Mueller Water Products, Inc. (MWA) Reports In-Line Q1 EPS, Revenues Miss

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Go back to Mueller Water Products, Inc. (MWA) Reports In-Line Q1 EPS, Revenues Miss

Mueller Water Products Reports 2019 First Quarter Results

February 4, 2019 7:55 PM EST

ATLANTA, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) announced today that for its fiscal 2019 first quarter ended December 31, 2018, net sales were $192.8 million and net loss was $21.0 million, primarily due to the Walter Energy Accrual (defined below).

In the 2019 first quarter, the Company:

Increased net sales 8.1 percent, or $14.5 million, to $192.8 million, as compared with $178.3 million in the prior year quarter.Recorded a $37.4 million accrual based on a proposed IRS calculation of the liability related to the ongoing dispute regarding Walter Energy tax returns (Walter Energy Accrual).Generated... More