Recent Updates — MWA
The Board of Directors declared a quarterly cash dividend of $0.08 per share, an increase of approximately 14.3% from the prior $0.07 per share. The dividend is payable on November 19, 2026, to stockholders of record as of November 9, 2026. Additionally, the Board authorized an additional $300 million for common stock repurchases under the existing program, bringing total available authorization to approximately $334.5 million. Repurchases may be made in open market or privately negotiated transactions at the company's discretion. Mueller Water Products is a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America.
Mueller Water Products announced that Mike Morgan will serve as Executive Vice President, Finance, effective October 28, 2026, and assume the role of Chief Financial Officer upon the filing of its fiscal year-end 10-K. Outgoing CFO Melissa Rasmussen will remain in an advisory capacity through December 31, 2026. Morgan receives a $575,000 base salary, an $80% target bonus, and a $500,000 initial equity grant plus a $700,000 sign-on bonus. Rasmussen is entitled to a $431,897 retention payment and continued salary during her transition period. Mueller Water Products manufactures and markets water infrastructure products including valves, hydrants, meters, and leak detection solutions.
Mueller Water Products reported fiscal 2026 third-quarter net sales of $395.9 million, a 4.1% increase year-over-year, driven by higher pricing across most product lines. Reported net income rose 28.2% to $67.3 million, or $0.43 per diluted share, while adjusted net income increased 48.1% to $78.8 million, or $0.50 per diluted share. Adjusted EBITDA grew 24.3% to $107.4 million with an expanded margin of 27.1%. The company raised its full-year fiscal 2026 adjusted EBITDA guidance to between $367 million and $372 million, representing a 12.5% to 14.0% increase over the prior year. Mueller Water Products is a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America.
Todd P. Helms, Senior Vice President and Chief Human Resources Officer, will depart Mueller Water Products, Inc. effective September 1, 2026. The company plans to engage him as a senior advisor via a consulting agreement through September 30, 2026, for a $5,000 consulting fee. Mueller Water Products, Inc. manufactures water infrastructure products and components for municipal and municipal-related markets.