Mueller Water Products (MWA) FY2024 results: revenue $1.3 billion, up 3.1% on the year
Mueller Water Products, Inc. (MWA) reported revenue of $1.3 billion for fiscal 2024, the year ended 30 September 2024, up 3.1% on the year before. Net income was $116 million, up 35.6%, and diluted earnings per share $0.74. The figures are the company's own, from the 10-K it filed with the SEC on 20 November 2024.
Revenue
$1.3 billion
+3.1% on the year
FY2017FY2024
Operating margin
13.8%
10.0% a year earlier
FY2017FY2024
Net income
$116 million
+35.6% on the year
FY2017FY2024
Diluted EPS
$0.74
+34.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
239
109
52.3
+119.1%
Capital expenditure
47.4
47.6
54.7
-0.4%
Free cash flow
191
61.4
-2.4
+211.7%
Free cash flow margin
14.6%
4.8%
-0.2%
Cash from investing
-47.2
-42.1
-54.9
Cash from financing
-46.0
-48.8
-72.0
Depreciation and amortisation
66.2
62.5
60.5
+5.9%
Share-based compensation
9.0
8.5
8.7
+5.9%
Buybacks
10.0
10.0
35.0
0.0%
Dividends paid
39.9
38.1
36.5
+4.7%
Dividend per share
$0.26
$0.24
$0.23
+4.9%
Diluted shares, weighted
157m
157m
158m
+0.1%
Shares outstanding at period end
156m
156m
156m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
810
712
669
+13.9%
Debt
450
447
452
+0.5%
Operating lease liabilities
22.5
19.8
22.4
+13.6%
Finance lease liabilities
1.9
0.6
0.8
+216.7%
Other liabilities
352
326
354
+8.0%
Total liabilities and equity
1,636
1,505
1,498
+8.7%
Fixed assets
319
312
302
+2.3%
Goodwill
80.7
93.7
98.6
-13.9%
Intangible assets
310
334
361
-7.3%
Cash and equivalents
310
160
146
+93.3%
Receivables
209
217
228
-3.8%
Inventory
302
298
279
+1.3%
Other assets
106
90.3
83.5
+17.6%
Total assets
1,636
1,505
1,498
+8.7%
10-K for the year ended 30 September 2024, filed 20 November 2024: the filing.