Mueller Water Products, Inc. (NYSE:MWA) Q1 2023 Earnings Conference Call February 3, 2023 10:00 AM ET

Company Participants

Whit Kincaid - Senior Director, IR & Corporate Development

J. Scott Hall - President, Chief Executive Officer

Martie Zakas - EVP & Chief Financial Officer

Conference Call Participants

Deane Dray - RBC Capital Markets

Bryan Blair - Oppenheimer

Miguel De Jesus - Goldman Sachs

Joe Giordano - Cowen

Walt Liptak - Seaport Research

Operator

Welcome and thank you for standing by. [Operator Instructions] This call is being recorded; any objections you may disconnect at this time.

I'll now turn the call over to Whit Kincaid.

Whit Kincaid

Good morning, everyone. Thank you for joining us on Mueller Water Products' First Quarter 2023 Conference Call. We issued our press release reporting results of operations for the quarter ended December 31, 2022, yesterday afternoon. A copy of the press release is available on our website, www.muellerwaterproducts.com. Scott Hall, our President and CEO; and Martie Zakas, our CFO, will be discussing our first quarter results and outlook for 2023.

This morning's call is being recorded and webcast live on the Internet. We have also posted slides on our website to accompany today's discussion which address our forward-looking statements and non-GAAP disclosure requirements. At this time, please refer to Slide 2. This slide identifies non-GAAP financial measures referenced in our press release, on our slides and on this call. It discloses the reasons why we believe that these measures provide useful information to investors. Reconciliations between non-GAAP and GAAP financial measures are included in the supplemental information within our press release and on our website. Slide 3 addresses forward-looking statements made on this call. This slide includes cautionary information identifying important factors that could cause actual results to differ materially from those included in our forward-looking statements. Please review Slides 2 and 3 in their entirety. During this call, all references to a specific year or quarter, unless specified otherwise, refer to our fiscal year which ends on September 30.

A replay of this morning's call will be available for 30 days at 1800-876-4955. The archived webcast and corresponding slides will be available for at least 90 days on the Investor Relations section of our website.

I'll now turn the call over to Scott.

J. Scott Hall

Thanks, Whit. Good morning, everyone. Thank you for joining us for our first quarter earnings 2023 call. I'm pleased with our solid start to this year. We again generated a double-digit increase in consolidated net sales as we benefited from past pricing actions taken to help offset inflationary pressures. The improved price realization was partially offset by a modest decrease in overall volumes in the quarter.