<SEC-DOCUMENT>0001350593-19-000024.txt : 20190507
<SEC-HEADER>0001350593-19-000024.hdr.sgml : 20190507
<ACCEPTANCE-DATETIME>20190507103005
ACCESSION NUMBER:		0001350593-19-000024
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190507
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190507
DATE AS OF CHANGE:		20190507

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:		19801713

	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-k05x07x19xscript.htm
<DESCRIPTION>8-K
<TEXT>
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<div><a name="s792D882AF3FA542284FF87F7124B3688"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Washington, D.C. 20549</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">FORM&#160;8-K</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CURRENT REPORT PURSUANT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TO SECTION 13 or 15(d) OF THE</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SECURITIES EXCHANGE ACT OF 1934</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:6px;text-align:left;padding-left:48px;text-indent:-48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;padding-bottom:6px;text-align:center;padding-left:48px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DATE OF REPORT (Date of earliest event reported):&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">May 7, 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:384px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:97.8515625%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:34%;"></td><td style="width:33%;"></td><td style="width:33%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Delaware</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0001-32892</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">20-3547095</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(State or Other Jurisdiction of Incorporation or Organization)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Commission File Number)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(I.R.S. Employer Identification Number)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#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:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.40625%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:3%;"></td><td style="width:3%;"></td><td style="width:94%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Wingdings;font-size:10pt;">o</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:1pt;"><font style="font-family:inherit;font-size:1pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width: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 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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><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s0D4AD35444845E35A6393BE6881097D0"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:left;-sec-extract:summary;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 7.01.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Regulation FD Disclosure.</font></div><div style="line-height:120%;padding-top:5px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On May 7, 2019, Mueller Water Products, Inc. (the &#8220;Company&#8221;) held an investor conference call regarding its second quarter fiscal 2019 financial results.  A copy of management's prepared remarks is attached and furnished as Exhibit 99.1 to this current report on Form 8-K and is incorporated herein by reference.  The furnishing of the remarks is not intended to constitute a representation that such furnishing is required by Regulation FD or that the remarks include material investor information that is not otherwise publicly available.  In addition, the Company does not assume any obligation to update such information in the future.</font></div><div style="line-height:120%;padding-top:11px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The information provided pursuant to this Item 7.01, including Exhibit 99.1 in Item 9.01, is &#8220;furnished&#8221; and shall not be deemed to be &#8220;filed&#8221; with the Securities and Exchange Commission or incorporated by reference in any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filings. </font></div><div style="line-height:120%;padding-top:11px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:11px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 9.01&#160;&#160;&#160;&#160;Financial Statements and Exhibits.</font></div><div style="line-height:120%;padding-top:11px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">(d) Exhibits.</font></div><div style="line-height:120%;padding-top:11px;text-align:left;text-indent:48px;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="exhibit991script5-07x19.htm"><font style="font-family:inherit;font-size:10pt;">99.1</font></a><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;Management's Presentation, Conference Call Remarks - 2nd Quarter Fiscal 2019 (May 7, 2019)</font></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:91.796875%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:48%;"></td><td style="width:6%;"></td><td style="width:30%;"></td><td style="width:16%;"></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; May 7, 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:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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 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="s5BC8E47BCF2D1F18A5BF4A8F171FCA11"></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;"><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;">Second 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;">May 7, 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;">second 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;">March&#160;31, 2019</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;">second 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;"><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.</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;">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;"><br></font></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;">A replay of this morning&#8217;s call will be available for 30 days at 1-800-469-5420.  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="s1DBCF56C58CA6704E8F04A8F191EB26E"></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;">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;">second quarter</font><font style="font-family:inherit;font-size:10pt;">&#32;</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">of 2019.  Before we review our financial performance, I would like to take a moment to talk about the tragedy which occurred at our Henry Pratt facility in Aurora, Illinois.</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;">For our company, February 15th of this year will forever be remembered for this senseless tragedy.  We lost many Mueller family members that day.  Our hearts continue to be with the victims and their </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;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">loved ones, the first responders and the Aurora community.  The Mueller family continues to be strong and resilient, as team members come together to support and comfort one another in the face of this tragedy.  </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 are incredibly grateful for the outpouring of support and encouragement we have received from the Aurora community and our colleagues and friends across the country.  We partnered with the National Compassion Fund to provide direct financial support to the families of our colleagues that were lost and the employees that were impacted by this heartbreaking event.  This fund makes it simple for anyone looking to support the families and affected Henry Pratt employees as they begin on their path to healing.</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;">What we&#8217;ve seen in the wake of this tragedy, from our Pratt team members and from employees around the globe, is the embodiment of the values of the Mueller family.  From an operations standpoint, our Pratt family of employees has continued to support each other while also focusing on the needs of our customers, who have been incredibly supportive as well.  After a few weeks, the facility was fully operational.  </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;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Although the event caused shipment delays along with other impacts, team members throughout the organization responded with incredible speed and compassion.  I am very proud of the team and their commitment to each other.