Mueller Water Products (MWA) FY2015 results: revenue $793 million, down 33.0% on the year
Mueller Water Products, Inc. (MWA) reported revenue of $793 million for fiscal 2015, the year ended 30 September 2015, down 33.0% on the year before. Net income was $31 million, down 44.3%, and diluted earnings per share $0.19. The figures are the company's own, from the 10-K it filed with the SEC on 24 November 2015.
Revenue
$793 million
-33.0% on the year
FY2009FY2015
Operating margin
10.0%
10.5% a year earlier
FY2009FY2015
Net income
$31 million
-44.3% on the year
FY2009FY2015
Diluted EPS
$0.19
-44.1% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
793
1,185
1,121
-33.0%
Cost of revenue
547
837
808
-34.6%
Gross profit
246
348
313
-29.2%
Gross margin
31.0%
29.4%
27.9%
Research and development
12.1
14.4
14.8
-16.0%
Selling, general and administrative
147
221
214
-33.5%
Operating income
79.6
124
97.3
-35.9%
Operating margin
10.0%
10.5%
8.7%
Interest expense
27.8
50.0
52.0
-44.4%
Pre-tax income
n/a
73.5
44.2
Income tax
8.3
18.0
8.8
-53.9%
Effective tax rate
n/a
24.5%
19.9%
Net income
30.9
55.5
40.8
-44.3%
Net margin
3.9%
4.7%
3.6%
Diluted EPS
$0.19
$0.34
$0.25
-44.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
87.8
148
109
-40.5%
Capital expenditure
27.2
36.9
35.6
-26.3%
Free cash flow
60.6
111
73.6
-45.3%
Free cash flow margin
7.6%
9.3%
6.6%
Depreciation and amortisation
43.4
56.7
59.2
-23.5%
Share-based compensation
4.0
8.6
7.1
-53.5%
Buybacks
5.0
0.0
0.0
Dividends paid
12.0
11.2
11.0
+7.1%
Dividend per share
$0.07
$0.07
$0.07
+7.1%
Diluted shares, weighted
163m
162m
160m
+0.6%
Shares outstanding at period end
160m
160m
158m
+0.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
366
350
328
+4.7%
Non-controlling interest
1.5
1.6
0.0
-6.2%
Debt
496
546
601
-9.0%
Other liabilities
366
415
353
-12.0%
Total liabilities and equity
1,230
1,312
1,282
-6.3%
Fixed assets
149
146
142
+1.8%
Goodwill
5.4
5.4
0.0
0.0%
Intangible assets
507
534
553
-4.9%
Cash and equivalents
113
161
124
-29.8%
Receivables
175
182
164
-3.7%
Inventory
219
198
208
+10.7%
Other assets
60.7
86.0
90.3
-29.4%
Total assets
1,230
1,312
1,282
-6.3%
10-K for the year ended 30 September 2015, filed 24 November 2015: the filing.