MUELLER WATER PRODUCTS, INC. MWA Income Statement

Mueller water products, inc. (MWA)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09
Revenues
257,700	212,600	266,900	274,300	234,000	192,800	254,300	250,200	233,200	178,300	226,900	232,200	199,700	167,200	215,600	224,700	197,200	163,100	-59,700	301,000	290,300	261,800	320,700	318,500	288,100	257,400	293,200	299,400	283,100	245,100	281,100	275,900	251,500	215,400	181,900	259,600	235,500	287,600	-31,100	375,900	301,800	313,100
Cost of sales
171,700	140,000	178,100	177,100	159,200	132,700	168,800	175,700	158,700	122,900	145,900	149,600	147,200	115,400	136,800	141,500	137,900	115,500	-56,400	204,800	208,200	190,500	219,400	221,200	205,900	190,300	204,400	209,400	205,800	188,000	204,500	196,300	189,400	162,600	114,600	186,500	177,400	238,000	-125,500	305,300	263,600	257,200
Gross profit
86,000	72,600	88,800	97,200	74,800	60,100	85,500	74,500	74,500	55,400	81,000	82,600	52,500	51,800	78,800	83,200	59,300	47,600	-3,300	96,200	82,100	71,300	101,300	97,300	82,200	67,100	88,800	90,000	77,300	57,100	76,600	79,600	62,100	52,800	67,300	73,100	58,100	49,600	94,400	70,600	38,200	55,900
Operating expenses:
Selling, general and administrative
49,300	49,900	48,500	47,500	45,700	41,000	42,900	41,300	42,700	39,800	42,000	38,400	38,700	36,300	37,300	39,400	37,400	35,400	-17,000	52,900	55,800	55,000	58,200	55,300	54,200	53,000	55,400	56,900	52,600	49,500	53,900	53,200	50,600	46,500	44,500	48,100	47,200	52,000	25,800	57,200	50,600	55,200
Gain on sale of idle property
-	-	-	0	-	-	0	0	0	9,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for Doubtful Accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring
900	2,400	-	2,500	6,900	3,200	-	2,600	1,900	3,900	-	1,200	2,500	1,300	-	4,600	800	800	-	-	700	8,200	-	200	2,700	100	200	200	400	700	800	700	900	400	300	300	1,100	1,900	-11,200	900	10,500	400
Balances written off, net of recoveries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Cost and Expense, Operating
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
50,200	52,300	49,800	50,000	52,600	44,200	45,000	43,900	44,600	34,700	47,400	39,600	41,200	37,600	21,700	60,600	38,200	36,200	-17,700	64,700	56,500	63,200	58,300	55,500	56,900	53,100	55,600	57,100	53,000	50,200	54,700	53,900	51,500	46,900	44,800	48,400	48,300	53,900	14,600	58,100	61,100	55,600
Operating income
35,800	20,300	39,000	47,200	22,200	15,900	40,500	30,600	29,900	20,700	33,600	43,000	11,300	14,200	57,100	22,600	21,100	11,400	14,400	31,500	25,600	8,100	43,000	41,800	25,300	14,000	33,200	32,900	24,300	6,900	21,900	25,700	10,600	5,900	22,500	24,700	9,800	-4,300	-	12,500	-	-
Non-operating expense:
Defined Benefit Plan, Net Periodic Benefit Cost other than Service Cost
-800	-700	-400	-100	1,000	-100	300	200	300	200	300	400	400	300	-	-16,600	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense, net
-6,000	-7,400	-4,200	-4,200	-5,900	-5,500	-5,200	-5,300	-5,200	-5,200	-5,200	-5,100	-5,500	-6,400	-5,600	-6,000	-5,900	-6,100	-5,700	-6,300	-6,100	-9,400	-12,000	-12,500	-12,500	-12,600	-12,700	-12,700	-12,800	-13,500	-13,800	-14,900	-15,600	-15,600	-16,600	-16,800	-16,300	-15,900	-115,400	15,800	14,800	16,800
Loss from operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,900	-300
Loss on early extinguishment of debt
-	-	-	0	-	-	-	-6,200	-	-	-	0	-	-	-	-	-	-	0	0	0	-31,300	-1,000	0	0	0	-	0	-1,400	-	-	-1,500	0	-	-	0	-	-	-	-	-500	-
Gain on settlement of interest rate swaps
-	-	-	0	-	-	-	2,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Discontinuation of Interest Rate Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring, Net
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Walter accrual
0	200	-16,400	500	500	37,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-operating expenses
-5,200	-6,900	-	-4,600	-7,400	-42,800	-	-9,300	-5,500	-5,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) before income taxes
30,600	13,400	51,600	42,600	14,800	-26,900	34,700	21,300	24,400	15,300	28,100	37,500	5,400	7,500	32,200	16,600	15,200	5,300	8,700	25,200	19,500	-32,600	30,000	29,300	12,800	1,400	20,500	20,200	10,100	-6,600	8,100	9,300	-5,000	-9,700	5,900	7,900	-6,500	-20,200	55,100	-3,300	-38,200	-16,500
