1. FINANCIAL STATEMENTS MUELLER WATER PRODUCTS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) March 31, September 30, 2024 2023 (in millions, except share amounts) Assets: Cash and cash equivalents $ 179.2 $ 160.3 Receivables, net of allowance for credit losses of $ 8.4 million and $ 7.3 million 229.7 217.1 Inventories, net 307.3 297.9 Other current assets 32.4 31.5 Total current assets 748.6 706.8 Property, plant and equipment, net 309.1 311.7 Intangible assets, net 322.3 334.0 Goodwill, net 97.0 93.7 Other noncurrent assets 62.4 58.8 Total assets $ 1,539.4 $ 1,505.0 Liabilities and stockholders' equity: Current portion of long-term debt $ 0.7 $ 0.7 Accounts payable 96.7 102.9 Other current liabilities 114.9 115.2 Total current liabilities 212.3 218.8 Long-term debt 448.0 446.7 Deferred income taxes 64.7 73.8 Other noncurrent liabilities 59.9 54.2 Total liabilities 784.9 793.5 Commitments and contingencies (Note 10.) Preferred stock: par value $ 0.01 per share; 60,000,000 shares authorized; none outstanding at March 31, 2024, and September 30, 2023 — — Common stock: par value $ 0.01 per share; 600,000,000 shares authorized; 155,681,228 and 155,871,932 shares outstanding at March 31, 2024, and September 30, 2023, respectively 1.6 1.6 Additional paid-in capital 1,214.7 1,240.4 Accumulated deficit ( 423.2 ) ( 481.8 ) Accumulated other comprehensive loss ( 38.6 ) ( 48.7 ) Total stockholders' equity 754.5 711.5 Total liabilities and stockholders' equity $ 1,539.4 $ 1,505.0 The accompanying notes are an integral part of the condensed consolidated financial statements. 3 Table of Contents MUELLER WATER PRODUCTS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three months ended Six months ended March 31, March 31, 2024 2023 2024 2023 (in millions, except per share amounts) Net sales $ 353.4 $ 332.9 $ 609.8 $ 647.7 Cost of sales 223.0 235.1 393.1 456.

View Full Filing

View this 10-Q filing on SEC EDGAR

View on Read The Filing