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10-Q Filing

MUELLER WATER PRODUCTS, INC. CIK: 1350593 Q1 2024
Filing Information
Form Type 10-Q
Accession Number 0001350593-24-000013
Period End Date 20231231
Filing Date 20240209
Fiscal Year 2024
Fiscal Period Q1
XBRL Instance mwa-20231231_htm.xml
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Accounts Receivable, Allowance for Credit Loss, Current AllowanceForDoubtfulAccountsReceivableCurrent $7.50M USD Point-in-time
Accounts Receivable, Allowance for Credit Loss, Current AllowanceForDoubtfulAccountsReceivableCurrent $7.30M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $146.50M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $160.30M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $125.60M USD Point-in-time
Preferred Stock, Shares Authorized PreferredStockSharesAuthorized 60.00M shares Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $216.70M USD Point-in-time
Preferred Stock, Shares Authorized PreferredStockSharesAuthorized 60.00M shares Point-in-time
Preferred Stock, Shares Outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Receivables, net AccountsReceivableNetCurrent $167.90M USD Point-in-time
Preferred Stock, Shares Outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Receivables, net AccountsReceivableNetCurrent $217.10M USD Point-in-time
Preferred Stock, Par or Stated Value Per Share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred Stock, Par or Stated Value Per Share PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Inventories InventoryNet $297.90M USD Point-in-time
Inventories InventoryNet $311.30M USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Other current assets OtherAssetsCurrent $33.50M USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Other current assets OtherAssetsCurrent $31.50M USD Point-in-time
Total current assets AssetsCurrent $706.80M USD Point-in-time
Series A common stock, shares authorized CommonStockSharesAuthorized 600.00M shares Point-in-time
Series A common stock, shares authorized CommonStockSharesAuthorized 600.00M shares Point-in-time
Total current assets AssetsCurrent $729.40M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $308.40M USD Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 155.87M shares Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 156.11M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $311.70M USD Point-in-time
Goodwill Goodwill $93.70M USD Point-in-time
Goodwill Goodwill $98.30M USD Point-in-time
Identifiable intangible assets IntangibleAssetsNetExcludingGoodwill $329.30M USD Point-in-time
Identifiable intangible assets IntangibleAssetsNetExcludingGoodwill $334.00M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $63.40M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $58.80M USD Point-in-time
Total assets Assets $1.53B USD Point-in-time
Total assets Assets $1.50B USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $600.00K USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $700.00K USD Point-in-time
Accounts payable AccountsPayableCurrent $102.90M USD Point-in-time
Accounts payable AccountsPayableCurrent $108.90M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $115.20M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $112.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $218.80M USD Point-in-time
Total current liabilities LiabilitiesCurrent $221.60M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $446.80M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $446.70M USD Point-in-time
Deferred income taxes DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent $71.10M USD Point-in-time
Deferred income taxes DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent $73.80M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $58.10M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $54.20M USD Point-in-time
Total liabilities Liabilities $793.50M USD Point-in-time
Total liabilities Liabilities $797.60M USD Point-in-time
Commitments and contingencies (Note 10.) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 10.) CommitmentsAndContingencies - USD Point-in-time
Preferred Stock, Value, Issued PreferredStockValue - USD Point-in-time
Preferred Stock, Value, Issued PreferredStockValue - USD Point-in-time
Common stock CommonStockValue $1.60M USD Point-in-time
Common stock CommonStockValue $1.60M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.24B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.23B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-481.80M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-467.50M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-34.80M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-48.70M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $731.20M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $711.50M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $687.80M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $669.30M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.53B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.50B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net sales Revenues $256.40M USD 1 Quarter
