The Company acquired Predecessor Mueller Company on October 3 , 2005. reduced diluted earnings per share by approximately $ 0.02. fourth quarter 2007 compared to $ 23.0 million in the fourth quarter 2006. related to the legacy income tax exposure and $ 0.8 million of interest income. as a result of the former parent 's early loan repayment to the Company. industry to evaluate and price potential acquisition candidates. measures derived in accordance with GAAP. to this press release and has been posted at www.muellerwaterproducts.com. residential construction , oil and gas , HVAC and fire protection industries .