<SEC-DOCUMENT>0001350593-18-000055.txt : 20181106
<SEC-HEADER>0001350593-18-000055.hdr.sgml : 20181106
<ACCEPTANCE-DATETIME>20181106103620
ACCESSION NUMBER:		0001350593-18-000055
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181106
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181106
DATE AS OF CHANGE:		20181106

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Mueller Water Products, Inc.
		CENTRAL INDEX KEY:			0001350593
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS FABRICATED METAL PRODUCTS [3490]
		IRS NUMBER:				203547095
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32892
		FILM NUMBER:		181161893

	BUSINESS ADDRESS:	
		STREET 1:		1200 ABERNATHY RD, NE
		STREET 2:		SUITE 1200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30328
		BUSINESS PHONE:		770-206-4200

	MAIL ADDRESS:	
		STREET 1:		1200 ABERNATHY RD, NE
		STREET 2:		SUITE 1200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30328

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Mueller Holding Company, Inc.
		DATE OF NAME CHANGE:	20060123
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8-k11x06x18xscript.htm
<DESCRIPTION>8-K
<TEXT>
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<div><a name="s726C153B9A145F9FA3CF105152A43654"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Washington, D.C. 20549</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">FORM&#160;8-K</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CURRENT REPORT PURSUANT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TO SECTION 13 or 15(d) OF THE</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECURITIES EXCHANGE ACT OF 1934</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:6px;text-align:left;padding-left:48px;text-indent:-48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:6px;text-align:center;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DATE OF REPORT (Date of earliest event reported):&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">November 6, 2018</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">MUELLER WATER PRODUCTS, INC.</font></div><div style="line-height:120%;padding-bottom:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Exact Name of Registrant as Specified in Its Charter)</font></div><div style="line-height:120%;padding-bottom:6px;text-align:center;text-indent:96px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:97.8515625%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:34%;"></td><td style="width:33%;"></td><td style="width:33%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Delaware</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0001-32892</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">20-3547095</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(State or Other Jurisdiction of Incorporation or Organization)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Commission File Number)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(I.R.S. Employer Identification Number)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1200 Abernathy Road, Suite 1200</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Atlanta, Georgia 30328</font></div><div style="line-height:120%;padding-bottom:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Address of Principal Executive Offices)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(770) 206-4200</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Registrant's telephone number, including area code)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Not applicable.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Former name or former address, if changed since last report)</font></div><div style="line-height:120%;text-align:center;"><hr></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.40625%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:3%;"></td><td style="width:3%;"></td><td style="width:94%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.40625%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:20%;"></td><td style="width:21%;"></td><td style="width:21%;"></td><td style="width:24%;"></td><td style="width:14%;"></td></tr><tr><td colspan="5" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</font></div></td></tr><tr><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:9px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Emerging growth company</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:13px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td colspan="4" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="sC1D7B967CF0B5CEAA1B23345B5D83E70"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:left;-sec-extract:summary;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 7.01.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Regulation FD Disclosure.</font></div><div style="line-height:120%;padding-top:5px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On November 6, 2018, Mueller Water Products, Inc. (the &#8220;Company&#8221;) held an investor conference call regarding its fourth quarter and full year 2018 financial results.  A copy of management's prepared remarks is attached and furnished as Exhibit 99.1 to this current report on Form 8-K and is incorporated herein by reference.  The furnishing of the remarks is not intended to constitute a representation that such furnishing is required by Regulation FD or that the remarks include material investor information that is not otherwise publicly available.  In addition, the Company does not assume any obligation to update such information in the future.</font></div><div style="line-height:120%;padding-top:11px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The information provided pursuant to this Item 7.01, including Exhibit 99.1 in Item 9.01, is &#8220;furnished&#8221; and shall not be deemed to be &#8220;filed&#8221; with the Securities and Exchange Commission or incorporated by reference in any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filings. </font></div><div style="line-height:120%;padding-top:11px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:11px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 9.01&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</font></div><div style="line-height:120%;padding-top:11px;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:86%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:11px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">(d) Exhibits.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="exhibit991script11-06x18.htm"><font style="font-family:inherit;font-size:10pt;">Exhibit 99.1</font></a></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:11px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management's Presentation, Conference Call Remarks - 4th Quarter and Full Year Fiscal 2018 (November 6, 2018)</font></div></td></tr></table></div></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SIGNATURES</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:95.703125%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:43%;"></td><td style="width:5%;"></td><td style="width:26%;"></td><td style="width:26%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dated:&#160; November 6, 2018</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MUELLER WATER PRODUCTS,&#160;INC.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Marietta Edmunds Zakas</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marietta Edmunds Zakas</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Executive Vice President and Chief Financial Officer</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT INDEX</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:1%;"></td><td style="width:13%;"></td><td style="width:86%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:11px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Exhibit No.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Description</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="exhibit991script11-06x18.htm"><font style="font-family:inherit;font-size:10pt;">Exhibit 99.1</font></a></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:11px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management's Presentation, Conference Call Remarks - 4th Quarter and Full Year Fiscal 2018 (November 6, 2018)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
