Company: MWA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001350593-25-000029
Chunk: 41

Company: Mueller Water Products, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 Solutions

Net sales for the three months ended March 31, 2025 were $148.1 million as compared with $147.6 million in the prior year period, an increase of $0.5 million or 0.3%, primarily as a result of higher pricing across most product lines, partially offset by lower volumes primarily in natural gas distribution products.

Gross profit for the three months ended March 31, 2025 was $51.0 million as compared with $53.2 million in the prior year period, a decrease of $2.2 million or 4.1%.  The decrease was primarily a result of manufacturing inefficiencies partially offset by favorable price/cost.  Inflation impacted Gross profit by approximately 2%.  Gross margin was 34.4% in the three months ended March 31, 2025 as compared with 36.0% in the prior year period.

SG&A for the three months ended March 31, 2025 was $19.6 million as compared with $24.2 million in the prior year period, a decrease of $4.6 million or 19.0%, primarily due to lower amortization, favorable foreign exchange impacts and lower travel expenses, partially offset by approximately 4% inflation.  SG&A as a percentage of net sales was 13.2% and 16.4% in the three months ended March 31, 2025 and 2024, respectively.

Corporate

SG&A for the three months ended March 31, 2025 was $14.2 million as compared with $14.9 million in the prior year period, a decrease of $0.7 million or 4.7%, primarily as a result of lower compensation as well as consulting and professional fees partially offset by approximately 3% inflation.   

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Six months ended March 31, 2025 Compared to Six months ended March 31, 2024

 Six months ended March 31, 2025 Water Flow SolutionsWater Management SolutionsCorporate  Total     (in millions)Net sales$390.8 $277.8 $— $668.6 Gross profit$132.1 $98.9 $— $231.0 Operating expenses:Selling, general and administrative41.7 39.9 28.0 109.6 Strategic reorganization and other charges1.0 0.4 2.7 4