Filing Flows › Mueller Water Products (MWA) › Q2 FY25
Mueller Water Products (MWA) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 6, 2025
Mueller Water Products (MWA) reported revenue of $364M for the second quarter fiscal 2025 (Q2 FY25), +3% from a year earlier and +20% from the quarter before. Operating margin was 19.2%, net earnings $51.3M (14.1% of revenue).
Mueller Water Products, Q2 FY25: revenue $364M (+3% year over year), operating margin 19.2%, net earnings $51.3M, operating cash flow $14.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $364M | +20% | +3% |
| Gross profit | $128M | +24% | -2% |
| Operating profit | $69.9M | +47% | +10% |
| Net earnings | $51.3M | +45% | +16% |
| Operating cash flow | $14.3M | -74% | — |
| Free cash flow | $5.1M | — | — |
What changed
Revenue was $364.3M in Q2 FY25, up 3% year over year and up 20% from the previous quarter.
Gross margin was 35.1%, down 1.8 points from a year earlier. Operating profit was $69.9M, a 19.2% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 59% reached operating profit, above the 18% margin then. Operating expenses fell 13% while revenue rose 3%. Net earnings were $51.3M, up 16% year over year. The effective tax rate was 24.2%.
Operating cash flow was $14.3M, 28% of net earnings. Non-cash charges added back $11.3M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items used $50.8M. After capital expenditures ($9.2M), free cash flow as the company reports it was $5.1M.
Questions
What was Mueller Water Products' revenue in the second quarter fiscal 2025?
Mueller Water Products (MWA) reported revenue of $364M for the second quarter fiscal 2025 (Q2 FY25), +3% from a year earlier and +20% from the quarter before.
Was Mueller Water Products profitable in the second quarter fiscal 2025?
Operating profit was $69.9M (19.2% of revenue) and net earnings $51.3M.