Mueller Water Products, Inc. (MWA) Tops Q2 EPS by 15c; offers outlook

Mueller Water Products, Inc. (NYSE: MWA) reported Q2 EPS of $0.30, $0.15 better than the analyst estimate of $0.15. Revenue for the quarter came in at $353.4 million versus the consensus estimate of $299.62 million.

OUTLOOK

The Company is increasing expectations for fiscal 2024 consolidated net sales to be between flat and down 2 percent as compared with the prior fiscal year

The Company is also increasing its expectations for fiscal 2024 adjusted EBITDA to increase between 23 and 27 percent as compared with the prior fiscal year

The Company expects free cash flow as a percentage of adjusted net income to be more than 75 percent in fiscal 2024.

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

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