Every material Form 8-K Mueller Water Products filed with the SEC in 2025, 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 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
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