8-K filed May 6, 2024, 7:59 PM ET ticker MWA CIK 0001350593

earnings confidence high sentiment positive materiality 0.75

Mueller Water Q2 net sales up 6.2% to $353.4M; adj. EPS $0.30 beat; raises FY24 guidance

Mueller Water Products, Inc.

2024-Q2 EPS reported $0.37 revenue$609,800,000

Q2 net sales $353.4M (+6.2% YoY); net income $44.3M ($0.28 diluted EPS); adj. EPS $0.30 (record).
Adj. EBITDA $82.2M (+70.9% YoY); margin 23.3% vs 14.4% prior year.
FY24 guidance raised: net sales flat to down 2% (prior down 1-3%); adj. EBITDA up 23-27% (prior up 15-22%).
Martie Edmunds Zakas appointed CEO (eff. May 1, 2024); Paul McAndrew named President & COO.
Christian Garcia appointed Board observer; Brian Healy elected director in Feb 2024.

item 2.02 item 9.01 item 5.02 item 5.03 item 7.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Christian A. Garcia

non-voting Board observer

MWA · Mueller Water Products, Inc.

Effective: 2024-03-27
Filed: May 6, 2024, 7:59 PM ET

Christian A. Garcia was appointed by the Board as a non-voting Board observer on March 27, 2024.

Role change

Paul McAndrew

President and Chief Operating Officer

MWA · Mueller Water Products, Inc.

Effective: 2024-05-01
Filed: May 6, 2024, 7:59 PM ET

the Board had appointed Paul McAndrew as President and Chief Operating Officer of the Company, effective as of the Effective Date.

Role change

Marietta Edmunds Zakas

Chief Executive Officer

MWA · Mueller Water Products, Inc.

Effective: 2024-05-01
Filed: May 6, 2024, 7:59 PM ET

the Board of Directors (the “Board”) of the Company had reaffirmed the appointment of Marietta Edmunds Zakas as Chief Executive Officer of the Company, effective as of May 1, 2024

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mueller Water Products, Inc. updated its the 2024 second quarter ended March 31, 2024 guidance (raised).

Period: the 2024 second quarter ended March 31, 2024
Guidance: raised
Result: reported results

Exact text from the filing

On May 6, 2024, Mueller Water Products, Inc. (the “Company”) announced its results of operations for the quarter ended March 31, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Christian A. Garcia was appointed as non-voting Board observer at Mueller Water Products, Inc..

Action: appointed
Role: non-voting Board observer

Exact text from the filing

Christian A. Garcia was appointed by the Board as a non-voting Board observer on March 27, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul McAndrew was appointed as President and Chief Operating Officer at Mueller Water Products, Inc..

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

the Board had appointed Paul McAndrew as President and Chief Operating Officer of the Company, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.85

Marietta Edmunds Zakas changed role as Chief Executive Officer at Mueller Water Products, Inc..

Action: reaffirmed
Role: Chief Executive Officer

Exact text from the filing

the Board of Directors (the “Board”) of the Company had reaffirmed the appointment of Marietta Edmunds Zakas as Chief Executive Officer of the Company, effective as of May 1, 2024

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Mueller Water Products, Inc.: Amended and restated bylaws in connection with appointment of CEO and President/COO, including ministerial and conforming changes (effective 2024-05-01).

Change: bylaw amendment
Effective: 2024-05-01

Exact text from the filing

Effective as of the Effective Date, the Board amended and restated the Company’s Amended and Restated Bylaws (the “Bylaws”).

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Mueller Water Products, Inc. filing history →

Source: SEC EDGAR

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