Company: MWA
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001350593-25-000043
Chunk: 8

Company: Mueller Water Products, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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The accompanying notes are an integral part of the condensed consolidated financial statements.3

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MUELLER WATER PRODUCTS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

 Three months endedNine months endedJune 30,June 30, 2025202420252024(in millions, except per share amounts)Net sales$380.3 $356.7 $1,048.9 $966.5 Cost of sales234.6 225.3 672.2 618.4 Gross profit145.7 131.4 376.7 348.1 Operating expenses:Selling, general and administrative71.0 61.5 180.6 182.1 Strategic reorganization and other charges1.0 2.9 5.1 12.7 Total operating expenses72.0 64.4 185.7 194.8 Operating income73.7 67.0 191.0 153.3 Other expenses:Pension expense (benefit) other than service— 1.0 (0.1)3.0 Interest expense, net1.7 2.8 5.6 9.7 Other expense— — — 1.6 Total other expenses, net1.7 3.8 5.5 14.3 Income before income taxes72.0 63.2 185.5 139.0 Income tax expense19.5 15.9 46.4 33.1 Net income$52.5 $47.3 $139.1 $105.9 Net income per basic share$0.34 $0.30 $0.89 $0.68 Net income per diluted share$0.33 $0.30 $0.88 $0.68 Weighted average shares outstanding:Basic156.5 155.7 156.5 155.9 Diluted157.4 156.7 157.5 156.6 Dividends declared per share$0.067 $0.064 $0.201 $0.192 

The accompanying notes are an integral part of the condensed consolidated financial statements.4

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