Every material Form 8-K Mueller Water Products has filed with the SEC since November 06, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Mueller Water Products reported record fiscal 2026 results, with full-year net sales up 3.2% to $1.5 billion and net income up to $221.9 million, while fourth-quarter net sales fell 1.1%. The company also agreed to transition its metering business to ZENNER USA, with expected one-time pre-tax charges of about $26 million, and introduced fiscal 2027 guidance that excludes metering.
Fiscal 2026 net income was $221.9 million, or $1.41 per diluted share, versus $191.7 million, or $1.22, a year earlier.
Fourth-quarter net sales decreased 1.1% to $376.5 million, and net income was $52.3 million, or $0.33 per diluted share, versus $0.33 a year earlier.
The metering business will transition to ZENNER USA, with total one-time pre-tax charges of approximately $26 million, mostly in fiscal 2027.
Fiscal 2027 guidance calls for net sales of $1,440 million to $1,470 million and adjusted EBITDA of $378 million to $388 million, excluding metering.
Mueller Water Products' board raised its quarterly dividend 14.3%, to $0.080 per share from $0.070, and authorized an additional $300 million for stock repurchases. About $334.5 million is now available under the expanded program. The moves return more capital to shareholders, and the company said it gives it flexibility to repurchase shares when it believes they are undervalued.
Quarterly dividend of $0.080 per share, up 14.3% from $0.070, payable November 19, 2026, to holders of record on November 9, 2026
Board added $300 million to the existing repurchase program, bringing available authorization to about $334.5 million
Company repurchased $30.5 million of common stock in fiscal 2026, including $15.0 million in the quarter ended September 30, 2026
Mueller Water Products said Chief Financial Officer Melissa Rasmussen will step down, with the change taking effect the first business day after the company files its 10-K for the fiscal year ended September 30, 2026. Mike Morgan, currently CFO of IvyTree Holdings LLC, was appointed Executive Vice President, Finance, effective October 28, 2026, and will become Executive Vice President and CFO at the transition date. The filing states the departure is not the result of any disagreement over financial statements, internal controls, operations, policies or practices.
Melissa Rasmussen steps down as Senior Vice President and CFO; she will serve as Senior Advisor through December 31, 2026.
Mike Morgan, age 56, was appointed Executive Vice President, Finance, effective October 28, 2026, and will become CFO at the transition date (the press release says on or about November 19, 2026).
Morgan's offer letter provides a $575,000 base salary, an 80% target bonus, a $1,300,000 target long-term incentive from fiscal 2027, and a $700,000 sign-on bonus.
Rasmussen's transition agreement provides a $431,897 retention payment and a fiscal 2026 bonus based on actual performance, subject to a release of claims.
Mueller Water Products reported fiscal third-quarter 2026 results for the period ended June 30, 2026, with net sales up 4.1% to $395.9 million and net income of $67.3 million, or $0.43 per diluted share, compared with $0.33 a year earlier. The company raised its fiscal 2026 adjusted EBITDA guidance to between $367 million and $372 million, which signals higher expected profitability for shareholders.
Net sales rose 4.1% to $395.9 million, from $380.3 million in the prior-year quarter, mainly on higher pricing
Net income per diluted share was $0.43, up from $0.33; adjusted net income per diluted share was $0.50, up from $0.34
Adjusted EBITDA rose 24.3% to $107.4 million; fiscal 2026 adjusted EBITDA guidance is now $367 million to $372 million
The company repurchased $10.0 million of common stock in the quarter
Mueller Water Products said its Senior Vice President and Chief Human Resources Officer, Todd P. Helms, will leave the company effective September 1, 2026. He will serve as a senior advisor under a consulting agreement through September 30, 2026, to ensure an orderly transition.
Todd P. Helms, SVP and Chief Human Resources Officer, departs effective September 1, 2026
Consulting agreement runs until September 30, 2026, with a consulting fee of $5,000
Helms will receive severance under the Executive Severance Plan, filed as Exhibit 10.39 to the 10-K filed November 19, 2025
Mueller Water Products reported fiscal second-quarter net sales of $384.4 million, up 5.5%, and net income of $59.1 million, or $0.38 per diluted share, compared with $0.33 a year earlier. The company raised its fiscal 2026 adjusted EBITDA outlook to $360 million to $365 million, while six-month operating cash flow and free cash flow both declined from the prior year.
Q2 net sales of $384.4 million, up from $364.3 million, driven by higher pricing across most product lines and increased volumes.
Adjusted net income per diluted share of $0.40 versus $0.34; adjusted EBITDA of $97.2 million, up 15.0%.
Fiscal 2026 adjusted EBITDA guidance raised to $360 million to $365 million; net sales guidance of $1,470 million to $1,490 million reiterated.
Six-month free cash flow of $16.5 million versus $47.3 million a year earlier; cash and cash equivalents were $421.0 million at March 31, 2026.