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<DESCRIPTION>EXHIBIT 99.1
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<div><a name="s6BC8FCCA7787A101A2DB8751B15EDB8D"></a></div><div><div style="line-height:120%;text-align:center;font-size:20pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:20pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:justify;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;">Fourth Quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;">&#32;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;">&#32;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;">Conference</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-style:italic;">&#32;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;">Call Script</font></div><div style="line-height:120%;text-align:justify;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;">November 6, 2018</font></div><div style="line-height:120%;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;">9:00 a.m.</font></div><div style="line-height:120%;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:120%;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;text-decoration:underline;">Whit Kincaid</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Good morning everyone.  Welcome to Mueller Water Products&#8217; </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;and fiscal year end conference call.  We issued our press release reporting results of operations for the quarter ended </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">September&#160;30, 2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;yesterday afternoon.  A copy of it is available on our website, muellerwaterproducts.com.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Discussing </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;and full year results and the outlook for 2019 are Scott Hall, our president and CEO, and Martie Zakas, our CFO.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">This morning&#8217;s call is being recorded and webcast live on the Internet.  We have also posted slides on our website to help illustrate the quarter&#8217;s results, as well as to address forward-looking statements and our non-GAAP disclosure requirements.</font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">1</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:center;font-size:20pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:20pt;"><br></font></div></div><div><br></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">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, and 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.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">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.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">During this call, all references to a specific year or quarter, unless specified otherwise, refer to our fiscal year, which ends September 30th. </font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">A replay of this morning&#8217;s call will be available for 30 days at 1-800-860-4697.  The archived webcast and corresponding slides will be </font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">2</font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:center;font-size:20pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:20pt;"><br></font></div></div><div><br></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">available for at least 90 days in the Investor Relations section of our website.  In addition, we will furnish a copy of our prepared remarks on Form 8-K later this morning.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">I'll now turn the call over to Scott.</font></div><div style="line-height:232%;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><a name="s70DE761F5D1CA31965818751B180A318"></a></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;text-decoration:underline;">Scott Hall</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Thanks Whit.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Thank you for joining us today to discuss our results for the 2018 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;and full year.  I'll give you a quick overview of the quarter and then Martie will follow with additional commentary on our financial results.  I'll then provide some further color on key areas later in the call.  And finally, we will conclude with a discussion of our outlook for 2019.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">We had a solid finish to the year with </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">12.1 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;net sales growth and an </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">8.7 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;increase in adjusted operating income in the quarter.  Improved execution and strong demand in our end markets helped us </font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">3</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">generate very good volume growth at both Infrastructure and Technologies.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">We also benefited from the price increases we implemented earlier in the year, which helped us offset material cost inflation in the quarter.  We continue to feel the impacts of inflation primarily driven by higher prices for raw materials.  In addition, we felt the impact from higher freight costs compared to the prior year.  These headwinds have been especially challenging for the specialty valve portion of our business, which has longer lead times.  We have responded by announcing price increases for many of our products in September, which we expect to help offset anticipated inflation in 2019.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">I am proud of how we executed this year, evidenced by growing annual net sales </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">10.9 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, adjusted operating income </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">11.4 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, and adjusted net income per share </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">20.5 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  We made significant progress executing our key initiatives to grow and enhance our position as a leading water infrastructure company.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">4</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">We demonstrated our balanced and disciplined approach to capital allocation as we further strengthened our balance sheet with our debt refinancing, while increasing our reinvestment in the business and returning $60 million of cash to shareholders in 2018 through dividends and share repurchases.  We've talked about how acquisitions that leverage our strengths can accelerate our organic growth.  I am extremely excited about our announcement to acquire Krausz Industries which I will touch on later on the call.  This is a wonderful opportunity to broaden our product portfolio for our North American customers and expand our global reach.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">With that, I&#8217;ll turn the call over to Martie.