Mueller Water Products, Inc.

MWA

$23.90

+0.34%

N/A+$0.08

Industrials

Industrial - Machinery

NYSE

Active Trading

Mueller Water Products Inc. (MWA) is a leading provider of products and services crucial for the conveyance, distribution, and precise measurement of ...

Supply Chain of MWA

Upstream

Foundry, packaging, memory, wafers, components, and input vendors.

Upstream

Texas Instruments Incorporated

Mueller Water Products (in-house foundries)

Schnitzer Steel Industries, Inc.

Cleveland-Cliffs Inc.

Commercial Metals Company

NYSE:CMC

Scrap metal and rebar supplier; potential raw material input to foundry operations

PPG Industries, Inc.

NYSE:PPG

Supplier of protective coatings, epoxy paints, and corrosion-resistant finishes for water valves and hydrants

Sherwin-Williams Company

NYSE:SHW

Supplier of industrial coatings and corrosion protection for water infrastructure products

Texas Instruments Incorporated

NASDAQ:TXN

Supplier of analog and embedded processing semiconductors used in smart water meters and Mueller Technologies products

Amphenol Corporation

NYSE:APH

Supplier of interconnect systems and sensors for smart water metering and leak detection equipment

Downstream

Customers, distributors, OEMs, and channels that absorb output.

Downstream

Ferguson Enterprises (Ferguson plc)

Winsupply Inc.

Hajoca Corporation

HD Supply Waterworks (The Home Depot, Inc.)

Municipal Water Utilities (Various)

American Water Works Company, Inc.

Essential Utilities, Inc.

Core & Main, Inc.

NYSE:CNM

National waterworks distributor; a primary channel for Mueller valves, hydrants, and fittings to municipal and contractor end-users

Ferguson Enterprises (Ferguson plc)

NYSE:FERG

Major national plumbing and waterworks distributor; key reseller of Mueller water distribution products

Winsupply Inc.

Major regional waterworks and plumbing distributor carrying Mueller product lines across multiple US markets

Hajoca Corporation

Privately held national wholesale distributor of plumbing, waterworks, and industrial products; carries Mueller water products

HD Supply Waterworks (The Home Depot, Inc.)

NYSE:HD

Historical major waterworks distribution channel; now part of Core & Main or operated via HD Supply platform

Proxies

Public comparables and monitoring names used as representatives for the analysis.

Proxies

Watts Water Technologies, Inc.

Advanced Drainage Systems, Inc.

Watts Water Technologies, Inc.

NYSE:WTS

Comparable pure-play water infrastructure company; similar exposure to municipal and commercial water markets, valves, fittings, and water quality products. Serves as a public market proxy for water infrastructure demand trends.

Core & Main, Inc.

NYSE:CNM

Largest pure-play waterworks distributor in North America and a key downstream partner for Mueller. CNM's revenue trends and end-market commentary directly reflect the health of Mueller's distribution channel.

Badger Meter, Inc.

NYSE:BMI

Leading water metering technology company; proxy for the smart water metering end-market that Mueller Technologies competes in. Captures similar technology adoption trends (AMI, IoT water metering).

Advanced Drainage Systems, Inc.

NYSE:WMS

Water infrastructure company serving similar municipal and construction end-markets with stormwater and drainage products. Proxy for non-residential water infrastructure spending cycles.

Geographic

Region-level exposures that can distort the supply network.

Geographic

United States (Midwest & Southeast)

United States (National)

Global (Commodity Markets)

Mueller Water Products (in-house foundries)

Municipal Water Utilities (Various)

Cleveland-Cliffs Inc.

