Mueller Water Products, Inc. (MWA) Reports In-Line Q1 EPS, Beats on Revenues

Mueller Water Products, Inc. (NYSE: MWA) reported Q1 EPS of $0.06, in-line with the analyst estimate of $0.06. Revenue for the quarter came in at $178.3 million versus the consensus estimate of $176.13 million.

In the 2018 first quarter, the Company:

• Increased net sales $11.1 million, or 6.6 percent, to $178.3 million, as compared with $167.2 million in the prior year quarter.
• Improved operating income 45.8 percent to $20.7 million, as compared with $14.2 million in the prior year quarter. Adjusted operating income was $15.6 million in the quarter and $15.5 million in the prior year quarter.
• Increased income from continuing operations to $55.1 million from $5.4 million in the prior year quarter, and increased adjusted net income 39.7 percent to $8.8 million, as compared with $6.3 million in the prior year quarter.
• Sold an idle property for a gain of $9.0 million and incurred other charges of $3.9 million, which were primarily related to its previously announced strategic reorganization.
• Generated net income per diluted share of $0.34 and adjusted net income per diluted share of $0.06, as compared with both net income per diluted share and adjusted net income per diluted share of $0.04 in the prior year quarter.

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

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