Mueller Water Products Seeks Acquisitions

Published: 2026-05-06 14:20:35 ET MWA

Published on 05/06/2026 at 02:20 pm EDT

Mueller Water Products, Inc. (NYSE:MWA) is looking for acquisitions. During the Mueller Water Products Second Quarter Conference Call, Paul McAndrew, President and Chief Executive Officer, said, "Additionally, we will continue to take a disciplined approach to capital allocation, balancing organic investments such as our strategic capital expenditures, pursuing targeted acquisitions and returning cash to shareholders." "Lastly, to accelerate our growth, we will drive market-leading innovation, focused market expansion and disciplined strategic acquisitions." "We have streamlined our new product R&D to focus on the most impactful near-term and long-term opportunities." "While we have benefited from improving our commercial and operational execution, we are confident that we can build on our momentum to accelerate net sales growth and expand margins further through our new operating system." "our balance sheet is really strong, and we've definitely increased our activity about how we look for acquisitions to expand our portfolio. We want to find key criteria and where we can expect sales and profitability, cost synergies.

The challenge here is unlocking some of those acquisitions, but we are far more active in trying to tap into what would be a good acquisition for us as an organization". Melissa Rasmussen, Chief Financial Officer said, "Our balance sheet remains strong and flexible with no debt maturities until June 2029 and $450 million of senior notes at a 4% fixed interest rate. We had no borrowings under our ABL and ended the quarter with $585 million of total liquidity, including $164 million of availability under the ABL.

As a result, we continue to maintain ample liquidity, capacity and financial flexibility to support our strategic priorities, including pursuing acquisitions".