Mueller Water Products Files Q3 2024 10-Q

TL;DR

MWA Q3 10-Q filed. Financials out.

AI Summary

Mueller Water Products, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported financial results for the third quarter and the first nine months of its fiscal year. Specific financial figures and operational details are provided within the filing.

Why It Matters

This filing provides investors with the latest financial performance and operational updates for Mueller Water Products, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.

Key Numbers

• N/A — Revenue (Specific revenue figures for the quarter and year-to-date are detailed within the full filing.)
• N/A — Net Income (Net income details for the period are available in the financial statements within the filing.)
• N/A — Earnings Per Share (EPS figures for the reported periods are provided in the financial statements.)

Key Players & Entities

• Mueller Water Products, Inc. (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 20240806 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 M — ich registered Common stock, par value $0.01 MWA New York Stock Exchange Indicate b

Filing Documents

• mwa-20240630.htm (10-Q) — 1158KB
• pmcandrewltrofemployment.htm (EX-10.1) — 1KB
• exhibit311ceo302certificat.htm (EX-31.1) — 9KB
• exhibit312cfo302certificat.htm (EX-31.2) — 9KB
• exhibit321ceo906certificat.htm (EX-32.1) — 4KB
• exhibit322cfo906certificat.htm (EX-32.2) — 4KB
• pmcandrewltrofemployment001.jpg (GRAPHIC) — 233KB
• pmcandrewltrofemployment002.jpg (GRAPHIC) — 49KB
• pmcandrewltrofemployment003.jpg (GRAPHIC) — 48KB
• 0001350593-24-000058.txt ( ) — 7023KB
• mwa-20240630.xsd (EX-101.SCH) — 34KB
• mwa-20240630_cal.xml (EX-101.CAL) — 85KB
• mwa-20240630_def.xml (EX-101.DEF) — 181KB
• mwa-20240630_lab.xml (EX-101.LAB) — 552KB
• mwa-20240630_pre.xml (EX-101.PRE) — 390KB
• mwa-20240630_htm.xml (XML) — 971KB

Financial Statements

Financial Statements Unaudited Condensed Consolidated Balance Sheets - June 30, 2024 and September 30, 2023 3 Unaudited Condensed Consolidated Statements of Operations - Three and Nine Months Ended June 30 , 2024 and 2023 4 Unaudited Condensed Consolidated Statements of Comprehensive Income - Three and Nine Months Ended June 30 , 2024 and 2023 5 Unaudited Condensed Consolidated Statements of Stockholders' Equity - Three and Nine Months Ended June 30 , 2024 and 2023 6 Unaudited Condensed Consolidated Statements of Cash Flows - Nine Months Ended June 30 , 2024 and 2023 8 Notes to the Unaudited Condensed Consolidated Financial Statements 10 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 24 Item 4.

Controls and Procedures

Controls and Procedures 35 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A.

Risk Factors

Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36 Item 5. Other Information 36 Item 6. Exhibits 37

Signatures

Signatures 37 2 Table of Contents PART I

FINANCIAL STATEMENTS

Item 1. FINANCIAL STATEMENTS MUELLER WATER PRODUCTS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) June 30, September 30, 2024 2023 (in millions, except share amounts) Assets: Cash and cash equivalents $ 243.3 $ 160.3 Receivables, net of allowance for credit losses of $ 7.9 million and $ 7.3 million 213.2 217.1 Inventories, net 293.8 297.9 Other current assets 35.2 31.5 Total current assets 785.5 706.8 Property, plant and equipment, net 309.8 311.7 Intangible assets, net 315.4 334.0 Goodwill, net 95.5 93.7 Other noncurrent assets 62.4 58.8 Total assets $ 1,568.6 $ 1,505.0 Liabilities and stockholders' equity: Current portion of long-term debt $ 0.7 $ 0.7 Accounts payable 85.7 102.9 Other current liabilities 126.0 115.2 Total current liabilities 212.4 218.8 Long-term debt 448.2 446.7 Deferred income taxes 56.0 73.8 Other noncurrent liabilities 60.4 54.2 Total liabilities 777.0 793.5 Commitments and contingencies (Note 10.) Preferred stock: par value $ 0.01 per share; 60,000,000 shares authorized; none outstanding at June 30, 2024, and September 30, 2023 — — Common stock: par value $ 0.01 per share; 600,000,000 shares authorized; 155,765,042 and 155,871,932 shares outstanding at June 30, 2024, and September 30, 2023, respectively 1.6 1.6 Additional paid-in capital 1,208.3 1,240.4 Accumulated deficit ( 375.9 ) ( 481.8 ) Accumulated other comprehensive loss ( 42.4 ) ( 48.7 ) Total stockholders' equity 791.6 711.5 Total liabilities and stockholders' equity $ 1,568.6 $ 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 Nine months ended June 30, June 30, 2024 2023 2024 2023 (in millions, except per share amounts) Net sales $ 356.7 $ 326.6 $ 966.5 $ 974.3 Cost of sales 225.3 226.5 618.4 683.2 G

View Full Filing

View this 10-Q filing on SEC EDGAR