Mueller Water Products (MWA) FY2013 results: revenue $1.1 billion, up 9.5% on the year
Mueller Water Products, Inc. (MWA) reported revenue of $1.1 billion for fiscal 2013, the year ended 30 September 2013, up 9.5% on the year before. Net income was $41 million, and diluted earnings per share $0.25. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2013.
Revenue
$1.1 billion
+9.5% on the year
FY2009FY2013
Operating margin
8.7%
6.3% a year earlier
FY2009FY2013
Net income
$41 million
FY2009FY2013
Diluted EPS
$0.25
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,121
1,024
965
+9.5%
Cost of revenue
808
753
716
+7.3%
Gross profit
313
271
248
+15.5%
Gross margin
27.9%
26.5%
25.7%
Research and development
14.8
12.7
9.9
+16.5%
Selling, general and administrative
214
204
192
+5.0%
Operating income
97.3
64.1
52.7
+51.8%
Operating margin
8.7%
6.3%
5.5%
Interest expense
52.0
60.2
-65.9
-13.6%
Pre-tax income
44.2
2.7
-12.9
+1,537.0%
Income tax
8.8
7.9
-2.9
+11.4%
Effective tax rate
19.9%
292.6%
n/a
Net income
40.8
-108
-38.1
Net margin
3.6%
-10.6%
-3.9%
Diluted EPS
$0.25
-$0.69
-$0.25
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
109
33.5
40.1
+226.0%
Capital expenditure
35.6
31.4
23.1
+13.4%
Free cash flow
73.6
2.1
17.0
+3,404.8%
Free cash flow margin
6.6%
0.2%
1.8%
Cash from investing
n/a
n/a
-39.3
Cash from financing
n/a
n/a
-22.9
Depreciation and amortisation
59.2
60.6
63.1
-2.3%
Share-based compensation
7.1
5.1
5.0
+39.2%
Buybacks
0.0
n/a
n/a
Dividends paid
11.0
11.0
10.9
0.0%
Dividend per share
$0.07
$0.00
$0.07
Diluted shares, weighted
160m
156m
155m
+2.4%
Shares outstanding at period end
158m
157m
156m
+0.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
328
231
379
+42.0%
Non-controlling interest
0.0
n/a
n/a
Debt
601
623
678
-3.5%
Other liabilities
353
387
428
-8.8%
Total liabilities and equity
1,282
1,241
1,485
+3.3%
Fixed assets
142
138
146
+2.9%
Goodwill
0.0
0.0
0.5
Intangible assets
553
580
602
-4.7%
Cash and equivalents
124
83.0
61.0
+48.9%
Receivables
164
166
147
-1.0%
Inventory
208
183
176
+13.8%
Other assets
90.3
90.2
352
+0.1%
Total assets
1,282
1,241
1,485
+3.3%
10-K for the year ended 30 September 2013, filed 22 November 2013: the filing.