</font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">5</font></div></div><hr style="page-break-after:always"><div><a name="sABD200FA960E40650CEC8751B1B17408"></a></div><div><br></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;text-decoration:underline;">Martie Zakas</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Thanks Scott, and good morning everyone.  I will start with our </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;consolidated financial results, then review our segment performance.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Consolidated net sales for the 2018 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;increased </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$27.4 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">12.1 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$254.3 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, driven by higher volumes at both Infrastructure and Technologies, as well as higher pricing at Infrastructure.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Gross profit increased </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">5.6 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the quarter to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$85.5 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;yielding a gross profit margin of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">33.6 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  Volume growth and higher pricing contributed to this increase.  We continue to experience the impacts from higher costs due to inflation as well as manufacturing inefficiencies in the quarter which impacted our gross margin.  The primary drivers of inflation include material costs, which increased approximately 5 percent year-over-year in the quarter, and higher freight costs.</font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">6</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Selling, general and administrative expenses were </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$42.9 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the quarter, up </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$900,000</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;from last year, with the increase primarily due to personnel-related expenses.  SG&amp;A as a percent of net sales decreased to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">16.9 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;from </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">18.5 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the prior year quarter.  For the year, SG&amp;A as a percent of net sales decreased </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">60</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;basis points to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">18.2 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Adjusted operating income increased </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">8.7 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$42.6 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the 2018 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  The adjusted results this quarter exclude </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$2.1 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;of other charges.  The improvement in operating income was primarily due to higher volumes and higher pricing, which were partially offset by higher costs from inflation and manufacturing inefficiencies at Infrastructure.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Adjusted EBITDA for the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">increased</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">8.0 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$53.7 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  For 2018, adjusted EBITDA was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$180.0 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">19.7 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;of net sales.</font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">7</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Turning now to taxes.  </font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">For the 2018 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, we reported a net income tax expense of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$9.7 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, or </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">28.0 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;of income before income taxes.  This rate differs from the statutory rate primarily due to the effects of state income taxes, manufacturing deductions and discrete items.  On an adjusted basis, the fourth quarter income tax rate was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">27.7 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, which excludes </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$100,000</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;of one-time impacts from tax legislation.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">For 2018, the adjusted effective income tax rate was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">26.2 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;as compared with an effective rate of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">30.8 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in 2017.  The 2018 full year adjusted effective rate was lower primarily due to a decrease in the federal income tax rate as a result of new tax legislation.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Our adjusted net income per share increased 13.3 percent to $0.17 for the quarter compared to $0.15 in 2017.  2018 quarterly adjusted EPS excludes $2.1 million of strategic reorganization and other </font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">8</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">charges, $300,000 related to the reduction of our ABL commitment, and $100,000 related to the tax legislation. </font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Now I'll turn to our segment performance, starting with Infrastructure.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Infrastructure net sales grew </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">9.3 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$223.5 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, due to higher shipment volumes and higher pricing.  For 2018, infrastructure had a strong year with </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">10.7 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;net sales growth.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Adjusted operating income for the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$50.1 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, a decline of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$900,000</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  The benefits from higher shipment volumes and higher pricing were primarily offset by higher material and freight costs, in conjunction with carryover manufacturing inefficiencies we discussed last quarter.  For the quarter, higher pricing did cover material cost inflation, and for the full year higher pricing covered these inflationary costs.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#160;&#160;&#160;&#160;</font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">9</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Adjusted EBITDA for the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;decreased </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$400,000</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$59.8 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the 2017 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, yielding an adjusted EBITDA margin of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">26.8 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;for this segment.