Company: MWA
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001350593-25-000029
Chunk: 9

Company: Mueller Water Products, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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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 endedSix months endedMarch 31,March 31, 2025202420252024(in millions, except per share amounts)Net sales$364.3 $353.4 $668.6 $609.8 Cost of sales236.3 223.0 437.6 393.1 Gross profit128.0 130.4 231.0 216.7 Operating expenses:Selling, general and administrative55.7 63.7 109.6 120.6 Strategic reorganization and other charges2.4 3.2 4.1 9.8 Total operating expenses58.1 66.9 113.7 130.4 Operating income69.9 63.5 117.3 86.3 Other expenses:Pension (benefit) expense other than service(0.1)1.0 (0.1)2.0 Interest expense, net2.3 3.6 3.9 6.9 Other expense— — — 1.6 Total other expenses, net2.2 4.6 3.8 10.5 Income before income taxes67.7 58.9 113.5 75.8 Income tax expense16.4 14.6 26.9 17.2 Net income$51.3 $44.3 $86.6 $58.6 Net income per share:Basic$0.33 $0.28 $0.55 $0.38 Diluted$0.33 $0.28 $0.55 $0.37 Weighted average shares outstanding:Basic156.6 156.0 156.5 156.0 Diluted157.5 156.7 157.5 156.6 Dividends declared per share$0.067 $0.064 $0.134 $0.128 

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

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