Investor Presentaiton
Segment Results and Reconciliation of Non-GAAP to GAAP Performance Measures
(UNAUDITED)
Net sales
Three months ended June 30, 2022
Water Flow
Solutions
Water
Management
Solutions
Corporate
Consolidated
(dollars in millions, except per share amounts)
$
195.9
$
137.3
$
$
333.2
Gross profit
Selling, general and administrative expenses
$
60.8
$
37.5
$
$
98.3
22.7
25.5
12.6
60.8
Strategic reorganization and other charges (1)
0.6
0.6
Operating income (loss)
$
38.1
$
12.0
$
(13.2)
$
36.9
Operating margin
Capital expenditures
Reconciliation of non-GAAP to GAAP performance measures:
Net income
Warranty charge (2)
Strategic reorganization and other charges (1)
Income tax benefit of adjusting items
Adjusted net income
Weighted average diluted shares outstanding
Adjusted net income per diluted share
19.4 %
8.7 %
11.1 %
$
8.1
$
2.6
$
$
10.7
(1)
Strategic reorganization and other charges includes charges related to the closure of our facilities in Aurora, Illinois and Surrey, British Columbia, Canada.
(2) The Company recorded a charge of $4.5 million in connection with its warranty obligations.
$
26.5
4.5
0.6
(1.1)
$
30.5
157.6
$
0.19
MUELLER
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