<SEC-DOCUMENT>0001350593-19-000011.txt : 20190205
<SEC-HEADER>0001350593-19-000011.hdr.sgml : 20190205
<ACCEPTANCE-DATETIME>20190205110723
ACCESSION NUMBER:		0001350593-19-000011
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190205
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190205
DATE AS OF CHANGE:		20190205

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:		19566724

	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-k02x05x19xscript.htm
<DESCRIPTION>8-K
<TEXT>
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<div><a name="sB150FF3A6A95598C97ECBE73A64AB56F"></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: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;">February 5, 2019</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:669px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:222px;"></td><td style="width:222px;"></td><td style="width:222px;"></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%;padding-bottom:6px;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%;padding-bottom:6px;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;">&#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;">(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;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></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: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:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:22px;"></td><td style="width:17px;"></td><td style="width:642px;"></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:93.1640625%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:24%;"></td><td style="width:24%;"></td><td style="width:24%;"></td><td style="width:24%;"></td><td style="width:4%;"></td></tr><tr><td colspan="5" 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;">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:12px;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:12px;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><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%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><a name="s89488F44B0C450548AE5F8B7B11D7B7D"></a></div><div style="line-height:120%;padding-bottom:16px;text-align:left;-sec-extract:summary;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:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:66px;"></td><td style="width:10px;"></td><td style="width:605px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 7.01.</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><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Regulation FD Disclosure.</font></div></td></tr></table></div></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 February 5, 2019, Mueller Water Products, Inc. (the &#8220;Company&#8221;) held an investor conference call regarding its fiscal 2019 first quarter 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;"><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:655px;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:66px;"></td><td style="width:10px;"></td><td style="width:577px;"></td></tr><tr><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;">Item 9.01</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><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;">Financial Statements and Exhibits.</font></div></td></tr><tr><td colspan="3" 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></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:11px;text-align:right;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="exhibit991script2-04x19.htm"><font style="font-family:inherit;font-size:10pt;">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="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;">Management's Presentation, Conference Call Remarks - 1st Quarter Fiscal 2019 (February 5, 2019)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;text-indent:96px;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;">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:617px;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:293px;"></td><td style="width:40px;"></td><td style="width:190px;"></td><td style="width:93px;"></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; February 5, 2019</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 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><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="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:bottom;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="exhibit991script2-04x19.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 - 1st Quarter Fiscal 2019 (February 5, 2019)</font></div><div style="padding-top:11px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="padding-top:11px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></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%;text-align:center;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="sFA4C7027FBAF5CFD2CE3AE83025EFF5F"></a></div><div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:18pt;">02.04.19  12:20pm</font></div><div style="line-height:120%;font-size:20pt;"><font style="font-family:inherit;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 Medium,sans-serif;font-size:16pt;">First Quarter</font><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;">&#32;</font><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;">2019</font><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;">&#32;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;">Conference</font><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;font-style:italic;">&#32;</font><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;">Call Script</font></div><div style="line-height:120%;text-align:justify;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;">February 5, 2019</font></div><div style="line-height:120%;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;">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 Medium,sans-serif;font-size:16pt;text-decoration:underline;">Whit Kincaid</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;">Good morning everyone.  Welcome to Mueller Water Products&#8217; </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">2019</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;">first quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;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;">December&#160;31, 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 the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">first quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#8217;s results and our 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:18pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:18pt;">02.04.19  12:20pm</font></div><div style="line-height:120%;font-size:20pt;"><font style="font-family:inherit;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;"><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 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;">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 on September 30.  I also want to point out that our performance results do not include the acquisition of Krausz Industries, except for the impact of the acquisition on our balance sheet and cash flow statements.  Krausz's </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:18pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:18pt;">02.04.19  12:20pm</font></div><div style="line-height:120%;font-size:20pt;"><font style="font-family:inherit;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;">results will be included in our operating results beginning January 1, 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;">A replay of this morning&#8217;s call will be available for 30 days at 1-800-219-6387.  