MUELLER WATER PRODUCTS, INC. (NYSE:MWA) Files An 8-K Other EventsItem 8.01. Other Events.
MUELLER WATER PRODUCTS, INC. (NYSE:MWA) Files An 8-K Other Events
Mueller Water Products, Inc. (the “Company”) is filing this Current Report on Form 8-K to recast its fiscal 2016 quarterly and annual historical financial information to report our Anvil business, which was sold on January 6, 2017, as discontinued operations.
Item 9.01. Financial Statements and Exhibits.
All of the accompanying financial information, which is being provided for information purposes only, is unaudited. The full-year financial information will be audited in conjunction with the preparation of the Company’s consolidated financial statements to be included in its Annual Report on Form 10-K for fiscal 2017 that is expected to be filed in November 2017. The unaudited quarterly information for the quarters ended March 31, 2016 and June 30, 2016 will also be filed in conjunction with the Company’s consolidated financial statements to be included in its Quarterly Reports on Form 10-Q that are expected to be filed in May 2017 and August 2017, respectively.
The financial information furnished in this Current Report on Form 8-K may change when reported in the future quarterly or annual reports addressed earlier. None of the financial information furnished in this Current Report on Form 8-K should be considered representative of future results.
(d) Exhibits.
99.1 Mueller Water Products, Inc. Unaudited Financial Information
Use of Non-GAAP Measures
In an effort to provide investors with additional information regarding the Company’s results as determined by GAAP, the Company also provides non-GAAP information that management believes is useful to investors. These non-GAAP measures have limitations as analytical tools, and securities analysts, investors and other interested parties should not consider any of these non-GAAP measures in isolation or as a substitute for analysis of the Company’s results as reported under GAAP. These non-GAAP measures may not be comparable to similarly titled measures used by other companies.
The Company presents adjusted income from continuing operations, adjusted income from continuing operations per share, adjusted operating income and adjusted EBITDA as performance measures because management uses these measures in evaluating the Company’s underlying performance on a consistent basis across periods and in making decisions about operational strategies. Management also believes these measures are frequently used by securities analysts, investors and other interested parties in the evaluation of the Company’s recurring performance.
About MUELLER WATER PRODUCTS, INC. (NYSE:MWA)
Mueller Water Products, Inc. is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co., Anvil and Mueller Technologies. The Mueller Co. segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants. The Anvil segment manufactures and sources a range of products, including a range of fittings, couplings, hangers and related products. The Mueller Technologies segment offers metering systems, leak detection, pipe condition assessment and other products and services for the water infrastructure industry. The Mueller Technologies segment includes Mueller Systems and Echologics businesses. The Company offers a range of water infrastructure, flow control and piping component system products and services in the United States and Canada. MUELLER WATER PRODUCTS, INC. (NYSE:MWA) Recent Trading Information
MUELLER WATER PRODUCTS, INC. (NYSE:MWA) closed its last trading session up +0.24 at 12.89 with 935,507 shares trading hands.
Mueller Water Products, Inc. is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through three segments: Mueller Co., Anvil and Mueller Technologies. The Mueller Co. segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants. The Anvil segment manufactures and sources a range of products, including a range of fittings, couplings, hangers and related products. The Mueller Technologies segment offers metering systems, leak detection, pipe condition assessment and other products and services for the water infrastructure industry. The Mueller Technologies segment includes Mueller Systems and Echologics businesses. The Company offers a range of water infrastructure, flow control and piping component system products and services in the United States and Canada. MUELLER WATER PRODUCTS, INC. (NYSE:MWA) Recent Trading Information
MUELLER WATER PRODUCTS, INC. (NYSE:MWA) closed its last trading session up +0.24 at 12.89 with 935,507 shares trading hands.