Earnings Releases·Nov 4, 2026, 4:16 PM ET

Mueller Water Products — Fiscal Year 2026 Earnings Summary

Full-year 2026 net sales increased 3.2% year-over-year to $1,475.0 million, while adjusted net income per diluted share rose 15.6% to $1.57 and adjusted EBITDA grew 14.1% to $372.2 million, expanding margins to 25.2%.
Fiscal 2027 guidance projects consolidated net sales of $1,440–$1,470 million (excluding metering results) and adjusted EBITDA of $378–$388 million, with free cash flow expected to exceed 80% of adjusted net income.
The company announced a strategic agreement to transition its metering business to ZENNER USA and incurred $8.9 million in strategic reorganization charges related to the Decatur foundry closure.
Capital return initiatives included a $300.0 million increase to stock repurchase authorization and a 14.3% dividend increase to $0.08 per share, totaling $74.3 million returned to shareholders in fiscal 2026.
Strong cash generation was highlighted with $262.9 million in operating cash flow and $207.3 million in free cash flow for the full year, supported by a net cash position of $112.2 million ($566.0M cash less $453.8M debt).