Filing Flows › Mueller Water Products (MWA) › Q3 FY26
Mueller Water Products (MWA) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 6, 2026
Mueller Water Products (MWA) reported revenue of $396M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +3% from the quarter before. Operating margin was 20.4%, net earnings $67.3M (17.0% of revenue).
Mueller Water Products, Q3 FY26: revenue $396M (+4% year over year), operating margin 20.4%, net earnings $67.3M, operating cash flow $106M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $396M | +3% | +4% |
| Gross profit | $156M | +8% | +7% |
| Operating profit | $80.6M | +0.2% | +9% |
| Net earnings | $67.3M | +14% | +28% |
| Operating cash flow | $106M | — | +57% |
| Free cash flow | $94.1M | — | — |
What changed
Revenue was $395.9M in Q3 FY26, up 4% year over year and up 3% from the previous quarter.
Gross margin was 39.4%, up 1.0 points from Q3 FY25. Operating profit was $80.6M, a 20.4% margin (up 1.0 points year over year). Of the extra revenue versus Q3 FY25, 44% reached operating profit, above the 19% margin then. Operating expenses grew 4% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+1020%). Net earnings were $67.3M, up 28% year over year. The effective tax rate was 15.7%.
Operating cash flow was $105.8M (up 57% year over year), 157% of net earnings. Non-cash charges added back $12.6M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $23.0M. After capital expenditures ($11.7M), free cash flow as the company reports it was $94.1M.
Questions
What was Mueller Water Products' revenue in the third quarter fiscal 2026?
Mueller Water Products (MWA) reported revenue of $396M for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +3% from the quarter before.
Was Mueller Water Products profitable in the third quarter fiscal 2026?
Operating profit was $80.6M (20.4% of revenue) and net earnings $67.3M.