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

Mueller Water Products, Inc. (NYSE: MWA) reported Q2 EPS of $0.14, $0.02 better than the analyst estimate of $0.12. Revenue for the quarter came in at $267.5 million versus the consensus estimate of $247.7 million.

Full-Year Fiscal 2021 Outlook:

For the full-year fiscal 2021, the Company is increasing its expectations and currently anticipates that consolidated net sales will increase between 8 and 10 percent as compared with the prior year. Based on performance through the first half of the year, backlog, and current expectations for end markets, pricing and inflation, the Company anticipates that adjusted EBITDA growth will be between 9 and 12 percent as compared with the prior year. The Company expects to generate healthy free cash flow for the rest of the year.

The Company’s expectations for certain financial metrics for the full-year fiscal 2021 are as follows:

• Total SG&A expenses between $215 million and $220 million.
• Interest expense, net between $24 million and $25 million.
• Effective income tax rate between 24 percent and 26 percent.
• Depreciation and amortization between $60 million and $62 million.
• Capital expenditures between $80 million and $85 million.

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

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