Investor Presentaiton
Segment Results and Reconciliation of Non-GAAP to GAAP Performance Measures
(UNAUDITED)
Net sales
Water Flow
Solutions
Nine months ended June 30, 2023
Water
Management
Solutions
Corporate
Consolidated
(dollars in millions, except per share amounts)
$
472.9
$
501.4
$
$
974.3
Gross profit
$
117.4
$
173.7
$
$
291.1
Selling, general and administrative expenses
65.3
82.2
40.2
187.7
Strategic reorganization and other charges (benefits) (1)
0.1
1.2
(0.4)
0.9
Operating income (loss)
$
52.0
$
90.3
$
(39.8)
$
102.5
Operating margin
Capital expenditures
Reconciliation of non-GAAP to GAAP performance measures:
Net income
Strategic reorganization and other charges (benefits) (1)
Income tax benefit of adjusting items
Adjusted net income
Weighted average diluted shares outstanding
Adjusted net income per diluted share
11.0 %
18.0 %
$
23.1
$
9.3
$
10.5 %
+A
$
32.4
$
68.3
0.9
(0.2)
$
69.0
156.8
$
0.44
(1) Strategic reorganization and Strategic reorganization and other charges (benefits) includes severance and certain transaction-related expenses partially offset by a gain on the sale of our
facility in Aurora, Illinois.
MUELLER
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