</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 to our financial performance during the quarter.  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 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, our second quarter performance was below expectations as we faced many challenges from slower than anticipated residential construction and severe weather, as well as the impact of the Aurora tragedy.  As a reminder, in the second quarter of last year, our net sales increased 16.8 percent which was our strongest quarter of net sales growth last year.  </font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><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;">In the quarter, we generated a slight increase in net sales as the benefit from our recent acquisition of Krausz Industries helped offset lower volumes at both Infrastructure and Technologies.  We also continued to realize improved pricing at Infrastructure which more than </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></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;">covered inflationary costs.  Our adjusted EBITDA increased </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">5.4 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the quarter driven by improvements in both Infrastructure and Technologies, in addition to lower corporate G&amp;A.</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;">Despite the challenges this quarter, our year-to-date net sales and adjusted EBITDA increased 3.7 percent and 11.1 percent, respectively.  We believe our end markets remain healthy, driven by steady growth in the municipal markets with the residential construction market returning to growth in the second half of the year.  In conjunction with improving execution by our teams, we expect to increase net sales and adjusted EBITDA in the second half of the year.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><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;">6</font></div></div><hr style="page-break-after:always"><div><a name="s4BECCBE27D0076088CA54A8F1B20FA67"></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.  First, I would like to thank everyone for your support and encouragement after the Aurora tragedy.  We are grateful for all your generosity and thoughtfulness.</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 will discuss our </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">second quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;consolidated financial results and then review our segment performance.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Consolidated net sales for the </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;">second 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;">$800,000</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$234 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, driven by the acquisition of Krausz Industries and higher pricing at Infrastructure, partially offset by lower volumes at both Infrastructure and Technologies.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Our gross profit margin improved slightly versus the prior year, despite the decrease in volumes, as higher pricing more than offset higher material costs, freight and other expenses.  Material costs increased approximately 3 percent year-over-year in the quarter.  Additionally, cost of goods sold included a $2.2 million inventory step-up </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;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">amortization expense associated with the acquisition of Krausz Industries.  Excluding this impact, our gross profit this quarter would have been $77.0 million with a 32.9 percent gross margin which is a 100 basis points improvement over the prior year.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Selling, general and administrative expenses were </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$45.7 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the quarter, a </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$3 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;increase over the prior year.  The increase was primarily due to the addition of Krausz Industries.  SG&amp;A as a percent of net sales was 19.5 percent in the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">second quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;as compared with </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">18.3 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the prior year.</font></div><div style="line-height:232%;text-align:left;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 </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">decreased</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;">$500,000</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$31.3 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;">second quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  Operating performance at Technologies improved this quarter and helped offset a decrease in adjusted operating income at Infrastructure.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Adjusted EBITDA for the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">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;">second 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;">$2.3 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;">5.4 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;">$44.7 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  Over the last twelve months, adjusted EBITDA was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$187.6 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;">20.1 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;of net sales.  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;">have increased adjusted EBITDA $14.7 million, or 8.5 percent, over the prior twelve month period.</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:96px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">During the second quarter, we recorded </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$6.9 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;of strategic reorganization and other charges, including $4.3 million of one-time expenses related to the Aurora tragedy and $1.1 million to exit a multi-employer pension plan.</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;">second quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, we reported net income tax expense of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$3.9 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;">26.4 percent</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;of income before tax.  In the second quarter of the prior year, we recorded a $7.5 million provisional one-time expense 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 was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$0.12</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;for the quarter, the same as the prior year quarter.  Our 2019 quarterly adjusted EPS excludes the strategic reorganization and other charges mentioned </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 Book,sans-serif;font-size:16pt;">earlier, the inventory step-up amortization associated with the acquisition of Krausz Industries, $1.0 million in expenses related to exiting legacy pension plans, and $500,000 of interest expense associated with the Walter Tax 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 style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Turning now to segment performance, starting with Infrastructure.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Medium,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Infrastructure net sales </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;">$3 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;">1.4 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;">$214.1 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;">second quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, due to the acquisition of Krausz Industries and higher pricing, partially offset by lower volumes.  The decrease in volumes was driven by challenges from lower residential construction and severe weather, as well as the impact of delayed shipments resulting from the Aurora facility being closed for about two weeks after the tragedy.