Mueller Water

Mueller Water Products, Inc. engages in the manufacture and sale of products used in the transmission, distribution, and measurement of water. It operates through the Water Flow Solutions and Water Management Solutions segments. The Water Flow Solutions segment includes iron gate valves, specialty valves, and service brass products. The Water Management Solutions segment focuses on fire hydrants, repair and installation, natural gas, metering, leak detection, pressure control, and software products. The company was founded in 1857 and is headquartered in Atlanta, GA.

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Mueller Water Products reports robust Q1 sales growth and eyes strategic investments for future expansion

Mueller Water Products demonstrated strong sales growth in Q1 2023 despite facing challenges in gross margins and operating income. The company's focus on operational improvements, customer-centric strategies, and capital investments positions it well for future growth. Opportunities in M&A, price realization, and revenue growth guidance offer avenues for sustained performance.

Mueller Water reports Q2 growth amidst challenges, eyes infrastructure impact

Mueller Water's Q2 performance showed growth in net sales and gross profit, despite challenges in gross margin and operating income.
The company highlighted ESG initiatives, distributor destocking progress, and expectations for improved performance in the second half of 2023.
Challenges included inflation-related costs, volume issues in Water Flow Solutions, and delays in projects due to automation and resource concerns.
Opportunities lie in federal infrastructure funding impact, backlog normalization, and improvements in the older foundry's performance.
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Mueller Water Products reports mixed Q3 results, eyes growth opportunities

Mueller Water Products reported mixed financial results in Q3 2023, with a decrease in net sales but an increase in gross profit. The company faces challenges from lower volumes but is actively implementing cost-saving measures.
Despite volume concerns, Mueller Water Products showcased strong revenue growth and profit margins in the quarter. The company's focus on new market expansion and the new foundry project presents promising growth opportunities.
Navigating supply chain disruptions and addressing volume declines are key challenges for the company. However, by focusing on cost efficiencies and strategic growth initiatives, Mueller Water Products aims to sustain profitability and drive future growth.

Mueller Water reports resilient performance amidst challenges, eyes infrastructure growth

Mueller Water Products showed resilience in financial performance despite challenges, with a focus on cost savings, strategic investments, and operational enhancements.
The company's confidence in its long-term growth prospects, margin improvements, and ability to navigate challenges underscores a positive outlook for sustainable growth.
While facing near-term sales challenges, Mueller Water is strategically positioned to benefit from infrastructure investments and operational efficiencies in the coming year.

Mueller Water Products reports Q1 earnings, eyes growth opportunities

Mueller Water Products' Q1 2024 performance showed mixed results with sales decline but margin improvement.
The company is strategically positioned to navigate challenges and capitalize on growth opportunities.
Focus on cost reduction, pricing strategies, and operational enhancements to drive future profitability.
Confidence in leveraging strong financial position for potential M&A and industry investments.

Mueller Water (MWA) reports record earnings, eyes growth opportunities

Mueller Water's Q2 2024 earnings call showcased strong performance, with record net sales and significant EBITDA growth, driven by operational improvements and strategic focus.
The company faces challenges in finding suitable M&A targets, managing higher costs, and addressing concerns about gross margin sustainability.
Opportunities lie in sustaining growth in Water Flow Solutions, enhancing margins through cost dynamics, and leveraging the residential construction market's strength.
Overall, Mueller Water remains optimistic about delivering profitable growth, supported by increased guidance and a focus on talent development.

Mueller Water (MWA) posts record Q3 results, raises 2024 guidance

Mueller Water (MWA) delivered impressive financial performance in Q3 2024, driven by strong sales growth and margin improvement
While facing challenges in certain segments, the company's strategic focus on operational enhancements and talent development bodes well for future growth
Management's proactive approach to addressing analyst inquiries and raising guidance reflects confidence in the company's trajectory
With opportunities to capitalize on sales growth, optimize margins, and navigate challenges, Mueller Water is poised for continued success

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Mueller Water Products is well-positioned for growth due to pricing increases, resilient municipal R&R activity and improving new residential construction market. Margins are expected to benefit from price increases, operating leverage, cost reductions, and improved productivity, as well as the ramping up of production in a new foundry. Valuation multiple can re-rate if the company continues to execute well.

Mueller Water Products: Good Growth Prospects And Potential For Re-Rating

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Are You Looking for a Top Momentum Pick? Why Mueller Water Products (MWA) is a Great Choice

A combination of end-to-customer destocking and solid end demand from municipalities contributed to the company's growth in the recent quarter. Management now believes its sales will grow in fiscal 2024 compared to a prior expectation for a decline.

