Industrial Machinery

“Segment Analysis Water Flow Solutions Net sales for the three months ended June 30, 2026 were $215.3 million as compared with $216.6 million in the prior year period, a decrease of $1.3 million or 0.6%, primarily as a result of lower volumes mostly offset by higher pricing across most product lines.”

MWA 10-Q · 2026-08-06

“Income tax expense of $62.5 million in 2025 resulted in an effective income tax rate of 24.6%, which was lower than the 29.1% rate in the prior year primarily as a result of certain non-deductible items recognized in 2024, including a non-cash goodwill impairment charge that did not reoccur in 2025, as well as changes in the valuation allowance related to certain state tax credits and foreign operating losses, tax benefits related to stock compensation, and higher foreign tax rate benefits.”

MWA 10-K · 2025-11-19

“The components of net interest expense are as shown below: Three months ended June 30, 2026 2025 (in millions) 4.0% Senior Notes $ 4.5 $ 4.5 Deferred financing costs amortization 0.3 0.2 ABL Agreement 0.2 0.2 Capitalized interest (0.4) (0.1) Other interest expense 0.3 — Total interest expense 4.9 4.8 Interest income (4.2) (3.1) Interest expense, net $ 0.7 $ 1.7 Income tax expense for the three months ended June 30, 2026 was $12.5 million as compared with $19.5 million in the prior year period, a decrease of $7.0 million or 35.9%, primarily attributable to a tax benefit resulting from the recognition of a loss on a foreign subsidiary investment, partially offset by higher pre-tax income and a valuation allowance on foreign pre-tax earnings.”

MWA 10-Q · 2026-08-06