Mueller Water Products appointed Scott Floyd, currently Senior Vice President, Sales and Marketing, as Executive Vice President and Chief Commercial Officer, effective February 23, 2026, as part of its management succession plans. The filing sets his base salary at $550,000 and his fiscal 2026 target bonus at 70% of base salary, and grants him an equity award valued at $125,000. The filing does not report any financial results or guidance.
Scott Floyd, age 56, becomes Executive Vice President and Chief Commercial Officer effective February 23, 2026; the Board approved the appointment on the Compensation and Human Resources Committee's recommendation dated February 17, 2026.
Floyd had served as Senior Vice President, Sales and Marketing since March 2024, and has held Company positions since 1998.
Base salary increased to $550,000; fiscal 2026 target annual bonus set at 70% of base salary.
Equity award grant with an aggregate value of $125,000 to maintain his target long-term incentive opportunity for fiscal 2026.
Mueller Water Products reported first-quarter fiscal 2026 results for the quarter ended December 31, 2025, with net sales up 4.6% to $318.2 million and diluted earnings per share of $0.27, up from $0.22. The company raised its fiscal 2026 guidance for net sales and adjusted EBITDA, which signals management's expectation of stronger full-year results.
Net sales rose to $318.2 million from $304.3 million, driven mainly by higher pricing across most product lines.
Net income rose to $43.2 million from $35.3 million; diluted EPS was $0.27 versus $0.22, and adjusted EPS was $0.29 versus $0.25.
Fiscal 2026 net sales guidance was raised to $1.47 billion to $1.49 billion, and adjusted EBITDA guidance was raised to $355 million to $360 million.
Water Management Solutions adjusted operating income fell 11.2%, and the company repurchased $5.5 million of common stock during the quarter.
Mueller Water Products said CEO Marietta Zakas will retire as CEO and board member effective February 9, 2026, and President and COO Paul McAndrew will succeed her. Zakas will serve as a Senior Advisor through December 31, 2026 under a transition agreement, and the company also reported that it will release fourth quarter and fiscal 2025 results on November 7, 2025.
Paul McAndrew, President and COO since May 2024, becomes President and CEO on February 9, 2026, and will be nominated to the Board at the annual shareholders meeting.
McAndrew's letter agreement sets a base salary of $915,000, a target annual bonus of 100% of base salary and a target long-term incentive of 370% of base salary.
Zakas's transition agreement includes a prorated fiscal 2026 bonus, a performance-based RSU award with a $2,000,000 grant date value and benefits, subject to a release of claims.
Mueller's earnings conference call on fiscal fourth quarter and full-year 2025 results is set for Friday, November 7, 2025, at 10:00 a.m. ET.
Mueller Water Products reported fourth-quarter net sales up 9.4% to $380.8 million and net income of $52.6 million, versus $10.0 million a year earlier, which included a $16.3 million goodwill impairment. For fiscal 2025, net income was $191.7 million and diluted earnings per share were $1.22, but free cash flow fell to $172.0 million from $191.4 million, and the company projected fiscal 2026 net sales of $1,450 million to $1,470 million and adjusted EBITDA of $345 million to $350 million.
Q4 net sales rose 9.4% to $380.8 million; diluted EPS was $0.33 versus $0.06 a year earlier
Fiscal 2025 net sales were $1,429.7 million, up 8.7%; net income was $191.7 million, or $1.22 per diluted share
Fiscal 2026 guidance: net sales of $1,450 million to $1,470 million and adjusted EBITDA of $345 million to $350 million
Fiscal 2025 free cash flow was $172.0 million, down from $191.4 million, mainly due to lower operating cash flow
Mueller Water Products appointed Richelle R. Feyerherm as its Chief Accounting Officer and principal accounting officer, effective August 15, 2025, replacing Suzanne G. Smith, who stepped down the same day. The filing says Smith's departure was not due to any disagreement on financial reporting, accounting policies, or internal controls, and Smith will provide transition services for up to four months under a planned consulting agreement.
Feyerherm has been Vice President, Operations Controller since November 2019 and is a certified public accountant
Feyerherm received a one-time restricted stock unit award with a fair market value of $300,000, vesting in three equal annual installments
Base salary of $325,000 per year, with target annual bonus of 35% and target long-term incentive of 40% of base salary
Smith's transition consulting period is up to four months
Mueller Water Products reported fiscal third-quarter results for the quarter ended June 30, 2025, with net sales up 6.6% to $380.3 million and diluted earnings per share of $0.33, compared with $0.30 a year earlier. The company raised its fiscal 2025 guidance for net sales and adjusted EBITDA, which points to higher expected full-year results for shareholders, though nine-month free cash flow declined.
