Mueller Water Products, Inc. Class A (MWA)

Mueller Water Products, Inc. reported Q1 2025 EPS of $0.25, exceeding estimates by $0.05, and Q2 2025 EPS of $0.34, $0.03 better than estimates. The company participated in investor conferences in May 2025. Q3 2025 results showed a 6.6% increase in net sales to $380.3 million, with EPS steady at $0.34, meeting forecasts, and the stock price climbed 4.26% to $23.94 after the company raised its full-year guidance for 2025. Darin Harvey was appointed as Senior Vice President of Operations and Supply Chain on September 8, 2025. The company participated in the RBC Capital Markets Global Industrials Conference on September 17, 2025. The Board of Directors approved a 4.5% increase in the quarterly dividend to $0.070 per share, payable on or about November 20, 2025. A cybersecurity incident announced in October 2023 was still being assessed and remediated as of December 2023, and its financial and related impacts were being evaluated.

Demand seasonality for Mueller Water Products' products and services is expected to align more closely with pre-pandemic patterns for fiscal year 2024. Historically, the first half of the fiscal year has averaged approximately 45% of consolidated net sales over the five-year period from 2015 to 2019. Sales of the company's products are heavily influenced by the specifications of underlying projects. The company's performance is also driven by the ongoing need for investment in water infrastructure and demand for replacement and repair.

Mueller Water Products, Inc. is a leading North American manufacturer and marketer of products and services essential for water transmission, distribution, and measurement, operating in the water infrastructure sector and serving municipalities and the construction industries. The company is divided into Water Flow Solutions, offering products like iron gate valves and specialty valves, and Water Management Solutions, focusing on fire hydrants, repair solutions, metering, and leak detection products.

Mueller Water Products, Inc. has a significant geographic footprint, with operations in the United States, Israel, and internationally. Approximately 92% of the company's sales are generated in the U.S., with 6% in Canada, and 2% in the rest of the world, primarily Western Europe for its repair products.

Mueller Water Products maintains a strong brand reputation as a trusted and iconic name in water distribution, with a history spanning over 165 years. The company achieved record financial performance in Q3 2025, demonstrating strong operational execution and resilience. Its EchoShore leak detection technology has successfully identified an estimated 7.7 billion gallons of water loss savings for clients since 2020, enhancing its reputation for innovative solutions. The company has advanced its sustainability initiatives with a new lead-free brass alloy used in its brass foundry. The recent 4.5% dividend increase signals management's confidence in the company's financial stability and commitment to shareholder returns. The cybersecurity incident announced in October 2023 could have potentially impacted the company's reputation, leading to increased operating expenses for remediation and other related charges in fiscal year 2024.

Mueller Water Products, Inc. has a diverse ownership structure, including institutional, retail, and individual investors, with 767 institutional owners and shareholders holding 200,900,120 shares as of October 22, 2025. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., iShares Core S&P Small-Cap ETF (IJR), State Street Corp, Invesco Ltd., First Trust Advisors Lp, and Fuller & Thaler Asset Management, Inc. Fairholme Capital Management LLC is the largest individual shareholder, owning 29.02 million shares, representing 18.57% of the company, and affiliates of Gabelli Investors Incorporated officially owned 2.41% of Mueller Water Products as of December 31, 2024.