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MUELLER Mueller Water Products MWA LISTED NYSE MUELLER WATER PRODUCTS REPORTS 2021 THIRD QUARTER RESULTS Achieved Record Net Sales of $ 310.5 million , a 35.9 percent Increase Reported Net Income per Diluted Share of $ 0.09 and Adjusted Net Income per Diluted Share of $ 0.18 Increased adjusted EBITDA 42.9 percent to $ 62.6 million ATLANTA , August 4 , 2021 - Mueller Water Products , Inc. ( NYSE : MWA ) announced today that for its fiscal 2021 third quarter ended June 30 , 2021 , net sales were $ 310.5 million and net income was $ 14.4 million . During the quarter , the Company : • • • • • • Increased net sales 35.9 percent to $ 310.5 million as compared with $ 228.5 million in the prior year quarter . Generated operating income of $ 42.7 million as compared with $ 20.0 million in the prior year quarter . Increased adjusted operating income 62.9 percent to $ 46.6 million as compared with $ 28.6 million in the prior year quarter . Achieved net income of $ 14.4 million as compared with $ 11.2 million in the prior year quarter . Increased adjusted net income 64.0 percent to $ 29.2 million as compared with $ 17.8 million in the prior year quarter . Reported net income per diluted share of $ 0.09 and adjusted net income per diluted share of $ 0.18 as compared with net income per diluted share of $ 0.07 and adjusted net income per diluted share of $ 0.11 in the prior year quarter . Increased adjusted EBITDA 42.9 percent to $ 62.6 million as compared with $ 43.8 million in the prior year quarter . Latest twelve months adjusted EBITDA is $ 215.6 million . Generated $ 123.3 million of net cash provided by operating activities in the nine month period as compared with $ 77.8 million for the prior year period . Achieved $ 77.2 million of free cash flow in the nine month period as compared with $ 26.6 million for the prior year period . " For the Mueller family , June 15th of this year will always be remembered for the senseless tragedy that occurred in our facility located in Albertville , Alabama . Our hearts are with the victims and their loved ones , the Albertville community and everyone at Mueller during this difficult time . The response from our team in Albertville and everyone throughout Mueller demonstrates the commitment our team members have to each other . We are grateful for all of the support and encouragement we have received from the community and across the country , " said Scott Hall , President and Chief Executive Officer of Mueller Water Products . " Overall , we delivered an exceptionally strong third quarter performance achieving record consolidated net sales with 35.9 % growth compared with the prior year quarter . We generated a 13.2 % increase in net sales when compared with the third quarter of fiscal 2019 , which preceded the pandemic , reflecting strong end market demand from continued increases in municipal