Company: MWA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001350593-25-000029
Chunk: 38

Company: Mueller Water Products, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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Corporate  Total     (in millions)Net sales$216.2 $148.1 $— $364.3 Gross profit$77.0 $51.0 $— $128.0 Operating expenses:Selling, general and administrative21.9 19.6 14.2 55.7 Strategic reorganization and other charges1.0 0.1 1.3 2.4 Total operating expenses22.9 19.7 15.5 58.1 Operating income (loss)$54.1 $31.3 $(15.5)69.9 Non-operating expenses:Pension benefit other than service(0.1)Interest expense, net2.3 Income before income taxes67.7 Income tax expense16.4 Net income$51.3  Three months ended March 31, 2024  Water Flow SolutionsWater Management SolutionsCorporateTotal (in millions)Net sales$205.8 $147.6 $— $353.4 Gross profit$77.2 $53.2 $— $130.4 Operating expenses:Selling, general and administrative24.6 24.2 14.9 63.7 Strategic reorganization and other charges— — 3.2 3.2 Total operating expenses24.6 24.2 18.1 66.9 Operating income (loss)$52.6 $29.0 $(18.1)63.5 Non-operating expenses:Pension expense other than service1.0 Interest expense, net3.6 Income before income taxes58.9 Income tax expense14.6 Net income$44.3 

Consolidated Analysis

Net sales for the three months ended March 31, 2025 were $364.3 million as compared with $353.4 million in the prior year period, an increase of $10.9 million or 3.1%, primarily as a result of higher pricing across most product lines, as well as increased volumes.

26

Gross profit for the three months ended March 31, 2025 was $128.0 million as compared with $130.4 million in the prior year period, a decrease of $2.4 million or 1.8%, primarily as a result of manufacturing inefficiencies partially offset