Mueller Water Products, Inc. (MWA) Reports In-Line Q4 EPS

Mueller Water Products, Inc. (NYSE: MWA) reported Q4 EPS of $0.17, in-line with the analyst estimate of $0.17. Revenue for the quarter came in at $254.3 million versus the consensus estimate of $239.8 million.

2019 Business Outlook

The Company’s following full year 2019 expectations reflect the current business environment, and exclude the impact from the pending acquisition of Krausz Industries Ltd., which we anticipate closing in December 2018.

• Healthy demand in all end markets with municipal spending growth in the low to mid-single digit range, residential construction growth in the mid-single digit range and natural gas distribution growth in the mid to high-single digit range.
• Organic consolidated net sales growth between 4 and 6 percent supported by increased volume growth and higher pricing.
• Based on the current outlook for product mix and inflation, adjusted operating income growth between 7 and 9 percent from $137.3 million of adjusted operating income in 2018.
• Corporate SG&A expenses between $35 million and $37 million.
• Net interest expense between $20 million and $21 million.
• Effective income tax rate between 25% and 27%.
• Depreciation and amortization between $50 million and $53 million, and capital expenditures between $56 million and $60 million.

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

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