The financials
Mueller Water Products, Inc. by the numbers
Mueller Water Products, Inc. (MWA) reported revenue of $384M in Q2 2026 (quarter ended March 31, 2026), up 5.5% from the same quarter a year earlier. That came with a gross margin of 38% and net income of $59M (15% of revenue). For the full year FY2025, revenue was $1.43B (+8.7% year on year) and net income $192M. Its largest region in 2026-Q1 was US at $204M, 48% of the disclosed total, just ahead of Central Region at 16%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $384M | $364M | +5.5% |
| Gross profit | $145M | $128M | +13% |
| Operating income | $80M | $70M | +15% |
| Net income | $59M | $51M | +15% |
| Diluted EPS | $0.38 | $0.33 | +15% |
| Geographic | Revenue | Share |
|---|---|---|
| US | $204M | 48% |
| Central Region | $67M | 16% |
| Southeast Region | $54M | 13% |
| Western Region | $45M | 11% |
| Northeast Region | $38M | 9.0% |
| CA | $13M | 3.1% |
| Other International Locations | $1.5M | 0.4% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $422.1M (+26%)
Central Region grew +15% year on yearOther International Locations -57% year on year
Segment Latestquarter on quarteryear on year
- US$203.8M$203.8MQoQ +26%year on year +1.8%+26%+1.8%
- Central Region$66.8M$66.8MQoQ +29%year on year +15%+29%+15%
- Southeast Region$54.3M$54.3MQoQ +25%year on year +7.7%+25%+7.7%
- Western Region$44.7M$44.7MQoQ +25%year on year -12%+25%-12%
- Northeast Region$38.0M$38.0MQoQ +22%year on year -6.6%+22%-6.6%
- CA$13.0M$13.0MQoQ +67%year on year +3.2%+67%+3.2%
- Other International Locations$1.5M$1.5MQoQ -53%year on year -57%-53%-57%
Specialty Industrial Machinery
Ranks #9 of 44 by Smart Score