Mueller Water Products (MWA) FY2021 results: revenue $1.1 billion, up 15.2% on the year
Mueller Water Products, Inc. (MWA) reported revenue of $1.1 billion for fiscal 2021, the year ended 30 September 2021, up 15.2% on the year before. Net income was $70 million, down 2.2%, and diluted earnings per share $0.44. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2021.
Revenue
$1.1 billion
+15.2% on the year
FY2014FY2021
Operating margin
11.9%
12.1% a year earlier
FY2014FY2021
Net income
$70 million
-2.2% on the year
FY2014FY2021
Diluted EPS
$0.44
-2.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
157
140
92.5
+11.7%
Capital expenditure
62.7
67.7
86.6
-7.4%
Free cash flow
94.0
72.6
5.9
+29.5%
Free cash flow margin
8.5%
7.5%
0.6%
Cash from investing
-81.7
-67.5
-212
Cash from financing
-58.8
-41.4
-50.9
Depreciation and amortisation
59.6
57.8
53.0
+3.1%
Share-based compensation
8.1
5.3
4.3
+52.8%
Buybacks
10.0
5.0
10.0
+100.0%
Dividends paid
34.8
33.1
32.0
+5.1%
Dividend per share
$0.22
$0.21
$0.20
+4.8%
Diluted shares, weighted
159m
159m
159m
+0.4%
Shares outstanding at period end
158m
158m
157m
-0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
695
641
590
+8.5%
Non-controlling interest
n/a
0.0
2.2
Debt
452
452
452
-0.1%
Operating lease liabilities
24.6
23.3
0.0
+5.6%
Finance lease liabilities
1.2
1.4
n/a
-14.3%
Other liabilities
345
277
293
+24.5%
Total liabilities and equity
1,518
1,395
1,337
+8.8%
Fixed assets
283
254
217
+11.7%
Goodwill
115
99.8
95.7
+15.3%
Intangible assets
392
409
434
-4.0%
Cash and equivalents
228
209
177
+8.9%
Receivables
212
181
173
+17.4%
Inventory
185
162
191
+13.7%
Other assets
103
80.3
49.9
+27.8%
Total assets
1,518
1,395
1,337
+8.8%
10-K for the year ended 30 September 2021, filed 19 November 2021: the filing.