Record-Breaking Performance
Mueller Water Products achieved record levels for net sales, gross margin, adjusted EBITDA, and adjusted net income per share in fiscal 2025. Net sales increased by 8.7% to over $1.4 billion, and adjusted EBITDA grew by 14.6% year-over-year to $326 million.
Strong Fourth Quarter Results
In Q4 2025, net sales grew 9.4% to $380.8 million, driven by increased volumes and higher pricing. Adjusted EBITDA reached a quarterly record of $91.8 million, with a margin of 24.1%.
Improved Gross Margin
Consolidated gross margin expanded by 500 basis points in Q4 2025 to 36.8%, driven by manufacturing efficiencies and favorable price/cost dynamics.
Successful Operational Initiatives
Mueller completed the transition to a state-of-the-art brass foundry and improved operational execution, contributing to margin expansion and product performance.
Positive Outlook for Fiscal 2026
Mueller expects continued net sales growth and margin expansion in fiscal 2026, with projected adjusted EBITDA growth between 5.8% and 7.3%.