Company: MWA
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001350593-25-000043
Chunk: 141

Company: Mueller Water Products, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 141
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.1 $(16.9)73.7 Non-operating expenses:Interest expense, net1.7 Income before income taxes72.0 Income tax expense19.5 Net income$52.5  Three months ended June 30, 2024  Water Flow SolutionsWater Management SolutionsCorporateTotal (in millions)Net sales$208.1 $148.6 $— $356.7 Gross profit$81.9 $49.5 $— $131.4 Operating expenses:Selling, general and administrative24.1 22.6 14.8 61.5 Strategic reorganization and other charges— 1.4 1.5 2.9 Total operating expenses24.1 24.0 16.3 64.4 Operating income (loss)$57.8 $25.5 $(16.3)67.0 Non-operating expenses:Pension expense other than service1.0 Interest expense, net2.8 Income before income taxes63.2 Income tax expense15.9 Net income$47.3 

Consolidated Analysis

Net sales for the three months ended June 30, 2025 were $380.3 million as compared with $356.7 million in the prior year period, an increase of $23.6 million or 6.6%, primarily as a result of increased volumes and higher pricing across most product lines.

27

Gross profit for the three months ended June 30, 2025 was $145.7 million as compared with $131.4 million in the prior year period, an increase of $14.3 million or 10.9%, primarily as a result of manufacturing efficiencies and higher volumes.  Gross profit was negatively impacted by approximately 7% due to inflation and increased tariffs.  As a result, gross margin was 38.3% in the three months ended June 30, 2025 as compared with 36.8% in the prior year period.

Selling, general and administrative expenses (“SG&A”) for the three months ended June 30, 2025 were $71.0 million as compared with $61.5 million in the prior year period, an increase of $9.5 million or 15.4%, primarily due to $9.1 million unfavorable foreign currency fluctuation primarily resulting from the depreciation of the U.S.