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 a quarterly dividend of 6.10 cents ($0.061) per share, set to be paid on May 22, 2023. Stockholders must be on record by the close of business on May 10, 2023. As a leading manufacturer in the water infrastructure industry in North America, Mueller provides a diverse range of products and services that enhance operational efficiency for municipalities. This dividend declaration reflects the company’s commitment to returning value to its shareholders while supporting water system management.
Mueller Water Products, Inc. (NYSE: MWA) is set to participate in the Gabelli Funds 33rd Annual Pump, Valve & Water Systems Symposium on February 23, 2023, at 11:00 a.m. Eastern Time. The event will take place in New York, and the presentation will be accessible via webcast on the company's Investor Relations website for 90 days after the event.
As a leading manufacturer in the water industry, Mueller provides solutions for the transmission, distribution, and measurement of water across North America, enhancing operational efficiency and customer service.
Mueller Water Products reported a 15.6% increase in net sales for Q1 2023, reaching $314.8 million, up from $272.3 million in Q1 2022. Net income rose to $22.5 million, translating to $0.14 per diluted share. Adjusted operating income decreased to $30.3 million, with an adjusted operating margin of 9.6%, down from 11.5% in the prior year. Adjusted EBITDA was $44.2 million, down 6.9% compared to the previous year. The company anticipates a 6-8% growth in consolidated net sales for 2023 and projects improved free cash flow, with expectations for a robust municipal repair market despite challenges in residential construction.
Mueller Water Products, Inc. (NYSE: MWA) has declared a quarterly dividend of $0.061 per share. This dividend is payable on February 21, 2023, to shareholders recorded by the close of business on February 10, 2023. The company specializes in manufacturing products and services for water transmission and distribution in North America, offering a range of solutions such as valves, hydrants, and metering products. Mueller Water Products emphasizes operational efficiency and customer service enhancement for municipalities.
Mueller Water Products (NYSE: MWA) will announce its financial results for the first quarter ending December 31, 2022, on February 2, 2023. The announcement will be made after U.S. markets close. A conference call is scheduled for February 3, 2023, at 10:00 a.m. ET to discuss these results. Interested parties may listen to the call via webcast, which will be available on the company’s Investor Relations website. An archived version of the webcast will be accessible for 90 days post-call. Mueller Water Products is a leading provider of water transmission and distribution solutions in North America.
Echologics has launched the EchoShore®-DXe, an advanced acoustic leak monitoring sensor designed to enhance leak detection in water distribution systems. This valve-based sensor works alongside existing hydrant-based sensors, providing utilities with comprehensive coverage for monitoring leaks. It utilizes the Sentryx™ Water Intelligence platform for improved leak alerts and accurate location detection, helping to reduce water loss and mitigate environmental impacts. The sensors boast a battery life of up to 10 years and support LTE Cat-M1 and NB-IoT communications.
Mueller Water Products reported net sales of $331.4 million for Q4 2022, up 12.1% year-over-year. Net income was $7.1 million or $0.05 per diluted share. For the fiscal year, net sales totaled $1.2 billion, a 12.3% increase from the previous year, with net income rising to $76.6 million or $0.48 per diluted share. Despite sales growth, operating income decreased significantly due to higher costs and manufacturing inefficiencies. The company expects 6-8% sales growth in 2023 and plans to increase adjusted EBITDA by 10-14%.
Mueller Water Products, Inc. (NYSE: MWA) will attend Baird’s 2022 Global Industrial Conference on November 9, 2022, at The Ritz-Carlton, Chicago, IL. The event will enhance visibility for Mueller’s engineering solutions in water transmission and management. Attendees can access the presentation via the Investor Relations section on www.muellerwaterproducts.com. Mueller is a key manufacturer of products used in water systems across North America, providing critical solutions to municipalities.
Mueller Water Products, Inc. (NYSE: MWA) will release its financial results for the fourth quarter and full year ended September 30, 2022, after market close on November 7, 2022. A conference call will follow on November 8, 2022, at 9:00 a.m. ET to discuss earnings and business results. Investors can listen via webcast on the company's website. Mueller Water Products is a leading manufacturer in water transmission and distribution, offering a wide range of products and services to enhance operational efficiency for municipalities.
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