财务数据和关键指标变化 - 公司2023财年第一季度净销售额同比增长15.6%，达到3.148亿美元 [10] - 毛利率为29.6%，同比下降260个基点 [10] - 调整后EBITDA为4420万美元，同比下降6.9%，调整后EBITDA利润率为14%，同比下降340个基点 [13] - 调整后每股收益为0.13美元，与去年同期持平 [13] 各条业务线数据和关键指标变化 Water Flow Solutions - 净销售额同比增长6.9%，主要得益于产品价格上涨 [14] - 调整后营业利润为2420万美元，同比下降22.7% [15] - 调整后EBITDA为3190万美元，同比下降17.6%，调整后EBITDA利润率为19.3%，同比下降570个基点 [15] Water Management Solutions - 净销售额同比增长27.1%，达到1.492亿美元，主要得益于产品价格上涨和销量增长 [16] - 调整后营业利润为1960万美元，同比增长70.4% [16] - 调整后EBITDA为2660万美元，同比增长38.5%，调整后EBITDA利润率为17.8%，同比上升140个基点 [16] 各个市场数据和关键指标变化 - 公司认为市政维修和更换市场保持弹性，部分抵消了住宅建筑活动的放缓 [7] - 新住宅建筑市场方面，2022年12月总住房开工量同比下降15.6%，公司预计2023财年住房开工量将在130万至140万之间 [26] 公司战略和发展方向和行业竞争 - 公司正在推进新铜铸造厂的投产，预计将在2023财年第二季度开始使用新合金生产首批零件 [22] - 公司预计2023财年净销售额将增长6%至8%，调整后EBITDA将增长10%至14% [28] - 公司认为《基础设施投资和就业法案》将在2024年和2025年及以后对市场产生重大影响 [49] 管理层对经营环境和未来前景的评论 - 公司对2023财年第一季度的业绩表示满意，尽管面临通胀压力，但通过过去的价格调整措施实现了两位数的净销售额增长 [7] - 公司预计2023财年第二季度毛利率将与第一季度持平，下半年将通过减少外包和提高新铸造厂产量来改善毛利率 [79] - 公司预计2023财年住房开工量将在130万至140万之间，尽管面临高利率和经济不确定性的挑战，但认为土地库存仍然相对较低 [26] 其他重要信息 - 公司2023财年第一季度经营活动使用的净现金为650万美元，而去年同期经营活动提供的净现金为1980万美元 [17] - 公司2023财年第一季度资本支出为990万美元，自由现金流为负1640万美元 [18] - 截至2022年12月31日，公司总债务为4.47亿美元，现金及现金等价物为1.256亿美元，净债务杠杆率为1.7倍 [18] 问答环节所有提问和回答 问题: 订单放缓的原因 - 订单放缓主要是由于DRP（分销资源规划）驱动，随着交货时间的缩短，渠道所需的材料量减少 [33] - 公司正在密切关注渠道合作伙伴的销售情况和库存水平，预计春季建筑季节将提供更清晰的销售情况 [33] 问题: 库存对自由现金流的影响 - 第一季度自由现金流为负主要是由于库存水平较高，公司预计全年自由现金流将有所改善，主要通过改善营运资本 [36] - 随着供应链的改善，公司将减少库存水平，但新铜铸造厂的投产可能会导致库存水平暂时上升 [37] 问题: 价格/成本对利润率的影响 - 公司已经连续四个季度实现了价格上涨超过通胀压力，预计2023财年价格上涨将抵消通胀影响 [44] - 公司预计2025年将恢复到疫情前的利润率水平，主要通过减少外包和提高内部生产效率 [45] 问题: 《基础设施投资和就业法案》的影响 - 该法案将在2024年和2025年及以后对市场产生重大影响，但2023财年影响有限 [49] - 公司认为该法案将推动对市政维修和更换市场的投资，特别是在饮用水系统方面 [49] 问题: 库存动态和渠道库存水平 - 渠道库存增加主要是由于价格上涨和物流需求，公司预计随着交货时间的缩短，渠道库存将减少 [61] - 公司预计2023财年第二季度毛利率将与第一季度持平，下半年将通过减少外包和提高新铸造厂产量来改善毛利率 [79] 问题: 新铜铸造厂的进展和预期 - 公司正在推进新铜铸造厂的投产，预计将在2023财年第二季度开始使用新合金生产首批零件 [71] - 公司预计新铸造厂的产量将在2023财年末达到每天5万至7万吨 [72] 问题: 住房开工量和土地开发 - 公司预计2023财年住房开工量将在130万至140万之间，尽管面临高利率和经济不确定性的挑战，但认为土地库存仍然相对较低 [76]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-32892 MUELLER WATER PRODUCTS, INC. (Exact name of registrant as specified in its charter) Delaware 20-3547095 (State or other jurisdiction of (I.R.S. Employer incorporation ...

