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Mueller Water Products, Inc. (NYSE: MWA) is a prominent U.S.-based manufacturer and marketer specializing in products and services for the transmission, distribution, and measurement of water. Operating through its two key segments, Water Flow Solutions and Water Management Solutions, the company offers an extensive portfolio that includes engineered valves, fire hydrants, metering systems, leak detection, and pipe condition assessment tools.
In the Water Flow Solutions segment, Mueller provides iron gate valves, specialty valves, and service brass products. This segment is pivotal to municipalities as it helps in optimizing water flow and operational efficiencies. The Water Management Solutions segment covers products like fire hydrants, repair and installation services, metering, leak detection, and pressure management solutions. This holistic approach to water management ensures municipalities can improve customer service and prioritize capital spending.
Mueller Water Products is a leader in North America's water infrastructure market. The company’s innovative solutions enable municipalities to enhance operational efficiencies and make informed capital spending decisions, epitomizing the company motto, “Where Intelligence Meets Infrastructure™”.
Financially, Mueller has demonstrated resilience and growth, with recent fiscal reports showing an improved balance sheet and liquidity. The company has also increased its quarterly dividends multiple times since 2014, showing a commitment to delivering value to shareholders. Despite facing a cybersecurity incident that disrupted some operations, Mueller has been diligent in its recovery efforts, working with leading cybersecurity specialists to mitigate the impact.
Recent news highlights Mueller's ongoing efforts to restore normal operations following the cybersecurity event and successful financial performance in the recent quarters. The company finished fiscal 2023 with strong net sales and adjusted EBITDA that exceeded expectations. They continue to focus on operational improvements, capital investments in key facilities, and maintaining a robust financial position to support future growth.
Mueller Water Products, Inc. (NYSE: MWA), a leading manufacturer and marketer of water transmission, distribution, and measurement products in North America, has announced its management team will participate in the Gabelli 35th Annual Pump, Valve & Water Systems Symposium.
The event will take place in New York on Thursday, February 27, 2025. Investors and interested parties can access the presentation materials on the Events and Presentations webpage in the Investor Relations section of Mueller Water Products' official website (www.muellerwaterproducts.com).
This symposium represents an opportunity for the company to showcase its water infrastructure solutions and engage with industry stakeholders.
Mueller Water Products (NYSE: MWA) reported strong fiscal 2025 first quarter results with significant growth across key metrics. Net sales increased 18.7% to $304.3 million, while net income surged 146.9% to $35.3 million compared to the prior year quarter.
The company demonstrated substantial margin improvements, with operating margin rising to 15.6% from 8.9% and adjusted EBITDA margin increasing to 20.9% from 17.5%. Earnings per diluted share reached $0.22, up from $0.09 in the prior year quarter.
Based on strong Q1 performance and expected benefits from recent price actions, Mueller has raised its fiscal 2025 guidance, projecting net sales between $1,370-1,390 million (4.2-5.7% growth) and adjusted EBITDA between $310-315 million (8.9-10.6% growth). The company maintains a strong financial position with $338.2 million in cash and a net debt leverage ratio of 0.4 times.
Mueller Water Products (NYSE: MWA) has announced it will release its first quarter financial results for the period ended December 31, 2024, after U.S. markets close on Tuesday, February 4, 2025. The company will host a conference call to discuss the results on Wednesday, February 5, 2025, at 9:30 a.m. ET. Investors can access the webcast through the company's Investor Relations website section, with the recording remaining available for approximately 90 days after the call.
Mueller Water Products (NYSE: MWA) has announced its Board of Directors' declaration of a quarterly dividend of $0.067 per share. The dividend will be payable on or about February 21, 2025, to stockholders of record as of the close of business on February 10, 2025.
Mueller Water Products (NYSE: MWA) has appointed Melissa Rasmussen as Senior Vice President and Chief Financial Officer, effective March 4, 2025. Rasmussen brings over 25 years of financial experience, most recently serving as CFO of National Vision. She previously held the position of Chief Accounting Officer at National Vision and spent over 20 years at Lexmark International, ultimately serving as Global Corporate Controller.
Rasmussen's expertise spans mergers and acquisitions, capital market transactions, financial planning, international operations, investor relations, and systems implementation. She holds a BS in Accounting from the University of Kentucky and is a CPA. She will replace Steve Heinrichs, who will remain as a consultant until September 30, 2025, to ensure a smooth transition.
Mueller Water Products (NYSE: MWA) has announced changes to its Board of Directors as part of its refreshment plan. The company has nominated Bentina Chisolm Terry and Leland Weaver for election at the Annual Meeting of Stockholders on February 6, 2025. Two long-tenured directors, Dr. Lydia Thomas and Ms. Shirley Franklin, will retire at the meeting.
Following the Annual Meeting, the Board will consist of nine directors, with eight being independent and eight having been elected in the last six years. The new Board slate includes Christian A. Garcia, Thomas J. Hansen, Brian C. Healy, Christine Ortiz, Jeffery S. Sharritts, Bentina Chisolm Terry, Stephen C. Van Arsdell, Leland G. Weaver, and Marietta Edmunds Zakas.
Mueller Water Products (NYSE: MWA) announced its participation in the Baird 2024 Global Industrial Conference scheduled for November 12, 2024, in Chicago. The company's management team will be present at the event, and the presentation materials will be accessible to investors through the Events and Presentations section of Mueller Water Products' official website under Investor Relations.
Mueller Water Products (NYSE: MWA) reported strong Q4 and fiscal year 2024 results, with Q4 net sales increasing 15.5% to $348.2 million and full-year sales rising 3.1% to $1.3 billion. Q4 adjusted EBITDA grew 30.9% to $72.5 million with improved margin of 20.8%. Full-year net income reached $115.9 million with EPS of $0.74. The company generated record free cash flow of $191.4 million, up $130 million year-over-year. For fiscal 2025, Mueller expects net sales growth of 1.9-3.4% to $1.34-1.36 billion and adjusted EBITDA of $300-305 million.
Mueller Water Products (NYSE: MWA) has scheduled its fourth quarter and full year 2024 financial results release for Wednesday, November 6, 2024, after U.S. markets close. The company will host a conference call to discuss the results on Thursday, November 7, 2024, at 10:00 a.m. ET. A webcast will be available on the company's Investor Relations website, with an archive accessible for approximately 90 days after the call.
Mueller Water Products (NYSE: MWA) announced a 4.7% increase in its quarterly dividend, raising it to $0.067 per share from $0.064. The dividend will be payable on November 20, 2024, to stockholders of record as of November 8, 2024. This increase demonstrates the company's commitment to delivering shareholder value.
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