Mueller Water Products, Inc. (MWA) Reports In-Line Q2 EPS, Announces $50M Buyback
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Go back to Mueller Water Products, Inc. (MWA) Reports In-Line Q2 EPS, Announces $50M Buyback
April 28, 2015 5:35 PM EDT
Net sales increased 1 percent to $290.3 million
Earnings per diluted share were $0.08
ATLANTA, April 28, 2015 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) announced today that for its fiscal second quarter ended March 31, 2015, net sales were $290.3 million, compared with $288.1 million in the prior year. Operating income was $25.6 million compared with $25.3 million in the prior year, and adjusted operating income was $26.3 million compared with $28.0 million in the prior year. Income before income taxes increased 52.3 percent to $19.5 million compared with $12.8 million in the prior year. Net income... More
April 28, 2015 5:29 PM EDT
ATLANTA, April 28, 2015 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) announced that its Board of Directors has authorized the Company to repurchase in the aggregate up to $50 million of its outstanding common stock.
"The stock repurchase program is part of a disciplined capital allocation strategy that seeks to enhance the value delivered to our stockholders by investing in both organic and external growth opportunities, as well as returning cash to stockholders through dividends and, with this program, repurchasing outstanding shares," said Gregory E. Hyland, chairman, president and chief executive officer. "This program... More
