Mueller Water Products (MWA) FY2020 results: revenue $964 million, down 0.4% on the year
Mueller Water Products, Inc. (MWA) reported revenue of $964 million for fiscal 2020, the year ended 30 September 2020, down 0.4% on the year before. Net income was $72 million, up 12.9%, and diluted earnings per share $0.45. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2020.
Revenue
$964 million
-0.4% on the year
FY2013FY2020
Operating margin
12.1%
12.8% a year earlier
FY2013FY2020
Net income
$72 million
+12.9% on the year
FY2013FY2020
Diluted EPS
$0.45
+12.5% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
964
968
916
-0.4%
Cost of revenue
636
647
626
-1.7%
Gross profit
328
321
290
+2.3%
Gross margin
34.0%
33.2%
31.6%
Research and development
15.0
14.3
11.6
+4.9%
Selling, general and administrative
198
183
167
+8.6%
Operating income
117
124
122
-6.0%
Operating margin
12.1%
12.8%
13.3%
Interest expense
26.6
23.3
25.3
+14.2%
Pre-tax income
94.1
82.1
95.7
+14.6%
Income tax
22.1
18.3
-9.9
+20.8%
Effective tax rate
23.5%
22.3%
-10.3%
Net income
72.0
63.8
106
+12.9%
Net margin
7.5%
6.6%
11.5%
Diluted EPS
$0.45
$0.40
$0.66
+12.5%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
140
92.5
133
+51.7%
Capital expenditure
67.7
86.6
55.7
-21.8%
Free cash flow
72.6
5.9
77.4
+1,130.5%
Free cash flow margin
7.5%
0.6%
8.4%
Cash from investing
-67.5
-212
-47.9
Cash from financing
-41.4
-50.9
-98.3
Depreciation and amortisation
57.8
53.0
43.7
+9.1%
Share-based compensation
5.3
4.3
5.2
+23.3%
Buybacks
5.0
10.0
30.0
-50.0%
Dividends paid
33.1
32.0
30.1
+3.4%
Dividend per share
$0.21
$0.20
$0.19
+3.7%
Diluted shares, weighted
159m
159m
160m
-0.3%
Shares outstanding at period end
158m
157m
157m
+0.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
641
590
563
+8.6%
Non-controlling interest
0.0
2.2
1.5
Debt
452
452
452
+0.1%
Operating lease liabilities
23.3
0.0
n/a
Finance lease liabilities
1.4
n/a
n/a
Other liabilities
277
293
276
-5.4%
Total liabilities and equity
1,395
1,337
1,292
+4.3%
Fixed assets
254
217
151
+16.9%
Goodwill
99.8
95.7
12.1
+4.3%
Intangible assets
409
434
408
-5.7%
Cash and equivalents
209
177
347
+18.2%
Receivables
181
173
164
+4.6%
Inventory
162
191
157
-15.1%
Other assets
80.3
49.9
52.8
+60.9%
Total assets
1,395
1,337
1,292
+4.3%
10-K for the year ended 30 September 2020, filed 19 November 2020: the filing.