The archived webcast and corresponding slides will be 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:120%;font-size:10pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:10pt;"><br></font></div><div><a name="s321195BB34379D15F259AE83027A07A4"></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 Medium,sans-serif;font-size:16pt;text-decoration:underline;">Scott Hall</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;">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 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">2019</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;">first quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  I will start with an overview of the first quarter, so please turn to slide 4.</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;">3</font></div></div><hr style="page-break-after:always"><div></div><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;">Overall, I am pleased with our team's performance this quarter as their execution helped deliver a solid start to the year.  We generated </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">8.1 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;organic net sales growth driven by higher shipment volumes and pricing.  In the quarter, both sales growth and our improved manufacturing performance led to a </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">22.4 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;increase in adjusted operating income with a </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">20.4 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;growth in adjusted EBITDA.  Both Infrastructure and Technologies reported growth in net sales and improved operating performance during the quarter.</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 have been working constructively with all of the parties involved in the ongoing dispute regarding the tax liabilities of Walter Energy, our former parent.  The IRS provided a $37.4 million calculation of the tax liability emanating from the activities of certain businesses of Walter Energy.  As a result, we recorded the entire amount due to the operation of several liability under federal law.  Martie will discuss the details later in the call.  Put simply, after many years of uncertainty, we believe we are in a position to settle this matter.</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></div><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;">During the quarter, we completed our acquisition of Krausz Industries.  We remain very excited about having a high quality product portfolio for the pipe repair market, and the potential synergies we can achieve together.  This is our largest acquisition in over a decade and we are working closely with the Krausz team members to plan and execute future growth initiatives which we will address later in the call.  </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;">After a solid start to the year, we are increasing our expectations for 2019 to reflect the impact of the Krausz acquisition.  We announced additional price increases for many products, which will be effective in February in order to help offset anticipated inflation in 2019.  Despite operating in an increasingly challenging economic environment, I am confident in our ability to drive growth through continued focused execution of our key strategies.</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;">With that, I&#8217;ll turn the call over to Martie.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:inherit;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:inherit;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:inherit;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;">5</font></div></div><hr style="page-break-after:always"><div><a name="s1B6814A3C0A77C542A5CAE83029C8AFB"></a></div><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;text-decoration:underline;">Martie Zakas</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;">Thanks Scott, and good morning everyone.  I will start with our </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">first quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;consolidated financial results, including an overview of the Walter Energy Accrual, and then review our segment performance.  After that, I will touch on the Krausz acquisition.</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 2019 first quarter increased </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$14.5 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;">8.1 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;">$192.8 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 </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;">8.5 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;">$60.1 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;">31.2 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  Higher pricing, increased shipment volumes and improved manufacturing performance contributed to this increase, but was partially offset by higher material and freight costs and the impact of tariffs.  Material costs increased nearly 5 percent year-over-year in the quarter.</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;">6</font></div></div><hr style="page-break-after:always"><div></div><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;">Selling, general and administrative expenses were </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$41.0 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;">$1.2 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;from last year, with the increase primarily due to higher volume-related personnel 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;">21.3 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;">first 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;">22.3 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the prior year quarter.</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;">22.4 percent</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;">$3.5 million</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;">$19.1 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;">2019</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;">first quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  Both segments contributed to the improvement in operating performance.  This was primarily due to higher volumes and pricing, and better manufacturing performance, which were partially offset by higher costs associated with inflation.</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;">2019</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;">first 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;">20.4 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;">$31.3 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  Over the last twelve months, adjusted EBITDA increased to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$185.3 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, or 19.9 percent of net sales.</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 address the Walter Energy Accrual.</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;">7</font></div></div><hr style="page-break-after:always"><div></div><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;">As Scott mentioned earlier, for the quarter ended December 31, 2018, we recorded a $37.4 million accrual related to the Walter Energy Liability.  After extensive work and discussions with the IRS, the Department of Justice, the Walter Energy bankruptcy trustee, and other involved parties and experts, the IRS has provided us with a $37.4 million calculation of the tax liability emanating from the activities of certain businesses of Walter Energy, our former parent.&#160; The IRS calculation includes interest amounts calculated through January 31, 2019 which will continue to accrue until the matter is finalized and paid.  