Mueller Water Products Business Summary

Mueller Water Products, Inc. (MWA) operates as a leading manufacturer and marketer of water infrastructure and flow control products in North America, primarily generating revenue through the transaction-based sale of hardware and integrated digital solutions to municipal water utilities and industrial customers. The company is organized into two primary business segments: Water Flow Solutions, which produces iron gate valves, specialty valves, and service brass products; and Water Management Solutions, which encompasses fire hydrants, repair and installation products, natural gas components, and advanced metering and leak detection technologies. Mueller maintains a dominant market position, commanding an estimated 45-50% share of the North American fire hydrant market and 35-40% of the iron gate valve market. It competes directly with industrial peers such as Franklin Electric, Badger Meter, ITT Inc., and Mueller Industries, distinguishing itself through a massive installed base and a comprehensive portfolio that bridges traditional mechanical infrastructure with smart-water monitoring software. Originally founded in 1857 by Hieronymus Mueller, the company is currently led by President and CEO Paul McAndrew, who assumed the role in February 2026 after serving as COO and holding executive leadership positions at Emerson and Greenlee. The executive team includes Senior VP and CFO Melissa Rasmussen, who joined in 2025 from National Vision Holdings and previously spent over two decades in financial leadership at Lexmark International. The Board of Directors is chaired by Stephen C. Van Arsdell, a former Chairman and CEO of Deloitte & Touche LLP, and includes notable members such as Gregg C. Sengstack, former CEO of Franklin Electric, and Leland G. Weaver, former President of DuPont Water & Protection. This leadership core combines deep operational expertise in global manufacturing and supply chain management with high-level financial stewardship to drive the company’s strategic focus on aging infrastructure replacement and digital utility transformation.