Mueller Water Products, Inc. (NYSE:MWA) Q4 2022 Earnings Conference Call November 8, 2022 9:00 AM ET Company Participants Whit Kincaid - Senior Director, IR and Corporate Development John Hall - President, CEO & Director Martie Zakas - EVP & CFO Conference Call Participants Miguel De Jesus - Goldman Sachs Deane Dray - RBC Capital Markets Joe Giordano - Cowen Bryan Blair - Oppenheimer Brent Thielman - D.A. Davidson & Co. Operator Welcome, and thank you for standing by. [Operator Instructions]. And now I'll t ...

Where Intelligence Meets Infrastructure® Earnings Conference Call For The Fourth Quarter and Year Ended September 30, 2022 November 8, 2022 These slides are not intended to be a stand-alone presentation, but are for use in conjunction with the earnings call NON-GAAP Financial Measures In an effort to provide investors with additional information regarding the Company's results as determined by accounting principles generally accepted in the United States ("GAAP"), the Company also provides non-GAAP informat ...

Where Intelligence Meets Infrastructure® Investor Presentation August & September, 2022 NON-GAAP Financial Measures In an effort to provide investors with additional information regarding the Company's results as determined by accounting principles generally accepted in the United States ("GAAP"), the Company also provides non-GAAP information that management believes is useful to investors. These non-GAAP measures have limitations as analytical tools, and securities analysts, investors and other interested ...

Mueller Water Products, Inc. (NYSE:MWA) Q3 2022 Earnings Conference Call August 5, 2022 9:00 AM ET Company Participants Whit Kincaid - VP of IR Scott Hall - President and CEO Martie Zakas - CFO Conference Call Participants Bryan Blair - Oppenheimer Deane Dray - RBC Capital Markets Joe Giordano - Cowen Walter Liptak - Seaport John Ramirez - D.A. Davidson Operator Thank you for standing by, and welcome to the Third Quarter 2022 Investor Relations Conference Call. [Operator Instructions] As a reminder, today's ...

Where Intelligence Meets Infrastructure® Earnings Conference Call For The Third Quarter Ended June 30, 2022 August 5, 2022 These slides are not intended to be a stand-alone presentation, but are for use in conjunction with the earnings call NON-GAAP Financial Measures In an effort to provide investors with additional information regarding the Company's results as determined by accounting principles generally accepted in the United States ("GAAP"), the Company also provides non-GAAP information that manageme ...

Where Intelligence Meets Infrastructure® Earnings Conference Call For The Second Quarter Ended March 31, 2022 May 3, 2022 These slides are not intended to be a stand-alone presentation, but are for use in conjunction with the earnings call NON-GAAP Financial Measures In an effort to provide investors with additional information regarding the Company's results as determined by accounting principles generally accepted in the United States ("GAAP"), the Company also provides non-GAAP information that managemen ...

Mueller Water Products, Inc. (NYSE:MWA) Q2 2022 Earnings Conference Call May 3, 2022 9:00 AM ET Company Participants Scott Hall – President and Chief Executive Officer Martie Zakas – Chief Financial Officer Whit Kincaid – Vice President of Investor Relations Conference Call Participants Brian Lee – Goldman Sachs Deane Dray – RBC Capital Markets Michael Anastasiou – Cowen Inc. John Ramirez – D.A. Davidson & Co. Operator Welcome and thank you for standing by. At this time, all participants are in a listen-onl ...

Where Intelligence Meets Infrastructure® Earnings Conference Call For The First Quarter Ended December 31, 2021 February 4, 2022 These slides are not intended to be a stand-alone presentation, but are for use in conjunction with the earnings call NON-GAAP Financial Measures In an effort to provide investors with additional information regarding the Company's results as determined by accounting principles generally accepted in the United States ("GAAP"), the Company also provides non-GAAP information that ma ...