The accrual we recorded includes $7.4 million for the underlying tax matter and $30 million of related interest.  </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;">The Company&#8217;s previous activities and tax positions were not the source of the Walter Energy Liability.  However, we recorded the Walter Energy Accrual due to the operation of several liability under federal law.  A payment settlement agreement has not been reached with the Department of Justice and IRS.  The recent government shutdown did affect negotiations during this time period, and we do not have an estimate as to when, or if, a settlement agreement can be reached.  We </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></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;">will continue to work constructively with all the parties involved in this matter in an effort to negotiate a settlement.</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 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 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">2019</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;">first quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, we reported a net income tax benefit of</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$5.9 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;">21.9 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;of loss before tax.  This includes a </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$7.7 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;benefit on the Walter Energy Accrual and a </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$600,000</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;favorable adjustment related to the one-time provisional expense of $7.5 million recorded in the prior year for the transition tax on previously-untaxed, undistributed foreign earnings.</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 to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$0.07</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;for the quarter compared to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$0.06</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the prior year quarter.  Our 2018 quarterly adjusted EPS excludes the Walter Energy Accrual and strategic reorganization and other charges.</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><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></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;">Infrastructure net sales grew </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">7.4 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;">$172.0 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;">first quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, due to higher shipment volumes and higher pricing.</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;">first 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;">10.0 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;">$30.9 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, primarily due to shipment volume growth, higher pricing and improved manufacturing performance, partially offset by higher costs associated with inflation and SG&amp;A expenses.&#160;&#160;&#160;&#160;</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;">2019</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;">first 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;">10.5 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;">$41.0 million</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;">23.8 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' net sales </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;">14.3 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;">$20.8 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><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></div><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;">Our adjusted operating performance improved </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;in the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">2019</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;">first quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, primarily due to improved manufacturing performance and higher volumes, partially offset by higher costs associated with inflation.  Adjusted operating loss for the quarter was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$3.7 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;compared to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$4.6 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;last year.</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 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;">Cash flow from operating activities improved $9.4 million to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$9.9 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;compared to the prior year quarter.  We invested </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$15.9 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in capital expenditures in the quarter primarily to upgrade our equipment and manufacturing capabilities as compared with </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$6.4 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;last year.</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;">Free cash flow, which is cash flow from operating activities, less capital expenditures, was negative </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$6.0 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, similar to the prior year quarter. </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;">December&#160;31, 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;">$445.6 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;and cash and cash equivalents of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$198.8 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, which is lower primarily due to the Krausz acquisition.  At the end of the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">first quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, our net debt leverage ratio was 1.3 times.</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></div><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;">&#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&#8217;ll now turn to the Krausz acquisition.</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;">As Scott mentioned, in early December, we completed the acquisition of Krausz Industries for $140 million before adjustments.  We anticipate incurring $2 to $3 million of future transaction and integration expenses, which do not include expense associated with the inventory step-up and any potential one-time tax payments for changes in tax structuring.</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;">From a reporting perspective, Krausz will be part of the Infrastructure segment and will be included in the company's operating results beginning January 1, 2019.  The operating results of Krausz will be reported on a one-month lag beginning in the quarter ended March 31, 2019.  This means that the 2019 second quarter results will include Krausz's results for December, January and February.  For the quarter ended December 31, 2018, the consolidated balance sheet includes an estimated opening balance sheet for Krausz and the cash flow </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></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;">statement reflects the acquisition.  However, the consolidated statement of operations excludes the results of Krausz's operations.  </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 turn the call back to Scott to talk more about our results and updated outlook for 2019.