Company: MWA
Filing Date: 2025-02-05
Form Type: 10-Q
Source: 0001350593-25-000012
Chunk: 10

Company: Mueller Water Products, Inc.
Filing Date: 2025-02-05
Form: 10-Q
Item: Part I, Item 1
Chunk 10
---

The accompanying notes are an integral part of the condensed consolidated financial statements.3

Table of Contents

MUELLER WATER PRODUCTS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

 Three months endedDecember 31, 20242023(in millions, except per share amounts)Net sales$304.3 $256.4 Cost of sales201.3 170.1 Gross profit103.0 86.3 Operating expenses:Selling, general and administrative53.9 56.9 Strategic reorganization and other charges1.7 6.6 Total operating expenses55.6 63.5 Operating income47.4 22.8 Other expenses:Pension expense other than service— 1.0 Interest expense, net1.6 3.3 Other expense— 1.6 Total other expenses, net1.6 5.9 Income before income taxes45.8 16.9 Income tax expense10.5 2.6 Net income$35.3 $14.3 Net income per share:Basic$0.23 $0.09 Diluted$0.22 $0.09 Weighted average shares outstanding:Basic156.3 156.0 Diluted157.5 156.7 Dividends declared per share$0.067 $0.064 

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

Table of Contents

MUELLER WATER PRODUCTS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

 Three months endedDecember 31,20242023 (in millions)Net income$35.3 $14.3 Other comprehensive income (loss), net of income tax:Pension actuarial amortization0.4 0.6 Foreign currency translation(1.3)13.3 Total other comprehensive income (loss), net of income tax(0.9)13.9 Comprehensive income$34.4 $28.2 

The accompanying notes are an integral part of the condensed consolidated financial statements.5

MUELLER WATER PRODUCTS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS