Q4 2025 Mueller Water Products Inc Earnings Call Transcript
Key Points
- Mueller Water Products Inc (MWA) achieved record-breaking performance with fourth-quarter net sales and adjusted EBITDA exceeding expectations.
- Net sales grew by 9.4% in the quarter, driven by strong volume gains and improved price realization.
- The company expanded its gross margin by 500 basis points in the fourth quarter, reflecting operational excellence.
- Adjusted net income per share increased by 73% year-over-year, reaching $0.38 per share.
- Mueller Water Products Inc (MWA) generated $172 million of free cash flow and returned $57 million to shareholders through dividends and stock repurchases.
- The company anticipates a slowdown in residential construction, expecting a high single-digit decline in fiscal 2026.
- Mueller Water Products Inc (MWA) faces challenges from tariffs, impacting cost of sales by approximately 3%.
- Higher SG&A expenses were reported, driven by increased personnel costs and inflationary pressures.
- The company incurred a $5.6 million warranty charge related to its Water Management Solutions segment.
- Strategic reorganization and other charges amounted to $3.7 million, impacting operating income.
Good morning, and thank you for standing by. (Operator Instructions) Today's conference is being recorded. If you have any objections, you may disconnect at this time. It is now my pleasure to turn the call over to Whit Kincaid. Thank you, sir.
You may begin.
Good morning, everyone. Thank you for joining us for Mueller Water Products fourth-quarter and fiscal 2025 conference call. Yesterday afternoon, we issued our press release reporting results of operations for the quarter and year-ended September 30, 2025. A copy of the press release is available on our website muellerwaterproducts.com. I am joined this morning by Martie Zakas, our Chief Executive Officer; Paul McAndrew, our President and Chief Operating Officer; and Melissa Rasmussen, our Chief Financial Officer.
Following our prepared remarks, we will address questions related to the information covered on the call. As a reminder, please keep to one question and a follow-up and then return
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