Quarterly ResultMay 5, 2026, 04:26 PM
Mueller Water Products Raises FY26 EBITDA Guidance; Q2 Sales +5.5%
AI Summary
Mueller Water Products reported strong second-quarter fiscal 2026 results, with net sales increasing 5.5% to $384.4 million and adjusted net income per diluted share rising 17.6% to $0.40. The company achieved record quarterly net sales, adjusted EBITDA, and adjusted net income per diluted share, driven by higher pricing and volumes across both Water Flow Solutions and Water Management Solutions segments. Based on this outstanding performance, Mueller Water Products raised its fiscal 2026 adjusted EBITDA outlook to between $360 million and $365 million.
Key Highlights
- Raised fiscal 2026 Adjusted EBITDA guidance to between $360 million and $365 million.
- Q2 2026 net sales increased 5.5% to $384.4 million, compared to $364.3 million in prior year.
- Q2 2026 adjusted net income per diluted share rose 17.6% to $0.40, up from $0.34.
- Q2 2026 adjusted EBITDA increased 15.0% to $97.2 million, compared to $84.5 million.
- Water Flow Solutions segment net sales grew 1.0% to $218.3 million, with adjusted operating income up 16.6%.
- Water Management Solutions segment net sales increased 12.2% to $166.1 million, with adjusted operating income up 13.1%.
- Net cash provided by operating activities for the six-month period was $48.4 million, and free cash flow was $16.5 million.
- The company ended the quarter with $452.4 million of total debt and $421.0 million of cash and cash equivalents.