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Mueller Water Products, Inc. - MWA STOCK NEWS

Welcome to our dedicated page for Mueller Water Products news (Ticker: MWA), a resource for investors and traders seeking the latest updates and insights on Mueller Water Products stock.

Mueller Water Products, Inc. (NYSE: MWA) is a prominent U.S.-based manufacturer and marketer specializing in products and services for the transmission, distribution, and measurement of water. Operating through its two key segments, Water Flow Solutions and Water Management Solutions, the company offers an extensive portfolio that includes engineered valves, fire hydrants, metering systems, leak detection, and pipe condition assessment tools.

In the Water Flow Solutions segment, Mueller provides iron gate valves, specialty valves, and service brass products. This segment is pivotal to municipalities as it helps in optimizing water flow and operational efficiencies. The Water Management Solutions segment covers products like fire hydrants, repair and installation services, metering, leak detection, and pressure management solutions. This holistic approach to water management ensures municipalities can improve customer service and prioritize capital spending.

Mueller Water Products is a leader in North America's water infrastructure market. The company’s innovative solutions enable municipalities to enhance operational efficiencies and make informed capital spending decisions, epitomizing the company motto, “Where Intelligence Meets Infrastructure™”.

Financially, Mueller has demonstrated resilience and growth, with recent fiscal reports showing an improved balance sheet and liquidity. The company has also increased its quarterly dividends multiple times since 2014, showing a commitment to delivering value to shareholders. Despite facing a cybersecurity incident that disrupted some operations, Mueller has been diligent in its recovery efforts, working with leading cybersecurity specialists to mitigate the impact.

Recent news highlights Mueller's ongoing efforts to restore normal operations following the cybersecurity event and successful financial performance in the recent quarters. The company finished fiscal 2023 with strong net sales and adjusted EBITDA that exceeded expectations. They continue to focus on operational improvements, capital investments in key facilities, and maintaining a robust financial position to support future growth.

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Mueller Water Products reported net sales of $265.3 million for Q4 2020, a slight decrease of 0.6% from the previous year. Net income fell to $26.7 million, with earnings per diluted share of $0.17 compared to $0.25 in Q4 2019. Despite these declines, operating income increased to $40.7 million. For the full fiscal year, net sales totaled $964.1 million, down 0.4%, but net income rose to $72 million. The company anticipates fiscal 2021 sales to increase by up to 3% and is returning cash to shareholders with a 5% increase in dividends.

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Mueller Water Products (NYSE: MWA) will participate in Baird’s 2020 Global Industrial Conference on November 11, 2020. The presentation will be accessible via the Investor Relations section on their website. Mueller Water Products specializes in the manufacturing and marketing of water infrastructure products, including valves, hydrants, and metering solutions, enhancing operational efficiency for municipalities.

For more information, visit www.muellerwaterproducts.com.

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Mueller Water Products (NYSE: MWA) announced an increase in its quarterly dividend from 5.25 cents to 5.50 cents per share. The dividend is payable on or about November 20, 2020, to stockholders of record as of the close of business on November 10, 2020. This increase reflects the company's commitment to returning value to shareholders while maintaining a strong financial position. Mueller Water Products provides a wide range of products and services for water transmission and distribution in North America, ensuring efficient operations for municipalities.

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Mueller Systems has been chosen by Newport Beach, CA, to implement 26,500 advanced metering infrastructure (AMI) water meters, replacing current systems with the Mi.Net® AMI system. Following an 18-month pilot, the new technology has demonstrated effectiveness in detecting water leaks quickly, significantly reducing water loss. The AMI system utilizes a LoRa-enabled radio device and the Sentryx™ water intelligence software, providing accurate usage data and real-time alerts. This project reflects Newport Beach's commitment to smart water technology and resource management.

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Mueller Water Products, Inc. (NYSE: MWA) will announce its financial results for Q4 and full year ending September 30, 2020, after market close on November 9, 2020. A conference call to discuss these results will be held on November 10 at 9:00 a.m. ET, accessible via their Investor Relations webpage. The company specializes in the manufacturing and marketing of products used in water transmission and distribution, showcasing innovation in operational efficiency and customer service.

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Mueller Water Products, Inc. (MWA) has unveiled its new PipeRank™ virtual condition assessment technology, designed to help water utilities predict pipe failures more accurately than traditional methods. This technology integrates advanced data analytics from VODA.ai and diagnosis capabilities from Echologics. The PipeRank system assigns risk scores to pipe segments, facilitating better planning for maintenance and capital investment. This innovation aims to enhance operational efficiency for municipalities, addressing the challenges posed by aging infrastructure and allowing for critical decision-making based on predictive data.

