Investor Presentaiton
Segment Results and Reconciliation of Non-GAAP to GAAP Performance Measures
(UNAUDITED)
Net sales
Nine months ended June 30, 2022
Water Flow
Solutions
Water
Management
Solutions
Corporate
Consolidated
(dollars in millions, except per share amounts)
$
534.7
$
381.3
$
$
916.0
Gross profit
$
Selling, general and administrative expenses
169.9
65.1
$
108.8
$
$
278.7
73.5
36.5
175.1
Strategic reorganization and other charges (1)
0.2
3.4
3.6
Operating income (loss)
$
104.8
$
35.1
$
(39.9)
$
100.0
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
19.6 %
9.2 %
$
29.6
$
7.1
$
(1)
Strategic reorganization and other charges includes expenses associated with the Albertville tragedy and restructuring activities.
(2) The Company recorded a charge of $4.5 million in connection with its warranty obligations.
10.9 %
36.7
$
69.5
4.5
3.6
(1.8)
$
75.8
158.3
EA
$
0.48
MUELLER
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