MUELLER WATER PRODUCTS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.31B | $1.28B | $1.25B | $1.11B | $964.1M | $968.0M | $916.0M |
| Cost of Revenue | $913.0M | $855.7M | $896.2M | $883.1M | $752.5M | $635.9M | $647.1M | $626.1M |
| Gross Profit | $516.7M | $459.0M | $379.5M | $364.3M | $358.5M | $328.2M | $320.9M | $289.9M |
| Gross Margin | 36.1% | 34.9% | 29.7% | 29.2% | 32.3% | 34.0% | 33.2% | 31.6% |
| Operating Expenses | ||||||||
| Research & Development | $19.9M | $20.5M | $25.9M | $24.5M | $17.1M | $15.0M | $14.3M | $11.6M |
| SG&A Expense | $247.3M | $245.2M | $241.9M | $238.7M | $218.8M | $198.4M | $182.7M | $166.7M |
| Operating Income | $260.6M | $181.7M | $127.4M | $111.6M | $131.7M | $116.8M | $124.3M | $121.7M |
| Operating Margin | 18.2% | 13.8% | 10.0% | 8.9% | 11.9% | 12.1% | 12.8% | 13.3% |
| Interest Expense | $20.0M | $21.5M | $18.4M | $17.6M | $23.8M | $26.6M | $23.3M | $25.3M |
| Pretax Income | $254.2M | $163.4M | $109.0M | $98.6M | $94.9M | $94.1M | $82.1M | $95.7M |
| Income Tax Expense | $62.5M | $47.5M | $23.5M | $22.0M | $24.5M | $22.1M | $18.3M | $-9.9M |
| Net Income | $191.7M | $115.9M | $85.5M | $76.6M | $70.4M | $72.0M | $63.8M | $105.6M |
| Net Margin | 13.4% | 8.8% | 6.7% | 6.1% | 6.3% | 7.5% | 6.6% | 11.5% |
| EPS (Basic) | $1.23 | $0.74 | $0.55 | $0.49 | $0.44 | $0.46 | $0.40 | $0.67 |
| EPS (Diluted) | $1.22 | $0.74 | $0.55 | $0.48 | $0.44 | $0.45 | $0.40 | $0.66 |
| Shares Outstanding (Basic) | 156.4M | 155.9M | 156.3M | 157.4M | 158.4M | 157.8M | 157.8M | 158.2M |
| Shares Outstanding (Diluted) | 157.5M | 156.9M | 156.8M | 158.0M | 159.2M | 158.6M | 159.0M | 159.7M |
| Dividends Per Share | $0.27 | $0.26 | $0.24 | $0.23 | $0.22 | $0.21 | $0.20 | $0.19 |