Net sales Revenues $314.80M USD 1 Quarter
Cost of sales CostOfRevenue $170.10M USD 1 Quarter
Cost of sales CostOfRevenue $221.60M USD 1 Quarter
Gross profit GrossProfit $93.20M USD 1 Quarter
Gross profit GrossProfit $86.30M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $56.90M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $62.90M USD 1 Quarter
Restructuring and other charges RestructuringCharges $6.60M USD 1 Quarter
Restructuring and other charges RestructuringCharges $-3.70M USD 1 Quarter
Total operating expenses OperatingExpenses $59.20M USD 1 Quarter
Total operating expenses OperatingExpenses $63.50M USD 1 Quarter
Operating income OperatingIncomeLoss $34.00M USD 1 Quarter
Operating income OperatingIncomeLoss $22.80M USD 1 Quarter
Pension costs (benefits) other then service DefinedBenefitPlanNetPeriodicBenefitCostotherthanServiceCost $1.00M USD 1 Quarter
Pension costs (benefits) other then service DefinedBenefitPlanNetPeriodicBenefitCostotherthanServiceCost $900.00K USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-3.30M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-3.70M USD 1 Quarter
Other expense OtherExpenses $1.60M USD 1 Quarter
Other expense OtherExpenses - USD 1 Quarter
Net other expense NonoperatingIncomeExpense $-4.60M USD 1 Quarter
Net other expense NonoperatingIncomeExpense $-5.90M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $16.90M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $29.40M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $6.90M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $2.60M USD 1 Quarter
Net income (loss) NetIncomeLoss $22.50M USD 1 Quarter
Net income (loss) NetIncomeLoss $14.30M USD 1 Quarter
Earnings Per Share, Basic EarningsPerShareBasic $0.09 USD 1 Quarter
Earnings Per Share, Basic EarningsPerShareBasic $0.14 USD 1 Quarter
Earnings Per Share, Diluted EarningsPerShareDiluted $0.14 USD 1 Quarter
Earnings Per Share, Diluted EarningsPerShareDiluted $0.09 USD 1 Quarter
Basic, in shares WeightedAverageNumberOfSharesOutstandingBasic 156.40M shares 1 Quarter
Basic, in shares WeightedAverageNumberOfSharesOutstandingBasic 156.00M shares 1 Quarter
Diluted, in shares WeightedAverageNumberOfDilutedSharesOutstanding 157.00M shares 1 Quarter
Diluted, in shares WeightedAverageNumberOfDilutedSharesOutstanding 156.70M shares 1 Quarter
Dividends declared per share, in dollars per share CommonStockDividendsPerShareDeclared $0.06 USD 1 Quarter
Dividends declared per share, in dollars per share CommonStockDividendsPerShareDeclared $0.06 USD 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $22.50M USD 1 Quarter
Net income (loss) NetIncomeLoss $14.30M USD 1 Quarter
Depreciation Depreciation $7.80M USD 1 Quarter
Depreciation Depreciation $9.50M USD 1 Quarter
Amortization AdjustmentForAmortization $6.90M USD 1 Quarter
Amortization AdjustmentForAmortization $7.00M USD 1 Quarter
Gain (Loss) on Extinguishment of Debt GainLossOnSaleOfOtherAssets $4.00M USD 1 Quarter
Gain (Loss) on Extinguishment of Debt GainLossOnSaleOfOtherAssets $100.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.60M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.80M USD 1 Quarter
Retirement plans PensionAndOtherPostretirementBenefitExpense $1.20M USD 1 Quarter
Retirement plans PensionAndOtherPostretirementBenefitExpense $1.10M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-3.40M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-900.00K USD 1 Quarter
Inventory write-down InventoryWriteDown $1.20M USD 1 Quarter
Inventory write-down InventoryWriteDown $2.10M USD 1 Quarter
Other noncash income (expense) OtherNoncashIncomeExpense $-300.00K USD 1 Quarter
Other noncash income (expense) OtherNoncashIncomeExpense $-500.00K USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-49.70M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-26.40M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $36.10M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $14.60M USD 1 Quarter
Other current assets and other noncurrent assets IncreaseDecreaseInOtherOperatingAssets $3.60M USD 1 Quarter
Other current assets and other noncurrent assets IncreaseDecreaseInOtherOperatingAssets $6.10M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-19.60M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $5.70M USD 1 Quarter
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $-3.60M USD 1 Quarter
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $-8.40M USD 1 Quarter
Long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $3.40M USD 1 Quarter
