Mueller Water Products, Inc. (MWA) Tops Q1 EPS by 1c

Mueller Water Products, Inc. (NYSE: MWA) reported Q1 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $212.6 million versus the consensus estimate of $203.54 million.

Full-Year 2020 Outlook

The Company’s expectations for full-year 2020, which reflect the current business environment and outlook, are as follows:

• Municipal spending growing in the low-single digit range, residential construction growing in the low-single digit range and natural gas distribution growing in the low to mid-single digit range.
• Consolidated net sales growth at the high end of the 3 to 5 percent range previously provided, driven by higher pricing, increased shipment volumes and the contribution from Krausz in the first quarter.
• Growth in adjusted EBITDA at the high end of the 4 to 8 percent range previously provided (as compared with $198.2 million of adjusted EBITDA in 2019), based on the current outlook for net sales growth, product mix and inflation.
• Total SG&A expenses at approximately 20 percent of consolidated net sales.
• Net interest expense between $24 million and $25 million.
• Effective income tax rate between 24 and 26 percent.
• Depreciation and amortization between $60 million and $62 million.
• Capital expenditures between $80 million and $90 million.

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

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