Mueller Water Products (MWA) FY2017 results: revenue $826 million, up 3.2% on the year
Mueller Water Products, Inc. (MWA) reported revenue of $826 million for fiscal 2017, the year ended 30 September 2017, up 3.2% on the year before. Net income was $123 million, up 93.0%, and diluted earnings per share $0.76. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2018.
Revenue
$826 million
+3.2% on the year
FY2010FY2017
Operating margin
12.4%
14.0% a year earlier
FY2010FY2017
Net income
$123 million
+93.0% on the year
FY2010FY2017
Diluted EPS
$0.76
+94.9% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
826
801
793
+3.2%
Cost of revenue
558
532
547
+5.0%
Gross profit
268
269
246
-0.5%
Gross margin
32.4%
33.6%
31.0%
Research and development
12.1
9.9
12.1
+22.2%
Selling, general and administrative
155
150
147
+3.9%
Operating income
102
112
79.6
-9.0%
Operating margin
12.4%
14.0%
10.0%
Interest expense
24.2
24.0
27.8
+0.8%
Income tax
24.2
24.2
8.3
0.0%
Net income
123
63.9
30.9
+93.0%
Net margin
14.9%
8.0%
3.9%
Diluted EPS
$0.76
$0.39
$0.19
+94.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
16.1
145
87.8
-88.9%
Capital expenditure
40.6
31.5
27.2
+28.9%
Free cash flow
-24.5
114
60.6
Free cash flow margin
-3.0%
14.2%
7.6%
Depreciation and amortisation
41.9
39.5
43.4
+6.1%
Share-based compensation
6.0
4.7
4.0
+27.7%
Buybacks
55.0
0.0
5.0
Dividends paid
24.0
16.1
12.0
+49.1%
Dividend per share
$0.15
$0.10
$0.07
+50.0%
Diluted shares, weighted
162m
163m
163m
-1.0%
Shares outstanding at period end
159m
162m
160m
-1.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
488
418
366
+16.8%
Non-controlling interest
1.1
1.2
1.5
-8.3%
Debt
486
491
496
-1.0%
Other liabilities
282
370
366
-23.6%
Total liabilities and equity
1,258
1,281
1,230
-1.7%
Fixed assets
122
108
149
+12.8%
Goodwill
12.9
5.4
5.4
+138.9%
Intangible assets
439
435
507
+1.1%
Cash and equivalents
362
195
113
+85.5%
Receivables
145
132
175
+10.2%
Inventory
139
131
219
+6.3%
Other assets
37.9
275
60.7
-86.2%
Total assets
1,258
1,281
1,230
-1.7%
10-K for the year ended 30 September 2017, filed 21 November 2018: the filing.