United States (Midwest & Southeast)

Manufacturing concentration - foundries and production facilities concentrated in the US Midwest (Illinois, Alabama, Tennessee)

Mueller Water Products (in-house foundries)NYSE:MWAOwned foundry operations in Decatur, IL and Albertville, AL; single-point-of-failure risk for severe weather, labor disputes, or regulatory actions

United States (National)

End-market dependency on US municipal water infrastructure spending, which is tied to federal funding (EPA SRF, Infrastructure Investment and Jobs Act), state budgets, and local tax revenue

Municipal Water Utilities (Various)Primary end-customers whose capital budgets drive demand for Mueller products; exposed to municipal bond market conditions and federal infrastructure funding cycles

Global (Commodity Markets)

Exposure to global commodity prices for scrap metal, pig iron, and coatings raw materials (resins, pigments) sourced from global markets

Cleveland-Cliffs Inc.NYSE:CLFTier 2 iron ore/pig iron supplier; pricing subject to global iron ore markets (China demand, Australian/Brazilian supply)

Concentration

Customer, supplier, or partner concentration exposures that can distort the supply network.

Raw Materials

High

Mueller is heavily exposed to ferrous metal pricing (scrap iron, pig iron, ductile iron). Volatility in scrap metal and iron ore markets directly impacts cost of goods sold across the Mueller Co. segment.

Customer

High

Mueller relies on a concentrated set of national waterworks distributors (Core & Main, Ferguson) for downstream channel access. Loss of a major distribution relationship would materially affect revenue.

Foundry

Critical

While vertically integrated with owned foundries, any operational disruption (equipment failure, labor, environmental compliance) at key foundry locations in Decatur, IL or Albertville, AL would halt valve and hydrant production.

Electronics

Medium

Mueller Technologies segment depends on semiconductor and electronic component supply chains. Extended lead times for chips, sensors, and radio modules could constrain smart meter production.

Revenue mix

How the target's revenue mix translates into supply-chain leverage and dependency.

Mueller Co. (Water Distribution Infrastructure)

57.5%

$0.8B

Drives demand for ductile iron, gray iron castings, brass/bronze alloys, rubber gaskets, epoxy coatings, and fire hydrant components. Vertically integrated foundries reduce dependence on external metal casters but create exposure to scrap metal and pig iron pricing.

Mueller Technologies (Smart Water Solutions)

42.5%

$0.6B

Drives demand for semiconductors, sensors, cellular/radio communication modules, battery packs, and electronic components. More exposed to electronics supply chain constraints and semiconductor lead times. Includes Echologics leak detection and pipe assessment technology.

About UsPrivacy PolicyTerms of ServiceDisclaimerStock DirectoryETFsIndices13F HoldingsAnalyst TargetsFree ToolsTechnology MapJoin our Slack

Plutux is not an investment adviser. Market data and AI-generated analysis are for information and education only, not investment advice. Disclaimer

Mueller Water Products, Inc.

Supply Chain of MWA

Upstream

Commercial Metals Company

PPG Industries, Inc.

Sherwin-Williams Company

Texas Instruments Incorporated

Amphenol Corporation

Mueller Water Products (in-house foundries)

Schnitzer Steel Industries, Inc.

Cleveland-Cliffs Inc.

View More

Downstream

Core & Main, Inc.

Ferguson Enterprises (Ferguson plc)

Winsupply Inc.

Hajoca Corporation

HD Supply Waterworks (The Home Depot, Inc.)

Municipal Water Utilities (Various)

American Water Works Company, Inc.

Essential Utilities, Inc.

View More

Proxies

Watts Water Technologies, Inc.

Core & Main, Inc.

Badger Meter, Inc.

Advanced Drainage Systems, Inc.

Geographic

United States (Midwest & Southeast)

United States (National)

Global (Commodity Markets)

Supply Chain of MWA

Upstream

Commercial Metals Company

PPG Industries, Inc.

Sherwin-Williams Company

Texas Instruments Incorporated

Amphenol Corporation

Mueller Water Products (in-house foundries)

Schnitzer Steel Industries, Inc.

Cleveland-Cliffs Inc.

View More

Downstream

Core & Main, Inc.

Ferguson Enterprises (Ferguson plc)

Winsupply Inc.

Hajoca Corporation

HD Supply Waterworks (The Home Depot, Inc.)

Municipal Water Utilities (Various)

American Water Works Company, Inc.

Essential Utilities, Inc.

View More

Proxies

Watts Water Technologies, Inc.

Core & Main, Inc.

Badger Meter, Inc.

Advanced Drainage Systems, Inc.

Geographic

United States (Midwest & Southeast)

United States (National)

Global (Commodity Markets)