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Moving on to Technologies&#8230;</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Technologies' performance was much improved this quarter, with strong sales growth and a small operating profit.  Net sales increased </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">36.9 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$30.8 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the quarter, primarily driven by higher volumes at Mueller Systems.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Adjusted operating income was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$300,000</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;for the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, an improvement of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$2.5 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;versus 2017.  The improvement in adjusted operating income was primarily due to higher volumes and manufacturing performance, partially offset by higher costs associated with inflation.  As a reminder, in our third quarter we had delayed delivery of some sales at the end of the quarter, and delivery of those sales helped to benefit this quarter's net sales and operating income.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">10</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Now I'll review our liquidity...</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Free cash flow, which is cash flow from operating activities of continuing operations, less capital expenditures, increased $18.8 million to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$33.8 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;for the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">fourth quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  In 2018, we generated </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$77.0 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;of free cash flow compared with </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$18.8 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the prior year.  </font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">The </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$58.2 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;improvement in free cash flow is due to an increase in cash flow from operating activities driven by both improved operations and timing of expenditures, partially offset by higher capital expenditures.  Additionally, in the fourth quarter of 2017 we made a voluntary $35.0 million contribution to our U.S. pension plan, which impacted our free cash flow.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">We invested </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$28.8 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the quarter for capital expenditures and </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$55.7 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in 2018, an increase of $15.1 million from 2017, largely to upgrade our equipment and manufacturing capabilities, which will further drive cost productivity improvements and efficiencies across </font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">11</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">the organization.  We also are investing to expand our large valve casting capabilities in our Chattanooga facility.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">At </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">September&#160;30, 2018</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, we had total debt of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$445.0 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, a decrease of $35.6 million from last year.  At the end of the fourth quarter, our net debt leverage ratio was less than 1 time, and our excess availability under the ABL Agreement was approximately </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$125 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">I'll now turn the call over to Scott.</font></div><div><a name="sAB653F7A89511D9185A38751B1D43666"></a></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;text-decoration:underline;">Scott Hall</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Thanks Martie.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">I'd like to comment on a few key areas, and then discuss our full year 2019 outlook.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">We are in the early stages of a transformational process as we take a company with a strong history in manufacturing iron and brass </font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">12</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">products for municipal and residential infrastructure, to one that provides more intelligent, value-added solutions to help customers manage and deliver important resources.  Mueller Water Products is uniquely positioned to leverage its large installed base of fire hydrants and other products with new technology offerings that can help our customers deliver the most important water resources to their communities.  As a reminder, we have four key strategic areas we remain focused on to drive results.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Delivering integrated, customer-focused support and alignment of our people, products and processes is foundational for executing our other key strategies.  The strategic reorganization we announced in September of last year was focused on creating an integrated, customer centered support structure with centralized common functions and integrated information technology.  We re-configured our divisional structure around products, with five business teams that have line and cross-functional responsibility for managing specific product portfolios.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">13</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Under the new organizational structure, engineering, operations, sales &amp; marketing and other functions have been centralized to better align with business needs and generate greater efficiency.  As part of this process, we recently launched our new Mueller brand identity at the 2018 WEFTEC conference to bring our family of brands more closely together in support of our ongoing efforts to drive revenue growth.  The changes we have made over the past year have led to improved execution of our key initiatives across the organization.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">We are well positioned to grow and play an integral role in building the future of our industry.  Accelerating the development of new products will help us expand our market-leading position and grow organic sales above market.  Increased investment in our product development capabilities, including expanding our engineering staff, has helped develop our pipeline and launch several key new products this year. </font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">To accelerate our efforts, we opened a new technology center of excellence in Chattanooga which will focus on our valves and hydrants.  </font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">14</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">We are in the process of creating a new technology center in Atlanta to focus on software and communications technologies.  With this change, we will transition the network operations center and all hardware and software development activities to the center of excellence in Atlanta.  We are pleased to have Chattanooga and Atlanta join Toronto which is our center of excellence for leak detection.