Investor Presentaiton
Segment Results and Reconciliation of Non-GAAP to GAAP Performance Measures
(UNAUDITED)
Net sales
Water Flow
Solutions
$
150.1
Three months ended June 30, 2023
Water
Management
Solutions
Corporate
(dollars in millions, except per share amounts)
$
176.5
$
Consolidated
$
326.6
Gross profit
Selling, general and administrative expenses
$
33.6
$
66.5
$
$
100.1
20.9
26.5
13.2
60.6
Strategic reorganization and other charges (1)
0.1
1.0
2.8
3.9
Operating income (loss)
$
12.6
$
39.0
$
(16.0)
$
35.6
Operating margin
Capital expenditures
Reconciliation of non-GAAP to GAAP performance measures:
Net income
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
(1) Strategic reorganization and other charges includes severance and certain transaction-related expenses.
8.4 %
22.1 %
10.9 %
$
7.5
$
4.4
$
$
11.9
$
24.5
3.9
(0.8)
$
27.6
157.2
$
0.18
MUELLER
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