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MWA-News
MWA-Events
Mueller Water Approves $300M Stock Buyback Increase
Mueller Water announced that its board of directors has approved a $300M increase to the existing common stock repurchase authorization. The board also declared an 8c per share quarterly dividend, a 14.3% increase compared with the prior quarterly dividend. The dividend is payable on or about November 19 to stockholders of record as of the close of business on November 9.
Mueller Water Appoints Michael Morgan as CFO
Mueller Water "announced a planned transition of its Chief Financial Officer with the appointment of Michael Morgan as Executive Vice President, Finance, effective October 28, 2026. Mr. Morgan will assume the role of Executive Vice President and Chief Financial Officer on or about November 19, 2026, following the filing of the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2026. Melissa Rasmussen will continue to serve as Chief Financial Officer through the filing of the Annual Report and will remain with Mueller in an advisory role through December 31, 2026, to support a smooth transition. Ms. Rasmussen's transition and separation are not the result of any disagreement with the Company on any matter relating to the Company's financial statements, internal control over financial reporting, operations, policies, or practices."
Mueller Water Products Reports Q3 Revenue of $395.9M
Reports Q3 revenue $395.9M, consensus $391.49M. "Our outstanding third quarter results reflect strong execution across the business and continued progress against our operating priorities, despite a dynamic operating environment. We delivered quarterly records for net sales, adjusted EBITDA and adjusted net income per diluted share, while expanding our adjusted EBITDA margin 440 basis points year-over-year. These results demonstrate the strength of our brands and product portfolio, as well as the benefits from our continued focus on operational excellence, productivity and disciplined cost management. I am proud of what our teams have accomplished and their continued commitment to serving our customers," said Paul McAndrew, President and Chief Executive Officer of Mueller Water Products.
Company Narrows Fiscal 2026 Sales Guidance to $1.47B to $1.48B
Consensus $1.48B. The company said, "The Company is narrowing its guidance for fiscal 2026 consolidated net sales to between $1,470 million and $1,480 million, or an increase of 2.8% to 3.5% compared with the prior year. The Company is increasing its expectations for fiscal 2026 adjusted EBITDA to between $367 million and $372 million, or an increase of 12.5% to 14.0% compared with the prior year. The Company is reducing its total SG&A expenses to be between $241 million and $245 million and its guidance for the effective tax rate to be between 21% and 23%, reflecting the one-time tax benefit in the third quarter. The Company is reiterating its expectation for free cash flow as a percentage of adjusted net income to exceed 70% in fiscal 2026."
Company Reports Q2 Revenue of $384.4M, Raises Fiscal 2026 Adjusted EBITDA Outlook
Reports Q2 revenue $384.4M, consensus $380.77M. The company said, "We delivered another quarter of strong margin growth, with adjusted EBITDA margin improving 210 basis points year-over-year, supported by our team's execution and commitment to delivering value for customers while enhancing efficiencies across our operations and supply chain. As we navigate increased uncertainty and ongoing external challenges, we remain focused on providing outstanding customer service, driving operational efficiencies and proactively managing our supply chain. Based on our outstanding performance through the first half of the year and our current expectations for the remainder of the year, we are raising our fiscal 2026 outlook for adjusted EBITDA."
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