Why Shares in This Water Infrastructure Company Soared This Week

ATLANTA, May 07, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) today announced that its management team will participate in the following upcoming investor conferences in May:

Mueller Water Products to Participate in Upcoming Investor Conferences

Mueller Water Products, Inc. (NYSE:MWA ) Q2 2024 Earnings Conference Call May 7, 2024 10:00 AM ET Company Participants Whit Kincaid - Senior Director, Investor Relations and Corporate Development Marietta Zakas - Chief Executive Officer Steven Heinrichs - Chief Financial Officer and Chief Legal Officer Conference Call Participants Brian Lee - Goldman Sachs Joseph Giordano - TD Cowen Bryan Blair - Oppenheimer Deane Dray - RBC Capital Markets Michael Halloran - Baird Operator Welcome, and thank you for standing by. [Operator Instructions] Today's call is being recorded.

Mueller Water Products, Inc. (MWA) Q2 2024 Earnings Call Transcript

Increased Net Sales 6.2 percent to $353.4 Million Reported Net Income per Diluted Share of $0.28 Achieved Record Adjusted Net Income per Diluted Share of $0.30 Raises Annual Guidance for Net Sales and Adjusted EBITDA Company Also Today Announced Update on Leadership Team and Board Refreshment ATLANTA, May 06, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) announced financial results for its 2024 second quarter ended March 31, 2024. In the second quarter of 2024, the Company: Delivered net sales of $353.4 million, a 6.2 percent increase as compared with $332.9 million in the prior year quarter Reported operating income of $63.5 million as compared with $32.9 million in the prior year quarter and increased adjusted operating income 98.5 percent to $66.7 million as compared with $33.6 million in the prior year quarter Reported operating margin of 18.0 percent as compared with 9.9 percent in the prior year quarter and increased adjusted operating margin to 18.9 percent as compared with 10.1 percent in the prior year quarter Reported net income of $44.3 million as compared with $21.3 million in the prior year quarter, with net income margin of 12.5 percent as compared with 6.4 percent in the prior year quarter, and increased adjusted net income 112.4 percent to $46.3 million as compared with $21.8 million in the prior year quarter Reported net income per diluted share of $0.28 as compared with $0.14 in the prior year quarter and increased adjusted net income per diluted share 114.3 percent to $0.30 as compared with $0.14 in the prior year quarter Increased adjusted EBITDA 70.9 percent to $82.2 million as compared with $48.1 million in the prior year quarter and improved adjusted EBITDA margin to 23.3 percent as compared with 14.4 percent in the prior year quarter Increased net cash provided by operating activities for the six-month period by $84.4 million to $62.2 million as compared with net cash used in operating activities of $22.2 million in the prior year period and increased free cash flow for the six-month period by $89.1 million to $46.4 million as compared with $(42.7) million in the prior year period Repurchased $10.0 million of common stock “We had a fantastic second quarter reflecting the progress our teams have made executing our operational and commercial initiatives to deliver long-term sustainable growth.

Mueller Water Products Reports 2024 Second Quarter Results

Appoints Marietta Edmunds Zakas as Chief Executive Officer Promotes Current Chief Operating Officer Paul McAndrew to President Welcomes Brian Healy and Christian Garcia to the Board of Directors ATLANTA, May 06, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) (“Mueller” or the “Company”) today announced that Marietta (“Martie”) Edmunds Zakas has been appointed Chief Executive Officer. Ms. Zakas has served as the Company's CEO and President since August 2023 and previously served as Chief Financial Officer.

Mueller Water Products Provides Update on Leadership Team and Board Refreshment

Mueller Water Products (MWA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Mueller Water Products (MWA) Earnings Expected to Grow: Should You Buy?

ATLANTA, April 24, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) plans to release financial results for its second quarter ended March 31, 2024, after U.S. markets close on Monday, May 6, 2024. On Tuesday, May 7, 2024, at 10:00 a.m. ET, the Company will hold a conference call to discuss earnings and business results. Interested parties are invited to listen via webcast available on the Investor Relations section of the Company's website www.muellerwaterproducts.com . An archive of the webcast will be available for approximately 90 days following the call.

Mueller Water Products Announces Dates for Second Quarter 2024 Earnings Release and Conference Call

Mueller Water Products (MWA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Mueller Water Products (MWA) a New Buy Stock

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ATLANTA, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) will participate in the Gabelli Funds 34th Annual Pump, Valve & Water Systems Symposium in New York on Thursday, February 22, 2024. Mueller Water Products is scheduled to present at 10:30 a.m. Eastern Time. The presentation will be webcast on the Investor Relations section of the Company's website www.muellerwaterproducts.com and will be available for 90 days.

