Mueller Water Products (MWA) FY2023 results: revenue $1.3 billion, up 2.3% on the year
Mueller Water Products, Inc. (MWA) reported revenue of $1.3 billion for fiscal 2023, the year ended 30 September 2023, up 2.3% on the year before. Net income was $86 million, up 11.6%, and diluted earnings per share $0.55. The figures are the company's own, from the 10-K it filed with the SEC on 14 December 2023.
Revenue
$1.3 billion
+2.3% on the year
FY2016FY2023
Operating margin
10.0%
8.9% a year earlier
FY2016FY2023
Net income
$86 million
+11.6% on the year
FY2016FY2023
Diluted EPS
$0.55
+14.6% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
109
52.3
157
+108.4%
Capital expenditure
47.6
54.7
62.7
-13.0%
Free cash flow
61.4
-2.4
94.0
Free cash flow margin
4.8%
-0.2%
8.5%
Cash from investing
-42.1
-54.9
-81.7
Cash from financing
-48.8
-72.0
-58.8
Depreciation and amortisation
62.5
60.5
59.6
+3.3%
Share-based compensation
8.5
8.7
8.1
-2.3%
Buybacks
10.0
35.0
10.0
-71.4%
Dividends paid
38.1
36.5
34.8
+4.4%
Dividend per share
$0.24
$0.23
$0.22
+5.2%
Diluted shares, weighted
157m
158m
159m
-0.8%
Shares outstanding at period end
156m
156m
158m
+0.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
712
669
695
+6.3%
Debt
447
452
452
-0.9%
Operating lease liabilities
19.8
22.4
24.6
-11.6%
Finance lease liabilities
0.6
0.8
1.2
-25.0%
Other liabilities
326
354
345
-8.0%
Total liabilities and equity
1,505
1,498
1,518
+0.5%
Fixed assets
312
302
283
+3.3%
Goodwill
93.7
98.6
115
-5.0%
Intangible assets
334
361
392
-7.5%
Cash and equivalents
160
146
228
+9.4%
Receivables
217
228
212
-4.8%
Inventory
298
279
185
+6.9%
Other assets
90.3
83.5
103
+8.1%
Total assets
1,505
1,498
1,518
+0.5%
10-K for the year ended 30 September 2023, filed 14 December 2023: the filing.