Mueller Water Products, Inc. (MWA) Misses Q2 EPS by 2c

Mueller Water Products, Inc. (NYSE: MWA) reported Q2 EPS of $0.12, $0.02 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $234 million versus the consensus estimate of $252.07 million.

2019 Business Outlook

The Company’s following full year 2019 expectations reflect the current business environment and include the results expected from the acquisition of Krausz Industries Ltd.

• Growth in all end markets during the second half of 2019 with municipal spending growth in the mid-single digit range, residential construction growth in the low-single digit range and natural gas distribution growth in the mid-single digit range.
• Consolidated net sales growth between 7 and 9 percent with organic sales growth supported by increased volume and higher pricing.
• Based on the current outlook for product mix and inflation, adjusted EBITDA growth between 12 and 15 percent (from $180.0 million of adjusted EBITDA in 2018).
• Depreciation and amortization between $53 million and $56 million.
• Corporate SG&A expenses between $34 million and $36 million.
• Net interest expense between $23 million and $24 million and an annual effective income tax rate between 25 and 27 percent.
• Capital expenditures between $60 million and $65 million.

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

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