Record-Breaking Quarter
Mueller Water Products achieved record consolidated net sales, gross margin, and adjusted EBITDA for the third quarter. Net sales increased by 6.6%, and gross margin exceeded 38%, showing a sequential improvement of 320 basis points.
Strong Financial Performance
Free cash flow of $56 million was generated after investing $12 million in capital expenditures. The company returned $20 million to shareholders through dividends and share repurchases.
Positive Annual Guidance Update
Mueller is raising its guidance for 2025 net sales and adjusted EBITDA, indicating a strong finish for the year with net sales growth and margin improvement.
Sustainability Achievements
The company published its annual ESG report and achieved its leak detection target early, identifying an estimated 7.7 billion gallons of water loss savings for clients since 2020.
Operational Efficiency Gains
The closure of the legacy brass foundry contributed to improved manufacturing efficiencies and cost savings.