Filing Flows › Mueller Water Products (MWA) › Q4 FY26
Mueller Water Products (MWA) Q4 FY26 earnings results (fourth quarter fiscal 2026)
8-K filed Nov 4, 2026
Mueller Water Products (MWA) reported revenue of $376M for the fourth quarter fiscal 2026 (Q4 FY26), -1% from a year earlier and -5% from the quarter before. Operating margin was 19.4%, net earnings $52.3M (13.9% of revenue).
Mueller Water Products, Q4 FY26: revenue $376M (-1% year over year), operating margin 19.4%, net earnings $52.3M, operating cash flow $109M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $376M | -5% | -1% |
| Gross profit | $139M | -11% | -0.5% |
| Operating profit | $73.1M | -9% | +5% |
| Net earnings | $52.3M | -22% | -0.6% |
| Operating cash flow | $109M | +3% | +30% |
| Free cash flow | $96.7M | — | — |
What changed
Revenue was $376.5M in Q4 FY26, down 1% year over year and down 5% from the previous quarter.
Gross margin was 37.0%, up 0.2 points from Q4 FY25. Operating profit was $73.1M, a 19.4% margin (up 1.1 points year over year). Operating expenses fell 6% while revenue fell 1%. The fastest-growing cost line was Other operating costs (+141%). Net earnings were $52.3M, down 1% year over year. The effective tax rate was 28.0%.
Operating cash flow was $108.7M (up 30% year over year), 208% of net earnings. Non-cash charges added back $11.3M of depreciation and $3.2M of share-based compensation. Working capital and other items added $41.9M. After capital expenditures ($12.0M), free cash flow as the company reports it was $96.7M.
Questions
What was Mueller Water Products' revenue in the fourth quarter fiscal 2026?
Mueller Water Products (MWA) reported revenue of $376M for the fourth quarter fiscal 2026 (Q4 FY26), -1% from a year earlier and -5% from the quarter before.
Was Mueller Water Products profitable in the fourth quarter fiscal 2026?
Operating profit was $73.1M (19.4% of revenue) and net earnings $52.3M.