secwatch.observer — SEC 8-K summary
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Issuer:     Mueller Water Products, Inc. (MWA)
CIK:        0001350593
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001350593-23-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mueller Water Products Q3 net sales $326.6M (-2% YoY); lowers FY2023 guidance
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- Net income of $24.5M ($0.16/diluted share); adjusted EPS $0.18 vs $0.19 prior year.
- Water Flow Solutions net sales down 23.4% to $150.1M; Water Management Solutions up 28.6% to $176.5M.
- Adjusted EBITDA $54.4M (16.7% margin) vs $57.8M (17.3%) prior year; margin down 60 bps.
- FY2023 outlook: net sales flat to down 2%, adjusted EBITDA flat to down 5% vs prior year; targeting ~$25M annual SG&A savings.
- Free cash flow of $20.1M for nine months vs ($16.2M) prior year; debt leverage 2.4x, net debt leverage 1.7x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350593/000135059323000031/0001350593-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350593/000135059323000031/mwa-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001350593-23-000031

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