Mueller Water Products Files Q4 2024 10-Q

Ticker: MWA · Form: 10-Q · Filed: Feb 5, 2025 · CIK: 1350593

Mueller Water Products, INC. 10-Q Filing Summary
FieldDetail
CompanyMueller Water Products, INC. (MWA)
Form Type10-Q
Filed DateFeb 5, 2025
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$0.01 M
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, quarterly-report, sec-filing

Related Tickers: MWA

TL;DR

MWA filed its 10-Q for Dec 31, 2024. All good on reporting.

AI Summary

Mueller Water Products, Inc. filed its quarterly report for the period ended December 31, 2024. The company is registered in Delaware and its common stock trades on the New York Stock Exchange under the ticker MWA. The filing indicates it has met all reporting requirements for the preceding 12 months and the past 90 days.

Why It Matters

This filing provides investors with an update on Mueller Water Products' financial performance and operational status for the quarter ending December 31, 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing and does not contain immediate red flags.

Key Players & Entities

FAQ

What is the primary business of Mueller Water Products, Inc.?

The filing does not explicitly state the primary business, but it is a publicly traded company (MWA) on the NYSE.

In which state was Mueller Water Products, Inc. incorporated?

Mueller Water Products, Inc. was incorporated in Delaware.

What is the trading symbol for Mueller Water Products, Inc. common stock?

The trading symbol for Mueller Water Products, Inc. common stock is MWA.

Has Mueller Water Products, Inc. filed all required reports for the preceding 12 months?

Yes, the filing indicates that Mueller Water Products, Inc. has filed all reports required by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

What is the address of Mueller Water Products, Inc.'s principal executive offices?

The address of Mueller Water Products, Inc.'s principal executive offices is 1200 Abernathy Road N.E., Suite 1200, Atlanta, GA 30328.

Filing Stats: 4,590 words · 18 min read · ~15 pages · Grade level 9.3 · Accepted 2025-02-05 15:21:29

Key Financial Figures

Filing Documents

Financial Statements

Financial Statements Unaudited Condensed Consolidated Balance Sheets - December 31, 2024 and September 30, 2024 3 Unaudited Condensed Consolidated Statements of Operations - Three Months Ended December 3 1 , 2024 and 2023 4 Unaudited Condensed Consolidated Statements of Comprehensive Income - Three Months Ended December 31 , 2024 and 2023 5 Unaudited Condensed Consolidated Statements of Stockholders' Equity - Three Months Ended December 31 , 2024 and 2023 6 Unaudited Condensed Consolidated Statements of Cash Flows - Three Months Ended December 31 , 2024 and 2023 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 30 PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 32 Item 1A.

Risk Factors

Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32 Item 5. Other Information 32 Item 6. Exhibits 33

Signatures

Signatures 33 2 Table of Contents PART I

FINANCIAL STATEMENTS

Item 1. FINANCIAL STATEMENTS MUELLER WATER PRODUCTS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) December 31, September 30, 2024 2024 (in millions, except share amounts) Assets: Cash and cash equivalents $ 338.2 $ 309.9 Receivables, net of allowance for credit losses of $ 7.9 million and $ 8.3 million 145.3 208.9 Inventories, net 317.8 301.7 Other current assets 41.4 37.9 Total current assets 842.7 858.4 Property, plant and equipment, net 320.7 318.8 Intangible assets, net 307.9 309.7 Goodwill, net 81.5 80.7 Other noncurrent assets 66.4 68.3 Total assets $ 1,619.2 $ 1,635.9 Liabilities and stockholders' equity: Current portion of long-term debt $ 0.8 $ 0.8 Accounts payable 98.9 109.9 Other current liabilities 120.6 147.3 Total current liabilities 220.3 258.0 Long-term debt 448.7 448.7 Deferred income taxes 55.1 55.4 Other noncurrent liabilities 61.0 63.7 Total liabilities 785.1 825.8 Commitments and contingencies (Note 10.) Preferred stock: par value $ 0.01 per share; 60,000,000 shares authorized; none outstanding at December 31, 2024, and September 30, 2024 — — Common stock: par value $ 0.01 per share; 600,000,000 shares authorized; 156,563,285 and 156,227,170 shares outstanding at December 31, 2024, and September 30, 2024, respectively 1.6 1.6 Additional paid-in capital 1,194.8 1,205.2 Accumulated deficit ( 330.6 ) ( 365.9 ) Accumulated other comprehensive loss ( 31.7 ) ( 30.8 ) Total stockholders' equity 834.1 810.1 Total liabilities and stockholders' equity $ 1,619.2 $ 1,635.9 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 December 31, 2024 2023 (in millions, except per share amounts) Net sales $ 304.3 $ 256.4 Cost of sales 201.3 170.1 Gross profit 103.0 86.3 Operating expenses: Sell

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