“Net interest expense for the nine months ended June 30, 2026 was $3.3 million as compared with $5.6 million in the prior year period, a decrease of $2.3 million or 41.1%, primarily due to higher interest income.”10-Q · Aug 6, 2026 ↗
Mueller Water Products, Inc.
MWA
Market read
Mueller Water Products, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Revenue increased 4.1% versus the comparable filing period.
- The latest period included non-recurring tariff refunds, while management cited roughly 5% inflation as an offset to pricing and performance.
- Net interest expense for the six months ended March 31, 2026 was $2.6 million, a decrease of $1.3 million (33.3%), primarily due to higher interest income.
Invalidation: The isolated read changes if MWA's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 32 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Revenue increased 4.1% versus the comparable filing period.
- Operating margin improved 1.0 percentage points.
- Net income increased 28.2% versus the comparable filing period.
No thresholded adverse filing evidence is available yet.
- The latest period included non-recurring tariff refunds, while management cited roughly 5% inflation as an offset to pricing and performance.
- Net interest expense for the six months ended March 31, 2026 was $2.6 million, a decrease of $1.3 million (33.3%), primarily due to higher interest income.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +8.7% year over year.
- Operating margin changed +4.4 percentage points in the latest annual period.
- Net margin changed +4.6 percentage points in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
- Pricing and mix has repeated favorable evidence across 5 filings.
- Tariffs and trade policy has repeated favorable evidence across 5 filings.
- Capital investment and capacity has repeated favorable evidence across 4 filings.
- Foreign exchange has repeated adverse evidence across 4 filings.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 10, 2026
23.69Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“31 Table of Contents Water Management Solutions Net sales for the nine months ended June 30, 2026 were $491.9 million as compared with $441.5 million in the prior year period, an increase of $50.4 million or 11.4%, primarily as a result of higher volumes and…”10-Q · Aug 6, 2026 ↗
“SG&A for the nine months ended June 30, 2026 was $66.8 million as compared with $65.0 million in the prior year period, an increase of $1.8 million or 2.8%, primarily as a result of inflation of approximately 3%, higher personnel related expenses, and unfavor…”10-Q · Aug 6, 2026 ↗
“The increase was primarily driven by higher pricing across most product lines, increased volumes, and product mix.”10-Q · Aug 6, 2026 ↗
Valuation discipline
Peer-relative valuation withheld
Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 12:45 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for MWA. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
Fundamentals strengthened in the latest filing
10-Q filed 2026-08-06 against the comparable filing from 2025-08-05.
Capital and cash conversion
Inventory built faster than revenue
Inventory growth exceeded revenue growth and inventory intensity increased.
- Capital spending YoY
- +32.9%
- Capital spending / revenue
- +4.0%
- Free-cash-flow margin
- +10.1%
- FCF margin change
- +0.2 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 4.1% versus the comparable filing period.
- Operating margin improved 1.0 percentage points.
- Net income increased 28.2% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“This increase was primarily a result of higher pricing across most product lines, non-recurring tariff refunds, and performance partially offset by lower volumes, approximately 5% inflation, and product mix.”
“This increase was primarily a result of higher pricing across most product lines and performance, partially offset by lower volumes, approximately 5% inflation and product mix.”
“The increase was primarily a result of higher pricing across most product lines, increased volumes, and non-recurring tariff refunds, which were partially offset by performance, $3.1 million of portfolio optimization costs, and approximately 3% inflation.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind MWA
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
BMIBadger Meter, Inc.competitorFeb 17, 2026 ▾
“Across the Company's BlueEdge suite of offerings, organizations such as Sensus (Xylem Inc.), Neptune (Roper Technologies, Inc.), Hach (Veralto Corp.), Itron Inc., Aclara (Hubbell Inc.), Mueller Water Products Inc., Kamstrup and others have select elements of…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
MWA is currently a Follower in the organic co-movement group Industrial Equipment. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.