Mueller Water Products, Inc. (NYSE:MWA) Q4 2022 Earnings Conference Call November 8, 2022 9:00 AM ET

Company Participants

Whit Kincaid - Senior Director, IR and Corporate Development

John Hall - President, CEO & Director

Martie Zakas - EVP & CFO

Conference Call Participants

Miguel De Jesus - Goldman Sachs

Deane Dray - RBC Capital Markets

Joe Giordano - Cowen

Bryan Blair - Oppenheimer

Brent Thielman - D.A. Davidson & Co.

Operator

Welcome, and thank you for standing by. [Operator Instructions]. And now I'll turn the call over to Whit Kincaid. You may begin.

Whit Kincaid

Good morning, everyone. Thank you for joining us on Mueller Water Products Fourth Quarter and Fiscal Year-end 2022 Conference Call. We issued our press release reporting results of operations for the quarter ended September 30, 2022 yesterday afternoon. A copy of the press release is available on our website, muellerwaterproducts.com. Scott Hall, our President and CEO; and Martie Zakas, our CFO, will be discussing our fourth quarter and full year results and our 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 our 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 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 the 30th of September. A replay of this morning's call will be available for 30 days at 1-800-834-5839. The archived webcast and corresponding slides will be available for at least 90 days in the Investor Relations section of our website.

I'll now turn the call over to Scott.

John Hall

Thanks, Whit. Good morning. Thanks for joining us for our fourth quarter earnings call. We were pleased to deliver our second consecutive year of double-digit net sales growth. Our fourth quarter net sales growth exceeded our expectations, driven by continued higher price realization. We saw a healthy order activity during the quarter and ended the year with record backlog. The sequential increase in orders is a testament to the resiliency of end market demand in the face of an evolving macro environment.