Net sales rose 6.6% to $380.3 million; net income was $52.5 million and diluted EPS was $0.33, versus $0.30 a year earlier
Adjusted EBITDA was $86.4 million, up 1.4%, with adjusted EBITDA margin of 22.7% versus 23.9%
Fiscal 2025 guidance raised to net sales of $1,405 million to $1,415 million and adjusted EBITDA of $318 million to $322 million
Nine-month free cash flow was $103.0 million, down from $121.5 million; the company repurchased $10.0 million of stock in the quarter
Mueller Water Products reported fiscal second-quarter 2025 net sales of $364.3 million, up 3.1% from a year earlier, and net income per diluted share of $0.33 versus $0.28. The company raised its fiscal 2025 net sales guidance to $1,390 million to $1,400 million but kept its adjusted EBITDA guidance at $310 million to $315 million, citing expected higher costs from recently enacted tariffs.
Q2 net sales rose 3.1% to $364.3 million; adjusted EBITDA rose 2.8% to $84.5 million
Adjusted net income per diluted share was $0.34, up from $0.30 a year earlier
Fiscal 2025 net sales guidance raised to $1,390 million to $1,400 million; adjusted EBITDA guidance reaffirmed at $310 million to $315 million
Company repurchased $5.0 million of common stock in the quarter; results to be discussed on a May 6, 2025 call
Mueller Water Products reported fiscal 2025 first-quarter results for the quarter ended December 31, 2024, with net sales up 18.7% to $304.3 million and reported net income per diluted share of $0.22, compared with $0.09 a year earlier. The company raised its fiscal 2025 guidance for net sales and adjusted EBITDA, but operating cash flow and free cash flow declined from the prior year quarter.
Net sales rose 18.7% to $304.3 million from $256.4 million; net income per diluted share was $0.22 versus $0.09, and adjusted net income per diluted share was $0.25 versus $0.13.
Fiscal 2025 guidance raised: consolidated net sales of $1,370 million to $1,390 million and adjusted EBITDA of $310 million to $315 million.
Net cash provided by operating activities fell to $54.1 million from $67.9 million, and free cash flow decreased to $42.2 million from $62.2 million.
At December 31, 2024, total debt was $449.5 million and cash and cash equivalents were $338.2 million; the company had no ABL borrowings outstanding.
Mueller Water Products appointed Melissa Rasmussen, currently CFO of National Vision, as its Senior Vice President and Chief Financial Officer, effective March 4, 2025. She succeeds Steve Heinrichs, who is transitioning from the CFO and Chief Legal and Compliance Officer roles and will consult for the company through September 30, 2025. A change in the top finance role is a significant leadership event for shareholders, though the filing contains no financial results.
Melissa Rasmussen, age 48, appointed SVP and CFO effective March 4, 2025, under an offer letter dated January 9, 2025
Base salary of $550,000, fiscal 2025 target bonus of 70% of base salary, and target long-term incentive of $900,000
One-time restricted share grant valued at $750,000, vesting ratably over three years
Steve Heinrichs remains available on a consulting basis until September 30, 2025
Mueller Water Products amended the employment terms of CEO Marietta Edmunds Zakas through a letter agreement dated December 9, 2024, effective December 4, 2024. Her prior agreement had provided full severance if she was terminated without cause or for good reason even without a change in control; she has agreed to forgo that benefit, so the change-in-control terms now apply only after a change in control. Her base salary floor, bonus and incentive targets, and several perquisites are unchanged or were modestly enhanced.
Letter agreement dated December 9, 2024, effective December 4, 2024, supersedes the August 21, 2023 side letter
Zakas agreed to forgo full severance on termination without cause or for good reason absent a change in control
Salary floor of $900,000; target bonus of at least 110% and target long-term incentive of at least 333% of base salary
Car allowance raised from $1,500 to $2,000 per month; financial planning reimbursement up to $10,000 per year
Mueller Water Products reported fourth-quarter fiscal 2024 net sales of $348.2 million, up 15.5% from a year earlier, but GAAP net income fell to $10.0 million from $17.2 million after a $16.3 million goodwill impairment and an $8.7 million warranty charge. For the full fiscal year, net income rose to $115.9 million and diluted EPS to $0.74, and the company introduced fiscal 2025 net sales guidance of $1.34 billion to $1.36 billion and adjusted EBITDA guidance of $300 million to $305 million.
Q4 net sales $348.2 million vs. $301.4 million; Q4 diluted EPS $0.06 vs. $0.11, while adjusted diluted EPS rose 15.8% to $0.22
Fiscal 2024 net income $115.9 million vs. $85.5 million; diluted EPS $0.74 vs. $0.55; free cash flow $191.4 million vs. $61.4 million
Fiscal 2025 guidance: net sales $1,340 million to $1,360 million; adjusted EBITDA $300 million to $305 million
Year-end cash and cash equivalents $309.9 million against total debt of $449.5 million
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