Mueller Water Products to Participate in the Gabelli Funds 34th Annual Pump, Valve & Water Systems Symposium

Mueller Water Products, Inc. (MWA) Q1 2024 Earnings Call Transcript

Mueller Water Products (MWA) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.13 per share a year ago.

Mueller Water Products (MWA) Beats Q1 Earnings and Revenue Estimates

Achieved Net Sales of $256.4 Million Reported Net Income per Diluted Share of $0.09 Earned Adjusted Net Income per Diluted Share of $0.13 ATLANTA, Feb. 08, 2024 (GLOBE NEWSWIRE) --  Mueller Water Products, Inc. (NYSE: MWA) announced financial results for its fiscal 2024 first quarter ended December 31, 2023. In the first quarter of 2024, the Company: Achieved net sales of $256.4 million, an 18.6 percent decrease as compared with $314.8 million in the prior year quarter Reported operating income of $22.8 million as compared with $34.0 million in the prior year quarter and generated adjusted operating income of $29.4 million as compared with $30.3 million in the prior year quarter Reported operating margin of 8.9 percent as compared with 10.8 percent in the prior year quarter and increased adjusted operating margin to 11.5 percent as compared with 9.6 percent in the prior year quarter Reported net income of $14.3 million as compared with $22.5 million in the prior year quarter and generated adjusted net income of $19.9 million as compared with $19.7 million in the prior year quarter Reported net income per diluted share of $0.09 as compared with $0.14 in the prior year quarter and generated adjusted net income per diluted share of $0.13 as compared with $0.13 in the prior year quarter Increased adjusted EBITDA 1.4 percent to $44.8 million as compared with $44.2 million in the prior year quarter and improved adjusted EBITDA margin to 17.5 percent as compared with 14.0 percent in the prior year quarter Increased net cash provided by operating activities for the quarter by $74.4 million to $67.9 million as compared with net cash used in operating activities of $6.5 million in the prior year quarter and increased free cash flow by $78.6 million to $62.2 million as compared with $(16.4) million in the prior year quarter “I am proud of the work our team has done to deliver outstanding customer service and drive efficiencies within our operations and supply chain, while working tirelessly to address the October 2023 cybersecurity incident.

Mueller Water Products Reports 2024 First Quarter Results

Mueller Water is a small-cap water stock with strong competitive advantages, poised to capitalize on the pent-up demand for water infrastructure upgrades driven by decades of underinvestment in this sector. The company is facing temporary manufacturing challenges associated with ongoing investment initiatives, which is obscuring its underlying profitability potential. Prior to undergoing operational upgrades, Mueller Water enjoyed margins of 20%. However, current manufacturing disruptions have temporarily reduced margins to 15%.

Mueller Water: Margins Poised For Rebound As Manufacturing Challenges Fade

ATLANTA, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) plans to release financial results for its first quarter ended December 31, 2023, after U.S. markets close on Thursday, February 8, 2024. On Friday, February 9, 2024, at 10:00 a.m. ET, the Company will hold a conference call to discuss earnings and business results. Interested parties are invited to listen via webcast available on the Investor Relations section of the Company's website www.muellerwaterproducts.com . An archive of the webcast will be available for approximately 90 days following the call.

Mueller Water Products Announces Dates for First Quarter 2024 Earnings Release and Conference Call

ATLANTA, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) today announced that its Board of Directors has nominated Brian Healy to join the Company's Board, along with other Board nominees, for election at the Company's Annual Meeting of Stockholders on February 28, 2024. With the appointment of Mr. Healy to the Board, the Board would be comprised of 10 directors, nine of whom are independent.

Mueller Water Products Nominates Brian Healy to Join its Board of Directors

Mueller Water Products (MWA) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.10 per share a year ago.

Mueller Water Products (MWA) Tops Q4 Earnings and Revenue Estimates

Achieved Net Sales of $301.4 Million in Quarter, $1.3 Billion in Fiscal Year Earned Net Income per Diluted Share of $0.11 in Quarter, $0.55 in Fiscal Year Reported Adjusted Net Income per Diluted Share of $0.19 in Quarter, $0.63 in Fiscal Year

Mueller Water Products Reports 2023 Fourth Quarter and Fiscal Year Results

ATLANTA, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) plans to release financial results for its fourth quarter and full year ended September 30, 2023, after U.S. markets close on Wednesday, December 13, 2023. On Thursday, December 14, 2023, at 10:00 a.m. ET, the Company will hold a conference call to discuss earnings and business results. Interested parties are invited to listen via webcast available on the Investor Relations section of the Company's website www.muellerwaterproducts.com . An archive of the webcast will be available for approximately 90 days following the call.

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