</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;">second 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;">decreased</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;">$1.6 million</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;">$43.4 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, primarily due to lower shipment volumes and higher costs associated with inflation, partially offset by 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><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;">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;">second 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;">$300,000</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;to </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$54.8 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;">25.6 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;">decreased</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;">$2.2 million</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;">$19.9 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in the quarter, driven by lower volumes at Echologics, which were partially offset by sales growth at Metrology.  The decrease in volumes at Echologics is related to the timing of orders for EchoShore-DX nodes from a couple of large customers.</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;">We are encouraged by the progress Technologies has made this year.  Our adjusted operating performance improved approximately </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$300,000</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;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;">second quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;to a loss of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$3.6 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, primarily due to improved manufacturing performance and lower SG&amp;A expenses, partially offset by lower volumes.  In addition, Technologies' adjusted EBITDA improved $700,000 in the 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><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;">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 used in operating activities for the current year to date was </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$29.1 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, primarily due to the timing of collections, planned inventory production spending and $</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">14.9 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in income tax payments during the period.  We also invested </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$30.5 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;in capital expenditures in the period as compared with </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$14.4 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#32;last year as we accelerated investments in our manufacturing capabilities, particularly our large casting foundry in Chattanooga.</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;">At March 2019, we had total debt of </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">$445.7 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;">$134.3 million</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">.  At the end of the </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">second quarter</font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">, our net debt leverage ratio was 1.7 times.</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">I'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><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><a name="s04483BA43EDBC84552DE4A8F1D40E932"></a></div><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;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 remain focused on executing our key strategies to grow and enhance our business by accelerating new product development, driving operational excellence, and delivering 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;">Despite the challenges in the second quarter, we are making progress on our sales strategies, with improved price realization more than offsetting inflation in the quarter.  After implementing our latest price increases, we believe that we are close to covering the cumulative impact of material cost inflation, which started in 2017.  We expect that improvements in our conversion margin will come from higher sales growth and productivity initiatives, in addition to continued price realization.  We have implemented initiatives we believe will enhance our </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;">operational execution and drive cost savings, and can help fund future investments and margin expansion.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">We have a balanced capital allocation strategy, focused on enhancing our position as a water infrastructure company and adding long-term value for our shareholders.  Supported by a strong balance sheet, we will continue to balance our cash flow among strategic investments to strengthen and grow the business, while returning a portion of our cash to shareholders.  We continue to prioritize reinvestment in our business through capital expenditures to help support our strategic growth initiatives as well as to keep our facilities poised for manufacturing improvements.</font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">In addition, we are refocused on enhancing organic growth through strategic acquisitions, and will look for opportunities to expand our product portfolio, extend our reach into adjacent channels and broaden our geographic footprint.  We continue to make progress with the integration of Krausz Industries.  I am very encouraged by 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;">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;">collaboration among the teams and opportunities ahead of us with Krausz as well as with future acquisitions.</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 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;">We are adjusting our annual guidance expectations for fiscal 2019 to reflect our second quarter performance and what we believe is a temporary slowdown in residential construction in 2019. </font></div><div style="line-height:232%;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><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 the second half of fiscal 2019, we anticipate growth in all of our end markets.  This includes residential construction returning to growth in the second half of the year.  Overall, we remain positive on the residential portion of our business given the macroeconomic drivers including favorable demographics, job growth, interest rates and low housing supply.</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;</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 believe the municipal market remains healthy, despite severe weather impacting construction days in many regions in the U.S. during </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%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">our second quarter, and we expect municipal spending to grow in the mid-single digit range in the second half of the year.  As a result, we anticipate that our consolidated net sales will grow between 7 and 9 percent in 2019, and we will increase adjusted EBITDA between 12 and 15 percent.</font></div><div style="line-height:232%;text-align:left;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;"><br></font></div><div style="line-height:232%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">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><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><a name="s1AD602599AEC6CBF95534A8F1F456A52"></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%;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 $53 and $56 million, which includes the amortization of intangibles related to the acquisition of Krausz.  Corporate SG&amp;A expenses are expected to be between $34 and $36 million.  Net interest expense is expected to be between $23 and $24 million.  Our effective income tax rate for the full year is expected to be between 25 and 27 percent.  Finally, we currently expect capital expenditures to be between $60 and $65 million, and we continue to evaluate additional investment opportunities. </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;">With that, Operator, please open the call for questions.</font></div><div><br></div><div><div style="line-height:232%;text-align:right;text-indent:48px;font-size:16pt;"><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">Page: </font><font style="font-family:Franklin Gothic Book,sans-serif;font-size:16pt;">17</font></div></div>	</body>
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