Company: MWA
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001350593-25-000043
Chunk: 144

Company: Mueller Water Products, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 144
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 negatively impacted by approximately 8% due to inflation and increased tariffs.  Gross margin was 37.8% in the three months ended June 30, 2025 as compared with 33.3% in the prior year period.

SG&A for the three months ended June 30, 2025 was $31.6 million as compared with $22.6 million in the prior year period, an increase of $9.0 million or 39.8%, primarily due to $7.1 million unfavorable foreign currency impact associated with depreciation of the U.S. dollar compared with the Israeli shekel, higher personnel-related expenses, approximately 2% inflation and higher third-party fees, partially offset by lower amortization and travel expenditures.  SG&A as a percentage of net sales was 19.3% and 15.2% in the three months ended June 30, 2025 and 2024, respectively.

29

Corporate

SG&A for the three months ended June 30, 2025 was $16.1 million as compared with $14.8 million in the prior year period, an increase of $1.3 million or 8.8%. 

Nine months ended June 30, 2025 Compared to Nine months ended June 30, 2024

 Nine months ended June 30, 2025 Water Flow SolutionsWater Management SolutionsCorporate  Total     (in millions)Net sales$607.4 $441.5 $— $1,048.9 Gross profit$215.9 $160.8 $— $376.7 Operating expenses:Selling, general and administrative65.0 71.5 44.1 180.6 Strategic reorganization and other charges1.0 0.6 3.5 5.1 Total operating expenses66.0 72.1 47.6 185.7 Operating income (loss)$149.9 $88.7 $(47.6)191.0 Non-operating expenses:Pension benefit other than service(0.1)Interest expense, net5.6 Income before income taxes185.5 Income tax expense46.4 Net income$139.1  Nine months ended June 30, 2024 Water Flow SolutionsWater Management SolutionsCorporateTotal (in millions)Net sales$555.2 $411.3 $— $966