Mueller Water Products has released an updated investor presentation for use by company representatives, dated November 11, 2026. The update is an investor-communications disclosure; the accompanying announcement does not set out a new transaction, financing or management change.
The presentation describes the company’s use of adjusted performance measures and discusses forward-looking business plans and risks.
Key details
- Mueller uses adjusted net income, adjusted earnings per diluted share, adjusted operating income and margin, and adjusted EBITDA and margin to assess performance across periods and guide operational decisions.
- It also uses free cash flow as a measure of liquidity and the company’s ability to generate cash from operations.
- The company cautions that these non-GAAP measures should not be viewed on their own or as substitutes for results prepared under GAAP, and may not be comparable with similarly named measures used by other companies.
- Forward-looking topics in the presentation include business outlook and projections, long-term strategy and value creation, operational improvements, inventory levels, benefits from capital investments, margins, growth plans, capital allocation and demand for Mueller’s products.
- The risks identified in the available presentation text include changing regulatory, trade and tariff conditions—particularly Section 232 tariffs affecting products made by its Krausz business—along with supply-chain and logistical disruptions, geopolitical conditions, public-health events, distributor and customer inventory positions, and the possibility that operational initiatives or major investments do not deliver expected benefits.
- The presentation and its supporting non-GAAP reconciliations are available through the Investors section of Mueller’s website.
Plain-English implications
The announcement makes the updated presentation available but does not itself announce a change to Mueller’s business, capital structure or leadership. The presentation’s adjusted metrics provide management’s view of underlying performance and liquidity, while the company emphasizes that they should be considered alongside GAAP results.