Income tax expense (benefit)
6,800	3,100	11,400	8,900	3,900	-5,900	9,700	6,000	14,200	-39,800	8,000	13,400	700	2,100	12,400	5,600	4,900	1,300	4,800	8,700	7,200	-12,400	3,800	10,800	3,100	300	3,700	4,200	2,500	-1,600	3,800	3,400	3,900	-3,200	5,300	1,000	-1,100	-8,100	22,300	500	-14,500	-5,800
Equity in income (loss) of subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	20,100	24,100	4,700	5,400	19,800	11,000	10,300	4,000	-	-	-	-	-	-	-	-	16,800	16,000	7,600	-5,000	4,300	5,900	-8,900	-6,500	-	6,900	-5,400	-	-	-	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-800	-100	68,600	1,300	6,700	4,500	5,400	2,200	-	-	-	-	-	-	-	-	-3,300	-1,900	-1,400	12,000	-800	3,900	-100,900	-5,400	-	-9,600	-8,300	-	-	-	-	-
Net Income (Loss) Attributable to Parent
23,800	10,300	40,200	33,700	10,900	-21,000	25,000	15,300	10,200	55,100	19,300	24,000	73,300	6,700	26,500	15,500	15,700	6,200	22,300	16,500	12,300	-20,200	26,200	18,500	9,700	1,100	13,500	14,100	6,200	7,000	3,500	9,800	-109,800	-11,900	-9,600	-2,700	-13,700	-12,100	-7,000	-3,800	-23,700	-10,700
Derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Income tax effects
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Amortization of interest expense on terminated swap contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	2,000	1,900	-	-	-	-
Income tax effects
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	800	700	-	-	-	-
Foreign currency translation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	1,500	1,700	-	-	-	-
Minimum pension liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	33,300	1,100	-	-	-	-
Income tax effects
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	13,000	400	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-300	-	-	-	-
Other comprehensive loss, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200	23,000	3,300	-	-	-	-
Comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,500	9,300	-8,800	-	-	-	-
Income (Loss) from Continuing Operations, Per Basic Share
-	-	-	-	-	-	-	-	-	-	0.13	0.15	0.03	0.03	0.13	0.07	0.06	0.02	-	-	-	-	-	-	-	-	0.11	0.10	0.05	-0.03	0.03	0.04	-0.06	-0.04	-	0.04	-0.04	-	-	-	-	-
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share
-	-	-	-	-	-	-	-	-	-	-0.01	0.00	0.43	0.01	0.03	0.03	0.04	0.02	-	-	-	-	-	-	-	-	-0.02	-0.01	-0.01	0.07	0.00	0.02	-0.64	-0.04	-	-0.06	-0.05	-	-	-	-	-
Net loss per basic share:
Earnings Per Share, Basic
0.15	0.07	0.25	0.21	0.07	-0.13	0.16	0.10	0.06	0.35	0.12	0.15	0.46	0.04	0.16	0.10	0.10	0.04	0.14	0.10	0.08	-0.13	0.16	0.12	0.06	0.01	0.09	0.09	0.04	0.04	0.03	0.06	-0.70	-0.08	-0.06	-0.02	-0.09	-0.08	-0.05	-0.02	-0.15	-0.07
Net loss per diluted share:
Income (Loss) from Discontinued Operations per share
-	-	-	-	-	-	-	-	-	-	-0.01	0.00	0.42	0.01	0.03	0.02	0.04	0.02	-	-	-	-	-	-	-	-	-0.02	-0.01	-0.01	0.07	0.00	0.02	-0.64	-0.04	-	-0.06	-0.05	-	-	-	-	-
Earnings Per Share, Diluted
0.15	0.06	0.25	0.21	0.07	-0.13	0.16	0.10	0.06	0.34	0.12	0.15	0.45	0.04	0.16	0.09	0.10	0.04	0.14	0.10	0.08	-0.13	0.16	0.11	0.06	0.01	0.08	0.09	0.04	0.04	0.03	0.06	-0.70	-0.08	-0.06	-0.02	-0.09	-0.08	-0.05	-0.02	-0.15	-0.07
Continuing operations
-	-	-	-	-	-	-	-	-	-	0.13	0.15	0.03	0.03	0.13	0.07	0.06	0.02	-	-	-	-	-	-	-	-	0.10	0.10	0.05	-0.03	0.03	0.04	-0.06	-0.04	-	0.04	-0.04	-	-	-	-	-
Weighted average shares outstanding:
Basic, in shares
157,900	157,700	157,500	157,800	158,200	157,700	157,900	158,100	158,300	158,500	158,600	159,100	160,900	161,800	161,500	161,600	161,300	160,800	160,400	160,800	160,700	160,100	159,600	159,500	159,200	158,500	158,000	158,000	157,700	157,100	156,800	156,700	156,500	156,000	155,400	155,500	155,400	154,900	154,300	154,500	154,400	154,000
Diluted, in shares
158,700	158,700	159,200	158,800	159,200	158,800	160,200	159,200	159,400	160,000	159,500	160,600	162,500	164,600	163,700	163,600	163,100	163,200	165,900	163,500	163,300	160,100	163,000	162,200	161,900	161,700	161,300	160,700	160,000	159,200	155,500	158,000	156,500	156,000	154,300	156,600	155,400	154,900	154,300	154,500	154,400	154,000
Dividends declared per share, in dollars per share
0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.03	0.03	0.00	0.05	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	-0.05	0.01	0.01	0.01