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">As we invest in engineering talent, we are working to improve manufacturing operations by developing a culture focused on driving operational excellence.  We are bringing best practices focused on lean manufacturing with an investment mindset to deliver manufacturing productivity improvements.  Efforts will facilitate innovation and new product development, helping us drive sales growth and strengthen product margins.  Effective capital investments and efficiencies at our facilities will allow us to drive down costs, which can fund additional productivity initiatives and continued investment in product development.  We believe these efforts will help improve our conversion margins in 2019 and beyond.</font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">15</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">We are successfully implementing a go-to-market strategy that leverages all of our products and services.  This helped us achieve our highest annual net sales growth since 2013.  We have executed multiple price increases to cover inflation, while delivering strong volume growth at Infrastructure and improved growth at Technologies.  Our plan is to continue to enhance sales growth of our existing products by strengthening our relationships with our customers and channel partners and realizing synergies among our product lines with a unified sales and marketing strategy.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Our key strategies are supported by a strong balance sheet and substantial free cash flow which enable us to reinvest in our business while returning cash to shareholders.  We further strengthened our balance sheet this year by refinancing our debt to provide us with a structure that yields long-term flexibility and preserves secured debt capacity.  We also reduced uncertainty by extending our debt maturities </font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">16</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">and fixing our rate at what we felt was an attractive interest rate when you consider rates over the long-term cycle.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">In 2018, we generated </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$133 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;of operating cash flow which we used to reinvest in the business and return to shareholders.  We increased our capital spending in 2018 to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$56 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;enabling us to further accelerate manufacturing efficiencies and expand our capabilities to meet the growing demand for water infrastructure products as utilities repair and rebuild their aging infrastructure, including the large valve manufacturing capabilities in Chattanooga.  In addition, we repaid $36 million of debt and returned $60 million of cash to shareholders through a combination of dividends and share repurchases.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Our acquisition pipeline is focused on leveraging our existing channels, strengthening our market position, and expanding our geographic footprint.  Yesterday, we announced an agreement to acquire Krausz Industries which we believe offers an excellent opportunity to broaden our product portfolio by adding a high quality brand of pipe </font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">17</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">repair products to our infrastructure business.  Krausz is a family-owned company with a long track record of innovation and growth.  We believe this acquisition is complementary from customer, product, and manufacturing perspectives.  The HYMAX family of products allows us to address a broader scope of needs for the water infrastructure system while expanding our global presence.  Our understanding of their end markets and our shared customers will allow us to accelerate their efforts in the U.S. and abroad.  Going forward we will continue to look for opportunities which are close to our core areas of expertise.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">I'd like to now review our full year 2019 expectations for consolidated results.  Our annual guidance excludes any impact from the&#160;pending Krausz acquisition, which we expect to close in December of 2018.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">For 2019, we anticipate continued healthy demand in all of our end markets.  This includes municipal spending, which represents approximately 60% of sales, growing in the low to mid-single digit range.  </font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">18</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Residential construction, which makes up approximately 30% of sales, is expected to grow in the mid-single digit range.  Finally, we anticipate mid to high-single digit range of growth for the natural gas distribution market, which represents a little less than 10% of sales.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">I am very encouraged about the progress we have made executing strategies to drive sales and increase adjusted operating income which are creating a strong foundation for future growth.  We continue to believe we are operating in healthy markets which will accept price increases to cover economic costs.  Our annual guidance assumes that the future impact of tariffs will be covered by price increases and market activities.   Any additional tariffs could impact the timing of our ability to change prices to cover additional costs.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">For 2019, we expect to increase our organic consolidated net sales between 4 and 6 percent on top of strong sales growth of nearly 11 percent in 2018, with organic adjusted operating income growth between 7 and 9 percent.  We believe our balanced and disciplined capital </font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">19</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">allocation, supported by a strong balance sheet and substantial free cash flow, will continue to benefit shareholders while supporting organic growth and acquisitions.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Now Martie will provide some final comments on other components of our 2019 outlook.  </font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#160;&#160;&#160;&#160;</font></div><div><a name="s1822F861EB4A6DF33C408751B20583D4"></a></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;font-weight:bold;text-decoration:underline;">Martie Zakas</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Thanks Scott....</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Corporate SG&amp;A expenses are expected to be between $35 million and $37 million.  We anticipate that depreciation and amortization will be between $50 million and $53 million, net interest expense will be between $20 million and $21 million, and capital expenditures will be between $56 and $60 million.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">20</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">We anticipate that our effective income tax rate for the full year will be between 25 and 27 percent.  We will benefit from a lower corporate income tax rate in 2019 compared with our 2018 blended rate.  However, our 2019 estimated effective tax rate reflects the elimination or reduction of certain deductions that benefited 2018, such as the elimination of the domestic manufacturing deduction.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">With that, Operator, please open this call for questions.</font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">21</font></div></div>	</body>
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