Mueller Water Products Boosts Adjusted Net Income

By Bobby Samwell • Tuesday, November 11 06:06 • Permanent Link

Mueller Water Products, a leading manufacturer and marketer of products and services used in the transmission and distribution of water and natural gas, released its investor presentation for the period ending November 11, 2025.

In the presentation, the company highlighted its non-GAAP measures, which it believes provide useful insights for investors. The adjusted net income for the period was $40.6 million, up from $38.9 million in the previous period. This resulted in an increase in adjusted net income per diluted share to $0.24 from $0.23.

Management also emphasized adjusted operating income, which rose to $60.7 million from $58.2 million, reflecting an improvement in adjusted operating margin to 11.7% from 11.1%. Similarly, adjusted EBITDA increased to $78.4 million from $75.3 million, leading to a rise in adjusted EBITDA margin to 15.1% from 14.5%.

Another key metric highlighted by the company was net debt, which stood at $410.2 million, resulting in a net debt leverage of 1.3x.

Furthermore, Mueller Water Products showcased its free cash flow, a non-GAAP liquidity measure, which amounted to $49.8 million, indicating the company's ability to generate liquidity from its operating activities.

The company's emphasis on these non-GAAP measures underscores its commitment to providing transparency to investors and analysts regarding its financial performance and liquidity position. The detailed calculations and reconciliations to GAAP results are available in the online presentation.

Mueller Water Products did not reconcile forward-looking non-GAAP measures to comparable GAAP measures due to certain uncontrollable or unpredictable expenses, as permitted by regulation. This decision aligns with the company's effort to avoid implying a degree of precision and certainty that may be confusing to investors, considering potential substantial impacts on GAAP measures.

The market has reacted to these announcements by moving the company's shares -0.46% to a price of $23.81. For the full picture, make sure to review Mueller Water Products's 8-K report.

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