NYSE$MWA

Mueller Water Products Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Net sales increased due to higher volumes and pricing, operating income and adjusted EBITDA also increased, and annual guidance for fiscal 2025 net sales and adjusted EBITDA was raised.

Mueller Water Products reported strong first quarter results for fiscal year 2025, with net sales increasing by 18.7% to $304.3 million compared to the prior year. The company reported a net income of $35.3 million and an adjusted EBITDA of $63.5 million. As a result of the strong performance, the company raised its annual guidance for fiscal 2025 net sales and adjusted EBITDA.

  • Net sales increased 18.7 percent to $304.3 million compared to the prior year quarter.
  • Operating income increased to $47.4 million, and adjusted operating income increased 78.2 percent to $52.4 million.
  • Net income increased to $35.3 million, with adjusted net income increasing 97.0 percent to $39.2 million.
  • Adjusted EBITDA increased 41.7 percent to $63.5 million.

Headline financials

Total Revenue

$304M

Previous: $256M+18.7%
EPS (adj)

$0.25

Previous: $0.09+177.8%
Gross Margin

33.8%

No prior period
Operating Margin

15.6%

No prior period
Adjusted Operating Margin

17.2%

No prior period
Net Income Margin

11.6%

No prior period
Adjusted EBITDA

$63.5M

Previous: $44.8M+41.7%
Adjusted EBITDA Margin

20.9%

Previous: 17.5%+19.4%
SG&A Expense

$53.9M

No prior period
Capital Expenditures

-$11.9M

Previous: -$5.7M-108.8%
Net Income

$35.3M

Previous: $14.3M+146.9%
Operating Income

$47.4M

Previous: $22.8M+107.9%
Gross Profit

$103M

Previous: $86.3M+19.4%
Stock-Based Comp

$2.5M

Previous: $2.6M-3.8%

Revenue & EPS history

Mueller · Revenue · Quarterly

$304M

Q1 2025+18.7%vs Q1 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Mueller · $301M total across 2 segments · Q4 2023

  • Water Flow Solutions
    $162M-10.0%
  • Water Management Solutions
    $140M-8.0%

Forward guidance

The Company is increasing its guidance for fiscal 2025 consolidated net sales to be between $1,370 million and $1,390 million, or an increase of 4.2 percent to 5.7 percent compared with the prior year. The Company is also increasing its expectations for fiscal 2025 adjusted EBITDA to be between $310 million and $315 million, or an increase of 8.9 percent to 10.6 percent compared with the prior year.

Tailwinds

  • Fiscal 2025 consolidated net sales to be between $1,370 million and $1,390 million.
  • Fiscal 2025 adjusted EBITDA to be between $310 million and $315 million.
  • Free cash flow as a percentage of adjusted net income to be more than 80 percent in fiscal 2025.
  • Total SG&A expenses between $240 million and $244 million
  • Pension benefit other than service of approximately $0.2 million

Headwinds

  • This guidance does not include any potential impacts from the recently announced tariffs.
  • Net interest expense between $10.5 million and $11.5 million
  • Effective income tax rate between 25 percent and 27 percent
  • Depreciation and amortization between $43 million and $45 million
  • Capital expenditures between $45 million and $50 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.7%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+0.8%

Avg return

30 days after

63%

41 / 65 earnings

Positive

+16.7%

Q1 2025

Best reaction

-12.8%

Q1 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+1.8%-6.4%-8.1%
Q1 2026+1.5%+7.0%+1.5%
Q4 2025-4.4%-5.9%-1.8%
Q2 2025-6.3%-9.4%-9.9%
Q1 2025+16.7%+16.6%+8.5%
Q4 2024+6.2%+14.5%+11.5%
Q3 2024+2.2%+1.1%+2.8%
Q2 2024+11.0%+18.7%+9.5%
Q1 2024+10.8%+10.4%+14.5%
Q4 2023+7.4%+3.5%+0.9%
Q3 2023-10.8%-13.3%-11.0%
Q2 2023-6.4%-9.2%+3.5%
Q1 2023+7.5%+6.8%+8.2%
Q4 2022-1.7%-2.6%-0.3%
Q3 2022-9.3%-10.4%-15.6%
Q2 2022-3.0%+0.1%-0.2%
Q1 2022+0.4%+4.2%-2.3%
Q4 2021-8.5%-13.0%-15.3%
Q3 2021+2.7%+1.1%+7.4%
Q2 2021+1.9%+3.6%+0.5%
Q1 2021+2.4%+6.1%+8.6%
Q4 2020+7.7%+7.3%+13.4%
Q3 2020+6.9%+8.8%+5.0%
Q2 2020-4.6%-4.5%+3.7%
Q1 2020+3.5%+1.2%-4.6%
Q4 2019-5.1%-7.4%-2.1%
Q3 2019+3.8%+0.4%+2.0%
Q2 2019-12.8%-15.2%-12.0%
Q1 2019+6.5%+3.6%+3.9%
Q4 2018+7.3%+6.2%-4.4%
Q3 2018-5.4%-5.7%-7.5%
Q2 2018+15.4%+20.7%+23.7%
Q1 2018-2.4%-4.6%-5.5%
Q4 2017+3.7%+2.3%+3.4%
Q3 2017+6.7%+4.6%+5.0%
Q2 2017-11.9%-12.2%-12.6%
Q1 2017+0.3%-6.6%-9.2%
Q4 2016-11.8%-9.0%+9.9%
Q3 2016+4.9%+7.9%+7.7%
Q2 2016+6.1%
Q1 2016+5.9%
Q4 2015-2.1%
Q3 2015+5.8%
Q2 2015-5.5%
Q1 2015-12.8%
Q4 2014+9.7%
Q3 2014+14.8%
Q2 2014-3.0%
Q1 2014+10.0%
Q4 2013+4.4%
Q3 2013+6.2%
Q2 2013+11.4%
Q1 2013-1.3%
Q4 2012+9.7%
Q3 2012+3.1%
Q2 2012+3.1%
Q1 2012-1.4%
Q4 2009+10.3%
Q3 2010+2.9%
Q3 2011+2.9%
Q2 2011+1.7%
Q2 2010+1.7%
Q1 2011-1.5%
Q1 2010-1.5%
Q4 2010-1.5%

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