Welcome to our dedicated page for Mueller Water Products news (Ticker: MWA), a resource for investors and traders seeking the latest updates and insights on Mueller Water Products stock.
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 (NYSE: MWA) has announced its participation in the upcoming Raymond James Industrial and Energy Showcase. The virtual event is scheduled for August 8, 2024. During the showcase, the company's management team will be hosting investor meetings. This presents an opportunity for investors to engage directly with Mueller Water Products' leadership.
Interested parties can access the company's presentation materials on the Investor Relations section of Mueller Water Products' official website at www.muellerwaterproducts.com. This virtual showcase allows the company to connect with investors and share insights about their operations, strategies, and market position in the water infrastructure industry.
Mueller Water Products (NYSE: MWA) reported strong Q3 2024 results, with net sales increasing 9.2% to $356.7 million. The company achieved record adjusted net income per diluted share of $0.32, up 77.8% year-over-year. Adjusted EBITDA rose 56.6% to $85.2 million, with margin improving to 23.9%. Key highlights include:
- Operating income increased 88.2% to $67.0 million
- Net income grew 93.1% to $47.3 million
- Free cash flow for the nine-month period improved by $101.4 million to $121.5 million
Based on strong performance, Mueller Water Products raised its fiscal 2024 guidance for net sales and adjusted EBITDA. The company expects to benefit from investments in aging water infrastructure and federal infrastructure spending.
Mueller Water Products (NYSE: MWA) has announced a quarterly dividend of 6.40 cents ($0.064) per share. The dividend will be payable on or about August 20, 2024, to stockholders of record as of the close of business on August 9, 2024. This announcement demonstrates the company's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite potential economic uncertainties.
Mueller Water Products (NYSE: MWA) has announced the dates for its third quarter 2024 earnings release and conference call. The company will release its financial results for the quarter ended June 30, 2024, after U.S. markets close on Monday, August 5, 2024. A conference call to discuss the earnings and business results is scheduled for Tuesday, August 6, 2024, at 10:00 a.m. ET.
Interested parties can listen to the webcast on the Investor Relations section of the company's website. An archive of the webcast will be available for approximately 90 days following the call.
Mueller Water Products, Inc. (NYSE: MWA) will participate in investor conferences in May, including Oppenheimer 19th Annual Industrial Growth Conference on May 8, 2024, and TD Cowen 2nd Annual Sustainability Week on May 23, 2024. The company's management team will host meetings and present at these events, with the presentation on May 8 being webcast on the Investor Relations section of the company's website.
Mueller Water Products, Inc. reported a 6.2% increase in net sales to $353.4 million for the second quarter of 2024. The company achieved record adjusted net income per diluted share of $0.30 and raised its annual guidance for net sales and adjusted EBITDA. Additionally, there was an update on the leadership team and board refreshment. The CEO expressed confidence in the company's ability to continue its progress despite external uncertainties.
Mueller Water Products, Inc. announced the appointment of Marietta Edmunds Zakas as Chief Executive Officer and the promotion of Paul McAndrew to President. The Company also welcomed Brian Healy and Christian Garcia to the Board of Directors. These leadership changes reflect a strategic move to enhance operational excellence and drive growth. With a focus on long-term sustainable growth, Mueller continues to strengthen its position in the water infrastructure industry.
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