Mueller Water Products (MWA)
NYSE:MWA
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Earnings Data
Report Date
Aug 10, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.39Last Year’s EPS
0.34Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial execution with multiple quarterly records (net sales, adjusted EBITDA, adjusted EPS) and margin expansion, supported by pricing and manufacturing efficiencies. Management raised adjusted EBITDA guidance and highlighted a solid balance sheet and liquidity position, while also outlining strategic initiatives (Mueller operating system, focus on specialty valves and disciplined M&A). Offsetting these positives are deteriorating free cash flow driven by inventory builds and higher capex, ongoing tariff and inflationary pressures, a slight margin contraction in WMS, one-time reorganization costs, and the risk of a slowdown in new residential construction. On balance the quarter demonstrated meaningful progress and resilience, but with clear near-term cash and demand risks to monitor.Company Guidance
Record Net Sales and Revenue Growth
Net sales reached a quarterly record of $384.4 million, up 5.5% year over year, driven by higher pricing across most product lines and modest volume growth.
Gross Profit and Margin Expansion
Gross profit increased 12.9% to $144.5 million and gross margin expanded 250 basis points to 37.6%, driven by favorable pricing, manufacturing efficiencies (including benefits from the new brass foundry) and higher volumes.
Record Adjusted EBITDA and Margin Expansion
Adjusted EBITDA set a quarterly record at $97.2 million, up 15% year over year. Adjusted EBITDA margin expanded 210 basis points to 25.3%. On a trailing twelve-month basis adjusted EBITDA was $348 million (23.7% of net sales), up 140 basis points versus the prior twelve months.
Adjusted Net Income Per Share Growth
Adjusted net income per diluted share increased 17.6% year over year to $0.40, a new quarterly record.
Strong Segment Results — Mueller Products
Mueller segment net sales of $218.3 million rose 1% year over year. Adjusted EBITDA grew 16.4% to $72.4 million and segment adjusted EBITDA margin expanded 440 basis points to 33.2%, a new record driven by pricing and manufacturing efficiencies.
WMS Top-Line Strength
WMS net sales increased 12.2% to $166.1 million, driven by pricing and volume gains in hydrant and repair products; adjusted EBITDA rose 11.5% to $40.6 million, reflecting pricing and volume benefits.
Balance Sheet Strength and Raised EBITDA Outlook
Liquidity and leverage remain strong: $421 million cash, $452 million total debt, no debt maturities until June 2029, $585 million total liquidity (including $164 million availability under ABL). Company raised fiscal 2026 adjusted EBITDA guidance by $5 million at the midpoint to $360–$365 million (implying adjusted EBITDA margin >24.5%, an improvement of ~170 basis points year over year). Capital expenditure guidance maintained at $60–$65 million.
Operational and Strategic Progress
Operational execution improved (manufacturing efficiencies, new brass foundry transition) and management formalized a 'Mueller operating system' to drive discipline and margin expansion. Management signaled targeted investment in specialty valves and disciplined M&A activity.
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 |
|---|---|---|---|
May 05, 2026 | $27.48 | $27.07 | -1.49% |
Feb 04, 2026 | $27.38 | $27.79 | +1.49% |
Nov 10, 2025 | $23.83 | $23.23 | -2.51% |
Aug 04, 2025 | $23.69 | $24.93 | +5.26% |
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 Aug 10, 2026, After Close (Confirmed).
What is Mueller Water Products (MWA) earnings time?
Mueller Water Products (MWA) earnings time is at Aug 10, 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 (Q3) is 0.39.