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Mueller Water Products (NYSE: MWA) will participate in the 2020 RBC Capital Markets Global Industrials Virtual Conference on September 15, 2020, with a presentation scheduled for 4:20 p.m. ET. Investors can access a live webcast and audio replay on the company’s Investor website, which will be available for 90 days. Mueller Water Products specializes in essential products for water transmission, distribution, and measurement, helping municipalities enhance efficiency and customer service.

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Mueller Water Products (NYSE: MWA) will join an investor call hosted by RBC Capital Markets on August 12, 2020, at 10:00 a.m. ET. Interested participants can access the call by contacting Tricia Ganning via email. A recording of the call will be made available afterward on the company's Investor webpage. Mueller specializes in products for the transmission, distribution, and measurement of water in North America, offering a diverse range of services that enhance operational efficiency for municipalities.

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Mueller Water Products reported third-quarter 2020 net sales of $228.5 million, down 16.7% from $274.3 million in Q3 2019. Net income was $11.2 million or $0.07 per diluted share, significantly lower than $33.7 million or $0.21 per diluted share in the prior year. Adjusted EBITDA fell 33.0% to $43.8 million. Despite challenges from the COVID-19 pandemic, the company generated $77.8 million in net cash from operating activities for the nine-month period, up $60.0 million year-over-year. It expects Q4 sales to decline up to 5% compared to the previous year.

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Mueller Water Products (NYSE: MWA) has declared a quarterly dividend of 5.25 cents ($0.0525) per share. This dividend is scheduled to be paid on or about August 20, 2020, to shareholders on record as of the close of business on August 10, 2020. The company specializes in manufacturing products for the transmission, distribution, and measurement of water across North America, aiming to enhance operational efficiencies for municipalities.

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FAQ

What is the current stock price of Mueller Water Products (MWA)?

The current stock price of Mueller Water Products (MWA) is $25.26 as of December 5, 2024.

What is the market cap of Mueller Water Products (MWA)?

The market cap of Mueller Water Products (MWA) is approximately 3.9B.

What does Mueller Water Products, Inc. do?

Mueller Water Products, Inc. manufactures and markets products and services used in the transmission, distribution, and measurement of water. Their offerings include engineered valves, fire hydrants, metering systems, leak detection, and pipe condition assessment tools.

In which segments does Mueller Water Products operate?

Mueller Water Products operates in two segments: Water Flow Solutions and Water Management Solutions. These segments provide a broad range of products and services for water control and management.

How does Mueller Water Products serve municipalities?

Mueller Water Products helps municipalities increase operational efficiencies, improve customer service, and prioritize capital spending through a variety of innovative water management products and services.

What recent achievements has Mueller Water Products reported?

Mueller Water Products finished fiscal 2023 with net sales and adjusted EBITDA that exceeded expectations. The company also maintained a strong balance sheet and liquidity despite facing a cybersecurity incident.

What impact did the cybersecurity incident have on Mueller Water Products?

The cybersecurity incident disrupted access to certain systems and information, affecting the company's operations. Mueller Water Products is working with cybersecurity specialists to mitigate the impact and restore normal operations.

What are some key products offered by Mueller Water Products?

Key products include iron gate valves, specialty valves, service brass products, fire hydrants, metering products, leak detection systems, and pipe condition assessment tools.

Where can I learn more about Mueller Water Products?

You can visit their official website at www.muellerwaterproducts.com for more information about their products, services, and recent news.

How has Mueller Water Products performed financially?

Mueller Water Products has shown strong financial performance, with recent reports highlighting increased net sales, improved operating margins, and a robust balance sheet.

What is the significance of Mueller's motto 'Where Intelligence Meets Infrastructure™'?

The motto underscores Mueller's commitment to blending intelligent solutions with essential infrastructure to enhance operational efficiency and resource management for municipalities.

Who are the key contacts for investor relations at Mueller Water Products?

For investor relations, you can contact Whit Kincaid at 770-206-4116 or via email at wkincaid@muellerwp.com.

Mueller Water Products, Inc.

NYSE:MWA

MWA Rankings

MWA Stock Data

3.94B
153.34M
1.88%
95.03%
2.04%
Specialty Industrial Machinery
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