| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 395.90 | 3.0% | 4.1% |
| Total Income | 395.90 | 3.0% | 4.1% |
| Expenditure | 315.30 | 3.7% | 2.8% |
| PBT | 79.80 | 1.3% | 10.8% |
| Net Profit | 67.30 | 13.9% | 28.2% |
| OPM | 20.36% | 0.56pp | 0.98pp |
| NPM | 17.00% | 1.62pp | 3.19pp |
| EPS | 0.43 | 13.2% | 26.5% |
Mueller Water Products Reports Q3 2026 Results: Net Sales Up 4.1%, Raises Annual Guidance
06 Aug 2026 · 6 Aug, 1:53 am
Summary
Mueller Water Products announced strong third quarter results for fiscal 2026, with net sales rising 4.1% to $395.9 million. The company reported a significant increase in adjusted operating income, up 27.0% to $94.9 million, and expanded adjusted EBITDA by 24.3% to $107.4 million, with margins improving substantially. Management highlighted strong execution and progress against operating priorities, leading to record quarterly performance and an increase in annual adjusted EBITDA guidance.
Key Highlights
- 1
Net sales increased 4.1% to $395.9 million for the fiscal 2026 third quarter compared to the prior year quarter.
- 2
Reported operating income of $80.6 million, an increase of 9.4% year-over-year.
- 3
Adjusted operating income increased 27.0% to $94.9 million, with adjusted operating margin expanding to 24.0%.
- 4
Reported net income of $67.3 million, an increase of 28.2% year-over-year, with net income margin expanding to 17.0%.
- 5
Adjusted EBITDA increased 24.3% to $107.4 million, with adjusted EBITDA margin expanding to 27.1%.
- 6
The company raised its annual guidance for fiscal 2026 adjusted EBITDA.
Management Comments
Paul McAndrew
Our outstanding third quarter results reflect strong execution across the business and continued progress against our operating priorities, despite a dynamic operating environment. We delivered quarterly records for net sales, adjusted EBITDA and adjusted net income per diluted share, while expanding our adjusted EBITDA margin 440 basis points year-over-year. These results demonstrate the strength of our brands and product portfolio, as well as the benefits from our continued focus on operational excellence, productivity and disciplined cost management. I am proud of what our teams have accomplished and their continued commitment to serving our customers. With our increased fiscal 2026 adjusted EBITDA guidance, we remain on track to deliver another year of meaningful margin expansion. While we continue to navigate slower new residential construction activity and broader external uncertainty, we remain focused on executing our strategies, investing in growth and proactively managing costs. We believe the disciplined execution embedded in the Mueller Operating System positions us well to build on this momentum and create long-term value for our customers and shareholders.
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