Mueller Water Products, Inc. (MWA) Misses Q4 EPS by 7c

Mueller Water Products, Inc. (NYSE: MWA) reported Q4 EPS of $0.12, $0.07 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $295.6 million versus the consensus estimate of $296.21 million.

Full-Year 2022 Outlook:

For the full-year 2022, the Company currently anticipates that consolidated net sales will increase between 4 percent and 8 percent as compared with the prior year. These expectations take into account current backlog, higher pricing, new product initiatives and channel strategies. As a result of higher sales and improved execution, the Company expects that adjusted EBITDA will also increase between 4 percent and 8 percent as compared with adjusted EBITDA of $203.6 million for fiscal 2021. The Company expects to generate solid free cash flow during the fiscal year. These expectations assume that challenges associated with higher inflation, labor availability and supply chain disruptions and the pandemic’s impact will modestly improve relative to fiscal 2021 and that material costs do not increase beyond current levels.

The Company’s expectations for certain financial metrics for the full-year fiscal 2022 are as follows:

• Total SG&A expenses between $230 million and $240 million.
• Net interest expense between $18 million and $19 million.
• Effective income tax rate between 25 percent and 27 percent.
• Depreciation and amortization between $62 million and $64 million.
• Capital expenditures between $70 million and $80 million.

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

You May Also Be Interested In

• Freightos Limited (CRGO) Tops Q2 EPS by 3c ; Offers Guidance
• Seritage Growth Properties (SRG) Reports Q2 Loss of $0.13
• Traws Pharma (TRAW) Tops Q2 EPS by 27c