Company: MWA
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001350593-25-000012
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Company: Mueller Water Products, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part II, Item 1A
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Item 1A.      RISK FACTORS

In addition to the other information set forth in this report, you should carefully consider the factors discussed in PART I, “Item 1A.  RISK FACTORS” in our 2024 Annual Report on Form 10-K, each of which could materially affect our business, financial condition or operating results.  These described risks are not the only risks facing us.  Additional risks and uncertainties not known to us or that we deem to be immaterial also may materially adversely affect our business, financial condition or operating results.

Item 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table presents the number and average price of shares purchased in each fiscal month of the first quarter of fiscal 2025:

PeriodTotal number of shares purchasedAverage price paid per shareTotal number of shares purchased as part of publicly announced plans or programs (1)(2)Maximum dollar value of shares that may yet be purchased under the plans or programs      (in millions)October 1-31, 2024133 $21.37 — $80.0 November 1-30, 202441,884 25.13 — 80.0 December 1-31, 2024114,043 25.58 — $80.0 Total156,060 $25.45 — 

(1)In 2015, we announced the authorization of a stock repurchase program for up to $50.0 million of our common stock.  The program does not commit us to a particular timing or quantity of purchases, and we may suspend or discontinue the program at any time.  In 2017, we announced an increase to the authorized amount of this program to $250.0 million.

(2)During the three months ended December 31, 2024, we repurchased no shares of our common stock pursuant to our share repurchase authorization, and we had $80.0 million remaining under this authorization as of December 31, 2024.  During the three months ended December 31, 2024, 156,060 shares were surrendered to us to pay the tax withholding obligations of participants in connection with the vesting of equity awards.

Item 5.      OTHER INFORMATION

(c) Our Section 16 officers and directors, as defined in Rule 16a-1(f)