Company: MWA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001350593-25-000029
Chunk: 141

Company: Mueller Water Products, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 141
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 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.   

28

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 4.1 Total operating expenses42.7 40.3 30.7 113.7 Operating income (loss)$89.4 $58.6 $(30.7)117.3 Non-operating expenses:Pension benefit other than service(0.1)Interest expense, net3.9 Income before income taxes113.5 Income tax expense26.9 Net income$86.6  Six months ended March 31, 2024 Water Flow SolutionsWater Management SolutionsCorporateTotal (in millions)Net sales$347.1 $262.7 $— $609.8 Gross profit$123.8 $92.9 $— $216.7 Operating expenses:Selling, general and administrative43.8 48.8 28.0 120.6 Strategic reorganization and other charges0.2 — 9.6 9.8 Total operating expenses44.0 48