Increased Net Sales 4.6% to $318.2 Million Reported Net Income per Diluted Share of $0.27 Achieved Adjusted Net Income per Diluted Share of $0.29 Raises Annual Guidance for Fiscal 2026 Net Sales and Adjusted EBITDA ATLANTA, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA), a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America, announced financial results for its fiscal 2026 first quarter ended December 31, 2025. In the first quarter of 2026, the Company: Increased net sales 4.6% to $318.2 million as compared with $304.3 million in the prior year quarter Reported operating income of $56.7 million as compared with $47.4 million in the prior year quarter, and increased adjusted operating income 14.5% to $60.0 million as compared with $52.4 million in the prior year quarter Reported operating margin of 17.8% as compared with 15.6% in the prior year quarter, and expanded adjusted operating margin to 18.9% as compared with 17.2% in the prior year quarter Reported net income of $43.2 million as compared with $35.3 million in the prior year quarter, with net income margin of 13.6% as compared with 11.6% in the prior year quarter, and increased adjusted net income 16.8% to $45.8 million as compared with $39.2 million in the prior year quarter Reported net income per diluted share of $0.27 as compared with $0.22 in the prior year quarter, and increased adjusted net income per diluted share 16.0% to $0.29 as compared with $0.25 in the prior year quarter Increased adjusted EBITDA 13.5% to $72.1 million as compared with $63.5 million in the prior year quarter, and expanded adjusted EBITDA margin to 22.7% as compared with 20.9% in the prior year quarter Reported net cash provided by operating activities for the three-month period of $61.2 million as compared with $54.1 million in the prior year period Generated free cash flow for the three-month period of $44.0 million as compared with $42.2 million in the prior year period Repurchased $5.5 million of common stock during the first quarter “We are pleased with the great start to our fiscal year, with solid net sales growth and year-over-year adjusted EBITDA margin expansion.