</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><a name="sB0F40BAC16842C33D5A3AE8302CD6DC6"></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 Medium,sans-serif;font-size:16pt;text-decoration:underline;">Scott Hall</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;">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;">We were pleased to start the year with </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">8.1 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;organic consolidated net sales growth including a </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">7.4 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;increase at Infrastructure and </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">14.3 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;increase at Technologies.  The increase was driven by volume growth at both segments and higher pricing at Infrastructure.</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 Martie mentioned, we are still experiencing higher inflation.   Although the rate of material cost inflation has slowed compared with the </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></div><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;">prior year, we anticipate higher inflationary pressures driven by a combination of material costs, freight, labor and tariffs in 2019.  We recently announced additional price increases for many of our products which will be effective in February impacting U.S. and Canadian markets.  This is in addition to the price increases we announced in September.  Our price cost relationship improved in the first quarter, and we expect higher pricing will help offset anticipated inflation as well as cover some of the material and freight cost increases we experienced last year.  Going forward, we will remain focused on improving our conversion margin through price realization and productivity initiatives.</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'll now give a quick update on the Krausz Acquisition...  </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;">Krausz had another strong year of growth, generating double digit net sales growth in calendar 2018 with healthy adjusted margins.  We are working closely with the Krausz team members to execute growth initiatives with plans to enhance Krausz's efforts in the U.S. and abroad </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></div><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;">by generating sales and operating synergies that will expand future growth.</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;">The annual Krausz sales meeting took place in January.  During the meeting, we made progress planning sales strategies for a number of key areas including cross-selling with our Mueller portfolio, leveraging our distribution and sales rep relationships, and examining expansion into adjacent markets beyond water utilities.  The product management teams are also working together to identify opportunities for collaboration related to product innovation, upcoming product launch plans and new product development which will help further position us as we prepare to penetrate new markets and introduce new products. </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:96px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">I'd like to quickly touch on our capital allocation strategies...  </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;">Since the end of calendar 2016, we have demonstrated a track record of strategic investments with $108 million allocated towards capital expenditures and $163 million spent on acquisitions.  In addition, </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></div><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 have returned $147 million of cash to shareholders through a combination of dividends and share repurchases.  We also further strengthened our balance sheet during this period with the senior note refinancing, and have a net debt leverage ratio of 1.3 times, after the Krausz acquisition.</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 capital allocation strategy remains focused on enhancing our position as a water infrastructure company and adding long-term value for our shareholders.  Moving forward, we will continue to balance our capital allocation among strategic investments to strengthen and grow the business while returning cash to shareholders.  As I have previously discussed, we expect near-term capital expenditures to be higher than they have been historically to help support our strategic growth initiatives as well as to keep our facilities poised for manufacturing improvements.  Additionally, we will continue to look for strategic acquisitions to expand our product portfolio and geographic footprint.</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;">16</font></div></div><hr style="page-break-after:always"><div></div><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;">I will wrap up my comments with a review of our current full year expectations for consolidated results.  </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;">&#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;">For 2019, we anticipate continued growth in all of our end markets.  This includes residential construction growing in the low-single digit range, with municipal spending in the low to mid-single digit range.  Finally, we anticipate mid-single digit range of growth for the natural gas distribution market.  Our expectations for residential construction are lower than what we previously communicated as residential growth has slowed in the near-term.</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;">After a solid start to the year, we are increasing our expectations for 2019 to reflect the impact of the Krausz acquisition.  We expect to increase our consolidated net sales between 8 and 10 percent in 2019.    We expect to deliver adjusted EBITDA growth between 14 and 17 percent with no change in our expectations for full year organic adjusted operating income 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><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></div><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;">As I mentioned earlier, we are facing an increasingly challenging operating environment.  We will continue to focus on executing our key strategies to grow and enhance our business by accelerating new product development, driving operational excellence, and improving our go-to-market strategies as a more customer-focused 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;">Martie will now provide some final comments on our 2019 outlook.  </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><a name="s90e762f3b30640c9bb62487532a16081"></a></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;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;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 2019, we expect that depreciation and amortization will be between $51 and $54 million, which excludes amortization related to the acquisition of Krausz.  Corporate SG&amp;A expenses are expected to be between $35 and $37 million.  Net interest expense is expected to be between $22 and $23 million, reflecting lower interest income as a result of funding the Krausz acquisition with cash on hand.  Our adjusted effective income tax rate for the full year is expected to be between 25 and 27 percent.  Finally,</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></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;">&#32;we expect capital expenditures to be between $58 and $62 million, and are considering some projects which would increase our expected expenditures for 2019. </font></div><div style="line-height:120%;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 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: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>	</body>
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