Company: MWA
Filing Date: 2025-11-19
Form Type: 10-K
Source: 0001350593-25-000066
Chunk: 309

Company: Mueller Water Products, Inc.
Filing Date: 2025-11-19
Form: 10-K
Item: Item 7
Chunk 309
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 2024 

 Year ended September 30, 2025 Water FlowSolutionsWaterManagementSolutionsCorporateConsolidated (in millions)Net sales$824.9 $604.8 $— $1,429.7 Gross profit296.3 220.4 — 516.7 Operating expenses:Selling, general and administrative90.3 96.9 60.1 247.3 Strategic reorganization and other charges1.0 0.7 7.1 8.8 Total operating expenses91.3 97.6 67.2 256.1 Operating income (loss)$205.0 $122.8 $(67.2)260.6 Pension benefit other than service(0.2)Interest expense, net6.6 Income before income taxes254.2 Income tax expense62.5 Net income$191.7  Year ended September 30, 2024Water FlowSolutionsWaterManagementSolutionsCorporateConsolidated (in millions)Net sales$755.5 $559.2 $— $1,314.7 Gross profit271.9 187.1 — 459.0 Operating expenses:Selling, general and administrative92.5 95.0 57.7 245.2 Strategic reorganization and other charges0.2 1.8 13.8 15.8 Goodwill impairment— 16.3 — 16.3 Total operating expenses92.7 113.1 71.5 277.3 Operating income (loss)$179.2 $74.0 $(71.5)181.7 Pension expense other than service4.0 Interest expense, net12.7 Other expense1.6 Income before income taxes163.4 Income tax expense47.5 Net income$115.9 

Consolidated Analysis

Net sales for 2025 were $1,429.7 million as compared with $1,314.7 million in the prior year, an increase of $115.0 million or 8.7%, primarily as a result of higher sales volumes and higher prices across most product lines.  

Gross profit for 2025 was $516.7 million as compared with $459.0 million in the prior year, an increase of $57