Pulling SEC filings + quote and writing the call…

Mueller Water Products, Inc.
Next earnings Aug 3, 2026 (after close) · consensus $0.40 EPS, $395M rev
Last earnings +1.2% on 2026-05-05
MWA's municipal water moat is delivering accelerating earnings, a fortress balance sheet, and a reasonable 21.5x P/E — buy.
Sources: SEC EDGAR (CIK 0001350593, latest 10-Q filed 2026-05-06) · EODHD · analysis by claude-code · as of 6/25/2026, 1:00:38 PM.
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Quality fundamentals and an attractive price line up (~77% below fair value) — the rarer case where both the business and the entry look good.
Mueller Water Products is a high-quality infrastructure compounder hitting an inflection. FY2025 revenue grew 8.7% to $1.43B but net income surged 65.4% to $192M and diluted EPS jumped 64.9% to $1.22, evidence of real operating leverage as the brass foundry transition and prior cost actions land. Operating margin expanded to 18.2% (operating income +43.4%) and ROE reached 19.5% — best-in-class for a 'Miscellaneous Fabricated Metal Products' name. The five-year arc (revenue $1.11B→$1.43B, net income $70M→$192M) confirms this is structural, not a one-off.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.11B | $1.25B | $1.28B | $1.31B | $1.43B |
| Gross profit | $359M | $364M | $380M | $459M | $517M |
| Operating income | $132M | $112M | $127M | $182M | $261M |
| Net income | $70.4M | $76.6M | $85.5M | $116M | $192M |
| Diluted EPS | $0.44 | $0.48 | $0.55 | $0.74 | $1.22 |
| Net margin | 6.3% | 6.1% | 6.7% | 8.8% | 13.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Officer/director change disclosed; follows recent CEO transition reshaping leadership
Q2 FY26 10-Q filed; pricing offsets tariffs but dilutes margins per guidance
Q2 FY26 earnings release issued, extending growth trajectory from strong FY25
Reg FD investor materials furnished; no material new financial disclosure
Paul McAndrew formally becomes CEO as Zakas retires; planned succession executed
Annual meeting vote results filed; directors and routine proposals approved
Q1 FY26 10-Q filed; brass foundry transition completed to lift efficiency
Q1 FY26 earnings release issued; results carry FY25 momentum into new year
FY26 proxy: exec pay and board slate set ahead of CEO succession vote
1075 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 1 open-market buy · 1 sale
| 2026-06-08 | Floyd Scott P. EVP & Chief Commercial Officer | Tax | 5.91K @ $25.37 | $150K |
| 2026-05-28 | ZAKAS MARIETTA EDMUNDS Former Officer and Director | Sell | 54.3K @ $25.26 | $1.37M |
| 2026-05-15 | Healy Brian C. Director | Buy | 1.17K @ $25.75 | $30.0K |
| 2026-03-17 | Helms Todd P SVP and CHRO | Sell | 10.7K @ $27.61 | $296K |
| 2026-03-03 | Rasmussen Melissa SVP and CFO | Tax | 3.34K @ $29.36 | $98.1K |
| 2026-02-25 | SENGSTACK GREGG C Director | Buy | 25.0K @ $29.58 | $739K |
| 2026-02-23 | Floyd Scott P. EVP & Chief Commercial Officer | Award | 1.06K | |
| 2026-02-19 | Helms Todd P SVP and CHRO | Sell | 10.7K @ $29.72 | $319K |
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.