Long-term liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-2.20M USD 1 Quarter
Net cash provided by (used in) operating activities, total NetCashProvidedByUsedInOperatingActivities $-6.50M USD 1 Quarter
Net cash provided by (used in) operating activities, total NetCashProvidedByUsedInOperatingActivities $67.90M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $5.70M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $9.90M USD 1 Quarter
Proceeds from sales of assets ProceedsFromSaleOfProductiveAssets $5.10M USD 1 Quarter
Proceeds from sales of assets ProceedsFromSaleOfProductiveAssets $100.00K USD 1 Quarter
Net cash provided by (used in) investing activities, total NetCashProvidedByUsedInInvestingActivities $-4.80M USD 1 Quarter
Net cash provided by (used in) investing activities, total NetCashProvidedByUsedInInvestingActivities $-5.60M USD 1 Quarter
Dividends paid PaymentsOfDividends $9.50M USD 1 Quarter
Dividends paid PaymentsOfDividends $10.00M USD 1 Quarter
Shares retained for employee taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.50M USD 1 Quarter
Shares retained for employee taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.50M USD 1 Quarter
Common stock issued ProceedsFromIssuanceOfCommonStock $400.00K USD 1 Quarter
Common stock issued ProceedsFromIssuanceOfCommonStock $600.00K USD 1 Quarter
Other FinanceLeasePrincipalPayments $100.00K USD 1 Quarter
Other FinanceLeasePrincipalPayments $200.00K USD 1 Quarter
Net cash provided by (used in) financing activities, total NetCashProvidedByUsedInFinancingActivities $-11.30M USD 1 Quarter
Net cash provided by (used in) financing activities, total NetCashProvidedByUsedInFinancingActivities $-10.50M USD 1 Quarter
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $900.00K USD 1 Quarter
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.40M USD 1 Quarter
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $146.50M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $160.30M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $125.60M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $216.70M USD Point-in-time
Interest Paid, Excluding Capitalized Interest, Operating Activities InterestPaidNet $7.60M USD 1 Quarter
Interest Paid, Excluding Capitalized Interest, Operating Activities InterestPaidNet $8.60M USD 1 Quarter
Income Taxes Paid IncomeTaxesPaidNet $800.00K USD 1 Quarter
Income Taxes Paid IncomeTaxesPaidNet $200.00K USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $56.40M USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-20.90M USD 1 Quarter
Stockholders Equity 20 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $731.20M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $711.50M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $687.80M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $669.30M USD Point-in-time
Net income (loss) NetIncomeLoss $22.50M USD 1 Quarter
Net income (loss) NetIncomeLoss $14.30M USD 1 Quarter
Dividends declared AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings $9.50M USD 1 Quarter
Dividends declared AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings $10.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.80M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.60M USD 1 Quarter
Shares retained for employee taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $1.50M USD 1 Quarter
Shares retained for employee taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $1.50M USD 1 Quarter
Common stock issued StockIssuedDuringPeriodValueShareBasedCompensation $600.00K USD 1 Quarter
Common stock issued StockIssuedDuringPeriodValueShareBasedCompensation $400.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $4.60M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $13.90M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $687.80M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $731.20M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $711.50M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $669.30M USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $22.50M USD 1 Quarter
Net income (loss) NetIncomeLoss $14.30M USD 1 Quarter
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-600.00K USD 1 Quarter
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-600.00K USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $13.30M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $4.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $4.60M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $13.90M USD 1 Quarter
Comprehensive income (loss), net of tax ComprehensiveIncomeNetOfTax $27.10M USD 1 Quarter
Comprehensive income (loss), net of tax ComprehensiveIncomeNetOfTax $28.20M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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