Mueller Water Products (MWA) FY2016 results: revenue $801 million, up 0.9% on the year
Mueller Water Products, Inc. (MWA) reported revenue of $801 million for fiscal 2016, the year ended 30 September 2016, up 0.9% on the year before. Net income was $64 million, up 106.8%, and diluted earnings per share $0.39. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2018.
Revenue
$801 million
+0.9% on the year
FY2009FY2016
Operating margin
14.0%
10.0% a year earlier
FY2009FY2016
Net income
$64 million
+106.8% on the year
FY2009FY2016
Diluted EPS
$0.39
+105.3% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
801
793
1,185
+0.9%
Cost of revenue
532
547
837
-2.8%
Gross profit
269
246
348
+9.2%
Gross margin
33.6%
31.0%
29.4%
Research and development
9.9
12.1
14.4
-18.2%
Selling, general and administrative
150
147
221
+1.9%
Operating income
112
79.6
124
+41.0%
Operating margin
14.0%
10.0%
10.5%
Interest expense
24.0
27.8
50.0
-13.7%
Pre-tax income
n/a
n/a
73.5
Income tax
24.2
8.3
18.0
+191.6%
Effective tax rate
n/a
n/a
24.5%
Net income
63.9
30.9
55.5
+106.8%
Net margin
8.0%
3.9%
4.7%
Diluted EPS
$0.39
$0.19
$0.34
+105.3%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
145
87.8
148
+65.3%
Capital expenditure
31.5
27.2
36.9
+15.8%
Free cash flow
114
60.6
111
+87.5%
Free cash flow margin
14.2%
7.6%
9.3%
Depreciation and amortisation
39.5
43.4
56.7
-9.0%
Share-based compensation
4.7
4.0
8.6
+17.5%
Buybacks
0.0
5.0
0.0
Dividends paid
16.1
12.0
11.2
+34.2%
Dividend per share
$0.10
$0.07
$0.07
+33.3%
Diluted shares, weighted
163m
163m
162m
+0.1%
Shares outstanding at period end
162m
160m
160m
+0.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
418
366
350
+14.2%
Non-controlling interest
1.2
1.5
1.6
-20.0%
Debt
491
496
546
-1.0%
Other liabilities
370
366
415
+1.1%
Total liabilities and equity
1,281
1,230
1,312
+4.1%
Fixed assets
108
149
146
-27.2%
Goodwill
5.4
5.4
5.4
0.0%
Intangible assets
435
507
534
-14.3%
Cash and equivalents
195
113
161
+72.4%
Receivables
132
175
182
-24.8%
Inventory
131
219
198
-40.3%
Other assets
275
60.7
86.0
+352.6%
Total assets
1,281
1,230
1,312
+4.1%
10-K for the year ended 30 September 2016, filed 21 November 2018: the filing.