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Mueller Water Products (MWA)
NYSE:MWA
Earnings Data
Report Date
May 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.37Last Year’s EPS
0.34Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a positive tone driven by strong first-quarter financial performance (record net sales, margins, adjusted EBITDA and EPS), robust cash generation, improved leverage and a raised full-year outlook. Operational actions — notably manufacturing efficiencies from foundry changes and recent price increases — supported margin expansion. Headwinds remain from higher tariffs (notably on brass), inflation, certain volume declines (service brass, natural gas, residential), and segment-specific pressures in WMS that compressed margins. On balance, the company’s operational improvements, liquidity, and raised guidance outweigh the challenges, though management flagged ongoing tariff and inflation effects that will require continued mitigation.Company Guidance
Record Quarterly Results
Net sales increased 4.6% to $318.2M; gross profit rose 16.3% to $119.8M; gross margin expanded 380 bps to 37.6%. Company reported first-quarter records for net sales, gross margin, adjusted EBITDA and adjusted EBITDA margin.
Adjusted EBITDA and Margins Expansion
Adjusted EBITDA reached a first-quarter record of $72.1M, up 13.5% year-over-year; adjusted EBITDA margin expanded 180 bps to 22.7%. Trailing 12-month adjusted EBITDA was $335M or 23.2% of net sales, a 90 bps improvement.
Profitability and EPS Improvement
Adjusted operating income increased 14.5% to $60.0M with adjusted operating margin up 170 bps to 18.9%. Adjusted net income per diluted share rose 16% to $0.29, a first-quarter record.
Strong Cash Generation and Balance Sheet Flexibility
Net cash provided by operating activities was $61.2M (+$7.1M YoY); free cash flow of $44M (96% of adjusted net income). Ended quarter with $460M cash, $452M total debt, no maturities until June 2029, and $623M total liquidity (including $164M ABL availability).
Raised Full-Year Guidance
Company raised FY2026 guidance: consolidated net sales growth now expected to be 2.8%–4.2% (midpoint +$20M), and increased adjusted EBITDA guidance by $10M at midpoint to $355M–$360M. Midpoint implies adjusted EBITDA margin >24% (greater than 100 bps YoY improvement).
Segment Win — WFS Margin Surge
WFS adjusted operating income increased 28% to $49.4M; adjusted EBITDA grew 26.4% to $56.5M. WFS adjusted EBITDA margin expanded 710 bps to 32.7%, setting a new quarterly record, driven by manufacturing efficiencies and pricing.
Operational Improvements and Strategic Investments
Manufacturing efficiencies (benefits from closure of legacy brass foundry) contributed materially to margin expansion. Capital expenditures of $17.2M in the quarter reflect investment in iron foundries; company reaffirmed FY CapEx guidance of $60M–$65M to drive capacity and further efficiencies.
Commercial Momentum in Specialty and Hydrants
Volume growth in specialty valves and hydrants contributed to results; company expects project-related specialty valve work to grow mid- to high-single-digits and municipal repair & replacement to grow low- to mid-single-digits, offsetting residential weakness.
MWA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MWA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $27.45 | $27.86 | +1.49% |
Nov 10, 2025 | $23.89 | $23.29 | -2.51% |
Aug 04, 2025 | $23.75 | $25.00 | +5.26% |
May 05, 2025 | $26.75 | $25.05 | -6.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Mueller Water Products (MWA) report earnings?
Mueller Water Products (MWA) is schdueled to report earning on May 11, 2026, After Close (Confirmed).
What is Mueller Water Products (MWA) earnings time?
Mueller Water Products (MWA) earnings time is at May 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MWA EPS forecast?
MWA EPS forecast for the fiscal quarter 2026 (Q2) is 0.37.