secwatch.observer — SEC 8-K summary
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Issuer:     Mueller Water Products, Inc. (MWA)
CIK:        0001350593
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001350593-23-000020
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mueller Water Products Q2 net sales $332.9M (+7.2% YoY); EPS $0.14; reaffirms FY23 guidance
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- Net income $21.3M; diluted EPS $0.14 (GAAP and adjusted), vs $0.15 prior year.
- Water Management Solutions sales surged 38.8% to $175.7M; Water Flow Solutions fell 14.5% to $157.2M.
- Adjusted EBITDA $48.1M, margin 14.4% (down from 16.3% YoY); strong pricing offset inflation and volumes.
- FY23 guidance reaffirmed: net sales growth 6-8%, adjusted EBITDA growth 10-14%, free cash flow 30-50% of adj. net income.
- Six-month free cash flow $(42.7)M vs $(25.2)M prior year; net debt leverage ratio 1.9x; $162.5M ABL availability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350593/000135059323000020/0001350593-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350593/000135059323000020/mwa-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001350593-23-000020

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