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 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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