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 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.
Mueller Systems has partnered with Pace Water System to initiate a pilot program in Santa Rosa County, Florida, aiming to enhance water meter management through mobile technology. The program will serve 350 customers and is set for completion by the end of March 2022. Customers will benefit from real-time water usage monitoring and remote control capabilities, including shutting off water in emergencies. This initiative utilizes Mueller’s Sentryx API and aims to improve customer engagement and satisfaction among Pace's 18,000 customers.
Mueller Water Products (NYSE: MWA) will present at the Gabelli 32nd Annual Pump, Valve & Water Systems Symposium on February 24, 2022, at 10:00 a.m. ET. The presentation will be available on the company’s Investor Relations website for 90 days. Mueller is a leading provider of water transmission, distribution, and measurement products in North America, focusing on engineered valves, fire hydrants, leak detection, and more. Their goal is to enhance operational efficiency and customer service for municipalities.
Mueller Water Products reported a strong fiscal Q1 2022, with net sales increasing by 14.7% to $272.3 million, and net income rising to $19.4 million. Adjusted net income per diluted share was $0.13, an 18.2% increase year-over-year. The company generated $19.8 million in net cash from operations and bought back $20 million in stock. Despite challenges from inflation and supply chain issues, Mueller anticipates a 6-10% growth in consolidated net sales and adjusted EBITDA for the full fiscal year.
Mueller Water Products, Inc. (NYSE: MWA) has declared a quarterly dividend of 5.80 cents ($0.058) per share. This dividend is payable on or about February 21, 2022, to stockholders of record as of the close of business on February 10, 2022. The company, a prominent manufacturer of products for water transmission and distribution, highlights its commitment to delivering value to its shareholders while continuing to enhance operational efficiencies for municipalities.
Mueller Water Products, Inc. (NYSE: MWA) will release its first-quarter financial results for the period ending December 31, 2021, on February 3, 2022. Following the release, a conference call is scheduled for February 4, 2022, at 9:00 a.m. ET to discuss the earnings and business outcomes. Investors can access the call via webcast on the company’s Investor Relations website. Mueller Water Products is a prominent manufacturer in North America specializing in water transmission and distribution products, focusing on improving municipal operational efficiencies.
Mueller Water Products reported net sales of $295.6 million for the fourth quarter of fiscal 2021, up 11.4 percent from the previous year’s quarter. Net income for the quarter was $18.4 million, with earnings per diluted share of $0.12. For the full fiscal year, net sales reached $1.1 billion, a rise of 15.2 percent, but net income declined slightly to $70.4 million, with earnings per diluted share at $0.44. The company is optimistic about fiscal 2022, forecasting 4-8 percent growth in net sales.
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