Investor Presentaiton
Free Cash Flow
• Increased net cash provided by operating activities
for YTD Q3 FY2023 by $32.0M to $52.5M compared
with prior-year period
-
Increase driven by improvements in working capital in Q3
Inventories decreased sequentially in Q3 to $312.7M, which is
$61.8M, or 24.6%, higher than Q3 FY2022
Invested $32.4M in capital expenditures for YTD Q3
FY2023, $4.3M lower compared with prior-year
period
• Increased free cash flow $36.3M to $20.1M for YTD
Q3 FY2023 compared with prior-year period
$60.0
$52.5
$50.0
$40.0
$30.0
$20.5
$ in Millions
$20.0
$32.4
$20.1
$10.0
$36.7
$0.0
-$10.0
-$16.2
-
Driven by increase in cash provided by operating activities and
lower capital expenditures
-$20.0
YTD Q3 FY2022
YTD Q3 FY2023
Did not repurchase any common stock in Q3 FY2023,
and as of June 30, 2023, had $100.0 million
remaining under share repurchase authorization
(1) Average Net Working Capital defined as the average of Net Receivables + Net Inventories - Accounts Payable for last 5 quarters.
Capital expenditures
Free cash flow
MUELLER
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