Filing Flows › Mueller Water Products (MWA) › Q3 FY25
Mueller Water Products (MWA) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 5, 2025
Mueller Water Products (MWA) reported revenue of $380M for the third quarter fiscal 2025 (Q3 FY25), +7% from a year earlier and +4% from the quarter before. Operating margin was 19.4%, net earnings $52.5M (13.8% of revenue).
Mueller Water Products, Q3 FY25: revenue $380M (+7% year over year), operating margin 19.4%, net earnings $52.5M, operating cash flow $67.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $380M | +4% | +7% |
| Gross profit | $146M | +14% | +11% |
| Operating profit | $73.7M | +5% | +10% |
| Net earnings | $52.5M | +2% | +11% |
| Operating cash flow | $67.4M | +371% | -23% |
| Free cash flow | $55.7M | — | — |
What changed
Revenue was $380.3M in Q3 FY25, up 7% year over year and up 4% from the previous quarter.
Gross margin was 38.3%, up 1.5 points from a year earlier. Operating profit was $73.7M, a 19.4% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 19% margin then. Operating expenses grew 12% against revenue growth of 7%. The fastest-growing cost line was SG&A (+15%). Net earnings were $52.5M, up 11% year over year. The effective tax rate was 27.1%.
Operating cash flow was $67.4M (down 23% year over year), 128% of net earnings. Non-cash charges added back $11.7M of depreciation and amortization and $2.3M of share-based compensation. After capital expenditures ($11.7M), free cash flow as the company reports it was $55.7M.
Questions
What was Mueller Water Products' revenue in the third quarter fiscal 2025?
Mueller Water Products (MWA) reported revenue of $380M for the third quarter fiscal 2025 (Q3 FY25), +7% from a year earlier and +4% from the quarter before.
Was Mueller Water Products profitable in the third quarter fiscal 2025?
Operating profit was $73.7M (19.4% of revenue) and net earnings $52.5M.