Mueller Water Products, Inc. (MWA) Tops Q2 EPS by 1c

Mueller Water Products, Inc. (NYSE: MWA) reported Q2 EPS of $0.10, $0.01 better than the analyst estimate of $0.09. Revenue for the quarter came in at $283.6 million versus the consensus estimate of $291.9 million.

“We were very pleased with the second quarter's results, which, overall, came in about as expected," said Gregory E. Hyland, chairman, president and chief executive officer of Mueller Water Products. "Our adjusted operating income increased 14.8 percent, despite slightly lower net sales.

"We believe Mueller Co.'s end markets remain solid, as demand for its core products continued to grow. The increased shipment volumes coupled with better operating efficiencies and lower costs led to a 9.0 percent increase in adjusted operating income and a 110 basis point improvement in adjusted operating margin. Mueller Co.'s adjusted EBITDA margin in the second quarter was 24.1 percent, and on a trailing 12 month basis, it was 26.6 percent."

For earnings history and earnings-related data on Mueller Water Products, Inc. (MWA) click here.

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