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) reported a 7.3% increase in net sales for Q3 2022, totaling $333.2 million, up from $310.5 million year-on-year.
Net income surged 84% to $26.5 million, or $0.17 per diluted share, compared to $14.4 million in the previous quarter.
Despite operational challenges, including supply chain disruptions and inflation, the company anticipates double-digit sales growth for the year and plans to improve manufacturing performance.
Mueller Water Products (NYSE: MWA) has declared a quarterly dividend of $0.058 per share, payable on August 22, 2022, to stockholders of record as of August 10, 2022. This announcement underscores the company's commitment to returning value to shareholders while providing a range of essential products and services for water transmission and distribution in North America. Mueller Water Products aims to enhance operational efficiencies for municipalities through its extensive offerings.
Mueller Water Products, Inc. (NYSE: MWA) will release its third-quarter financial results for the period ending June 30, 2022, on August 4, 2022, post-market close. A conference call to discuss these results will take place on August 5, 2022, at 9:00 a.m. ET. Stakeholders can access the call via a webcast on the company's website, with an archive available for 90 days post-event. Mueller is a leading manufacturer of water transmission and distribution products in North America, focusing on enhancing operational efficiencies for municipalities.
Mueller Systems has launched the Mueller Cellular Node, a new addition to its Mi.Net® Advanced Meter Infrastructure (AMI) system. This Network-as-a-Service (NaaS) solution enhances water network agility, enabling utilities to connect meters easily using existing cellular infrastructure, thus eliminating maintenance needs. The Cellular Node communicates with existing water meters and provides near real-time data to the Sentryx™ Water Intelligence Platform, improving insight into the health of distribution systems. It complements other NaaS solutions in Mueller's portfolio.
Mueller has launched the HYMAX® Pro dedicated size coupling for the North American market, designed for new construction in water, wastewater, irrigation, and industrial sectors. The couplings range from 4” to 24” and feature a two-bolt, stab-fit construction for easier installation. They meet the AWWA C219, NSF 61, and NSF 372 standards for drinking water. The product includes corrosion-resistant materials and comes with a two-year warranty, extendable to five years when registered via the HYMAX app.
Mueller Water Products, Inc. (NYSE: MWA) will present at the Oppenheimer 17th Annual Industrial Growth Conference on May 4, 2022, at 10:30 a.m. ET. This event will be hosted virtually, and the presentation can be accessed via the Investor Relations section of the company’s website, remaining available for 90 days. Mueller specializes in products and services for water transmission, distribution, and measurement in North America, helping municipalities enhance operational efficiency and customer service.
Mueller Water Products reported a 16.1% increase in net sales, reaching $310.5 million for Q2 fiscal 2022, compared to $267.5 million in Q2 2021. Net income rose 12.9% to $23.6 million, with adjusted net income up 8.6% to $24.1 million. The company faced challenges from inflation and supply chain issues but managed to raise its annual net sales growth guidance to 10-12%. Adjusted EBITDA slightly decreased to $50.6 million. CEO Scott Hall highlighted strong demand across sectors and ongoing efforts to mitigate operational challenges.
Mueller Water Products (NYSE: MWA) announced a quarterly dividend of $0.058 per share, payable on or about May 20, 2022, to shareholders on record by May 10, 2022. The company, a leader in water transmission and distribution products in North America, continues to focus on enhancing municipal operational efficiencies and improving customer service. Mueller's product portfolio includes engineered valves, fire hydrants, and software technology aimed at optimizing water system management.
Mueller Water Products, Inc. (NYSE: MWA) will announce its financial results for the second quarter ending March 31, 2022, after market close on May 2, 2022. A conference call is scheduled for May 3, 2022, at 9:00 a.m. ET to discuss the earnings and business developments. The call will be accessible via a webcast on the company's Investor Relations website, where an archived version will be available for up to 90 days. Mueller Water Products is a leading provider of products and services for water systems in North America.
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