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MUELLER WATER PRODUCTS REPORTS
2020 FOURTH QUARTER AND FISCAL YEAR RESULTS

Achieved net sales of $265.3 million in Quarter, $964.1 million in Fiscal Year
Earned Net Income per Diluted Share of $0.17 in Quarter, $0.45 in Fiscal Year
Delivered Adjusted Net Income per Diluted Share of $0.17 in Quarter, $0.52 in Fiscal Year
ATLANTA, November 9, 2020 - Mueller Water Products, Inc. (NYSE: MWA) announced today that for its fiscal 2020 fourth quarter ended September 30, 2020 net sales were $265.3 million and net income was $26.7 million.
In the 2020 fourth quarter, the Company:
Achieved net sales of $265.3 million, a decrease of 0.6 percent as compared with $266.9 million in the prior year quarter.
Generated operating income of $40.7 million as compared with $39.0 million in the prior year quarter. Adjusted operating income was $41.8 million as compared with $42.6 million in the prior year quarter.
Reported net income of $26.7 million as compared with $40.2 million in the prior year quarter. Generated adjusted net income of $27.5 million as compared with $29.6 million in the prior year quarter.
Reported net income and adjusted net income per diluted share of $0.17 as compared with net income per diluted share of $0.25 and adjusted net income per diluted share of $0.19 in the prior year quarter.
Increased adjusted EBITDA 1.2 percent to $57.6 million as compared with $56.9 million in the prior year quarter, yielding an adjusted EBITDA margin of 21.7 percent as compared with 21.3 percent in the prior year quarter.
In the full fiscal year, the Company:
Achieved net sales of $964.1 million, a decrease of 0.4 percent as compared to the prior year of $968.0 million.
Generated net income of $72.0 million as compared with $63.8 million in the prior year.
Reported net income per diluted share of $0.45 and achieved adjusted net income per diluted share of $0.52 as compared with $0.61 in the prior year.
Achieved adjusted EBITDA of $190.6 million as compared with $198.2 million in the prior year, yielding an adjusted EBITDA margin of 19.8 percent as compared with 20.5 percent in the prior year.
Increased operating cash flow by $47.8 million to $140.3 million from $92.5 million in the prior year, and improved free cash flow by $66.7 million to $72.6 million from $5.9 million in the prior year.


The following information was filed by Mueller Water Products, Inc. (MWA) on Tuesday, November 10, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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