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Mueller Water Products, Inc. reports news about a North American water infrastructure manufacturer and marketer whose products are used in the transmission, distribution and measurement of water. Its portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products and software that provides water system data.
Company updates regularly cover quarterly financial results, volume trends, pricing, manufacturing efficiency, supply-chain conditions, tariffs and inflation pressures. Other recurring announcements include quarterly dividends, investor conference participation, earnings-call schedules and governance or leadership changes tied to the company's operating and commercial organization.
Mueller Water Products, Inc. (NYSE:MWA) announced a proposal to issue $450 million of Senior Notes due 2029, subject to market conditions. The funds raised will be used, along with cash on hand, to redeem existing senior notes due 2026. The offering is a private placement, exempt from the registration requirements of the Securities Act of 1933. The offering has not been registered and may not be sold in jurisdictions where it is unlawful. The press release includes forward-looking statements about potential impacts from COVID-19 and other operational risks.
Mueller Water Products (MWA) and Ferguson Waterworks have launched the first LoRaWAN Class B endpoints, with the Town of Florence, Arizona, as the inaugural user. This technology allows for efficient scaling of network coverage and integrates with smart meters for real-time data transmission. Town Manager Brent Billingsley noted enhanced operational efficiency and potential revenue growth from this deployment. The Mi.Net node enables rapid data communication, improving outage responses and ensuring better utility management.
Mueller Water Products reported a 3.8% increase in net sales to $267.5 million for Q2 2021, with net income of $20.9 million. Adjusted net income per diluted share was $0.14, down from $0.15 in the prior year. Operating income decreased to $33.4 million from $35.8 million, impacted by inflation and a $2.4 million inventory write-down related to facility closures. Cash flow improved significantly, with $63.2 million generated from operations. The company raised its 2021 annual guidance, anticipating 8-10% sales growth. Challenges include rising material costs and supply chain issues.
Mueller Water Products, Inc. (NYSE: MWA) will present at the Oppenheimer 16th Annual Industrial Conference on May 5, 2021, at 2:15 p.m. ET. The event will be held virtually, and the presentation can be accessed on the company's Investor Relations website for 90 days. Mueller Water Products is a prominent manufacturer of water transmission and measurement solutions in North America, with a robust portfolio that includes valves, hydrants, and leak detection systems. The company aims to enhance operational efficiency and customer service for municipalities.
Mueller Water Products, Inc. (NYSE: MWA) announced a quarterly dividend of 5.50 cents ($0.055) per share, set to be paid on May 20, 2021. This dividend will benefit stockholders on record as of the close of business on May 10, 2021. The company specializes in water transmission and distribution products and services in North America, focusing on enhancing operational efficiencies for municipalities. Their product range includes engineered valves, fire hydrants, and leak detection systems.
Mueller Water Products, Inc. (NYSE: MWA) will report its second-quarter financial results after market close on May 3, 2021. A conference call is scheduled for May 4, 2021, at 9:00 a.m. ET to discuss the earnings and business outcomes. Investors can access the call through a webcast on the company’s Investor Relations page. Mueller is a prominent manufacturer of water transmission, distribution, and measurement products in North America, focusing on enhancing operational efficiencies for municipalities.
Mueller Water Products (NYSE: MWA) has appointed Jeffery S. Sharritts to its Board of Directors. Sharritts, currently Senior VP of the Americas at Cisco, oversees over $29 billion in sales across 49 countries. His extensive experience includes roles in U.S. Commercial Sales and expansion into Latin America and Canada. The Board believes his technological transformation expertise will enhance Mueller's growth in technology-driven products and services. This appointment aligns with the company’s strategy to expand beyond North America.
Mueller Systems announced a contract with Calaveras County Water District to implement an advanced metering infrastructure (AMI) network across 1,000 square miles, covering 13,000 endpoints. The project aims to enhance customer service, optimize water usage, and improve operational efficiencies. Utilizing the Mi.Net® AMI solution, it will allow near-real-time water usage data and leak detection. Deployment is set to start in Spring 2021 and conclude by late 2022, supporting the District's goal of modernizing water management. This initiative aligns with smart city efforts in the water industry.
Mueller Water Products (NYSE: MWA) will participate in the Gabelli 31st Annual Pump, Valve & Water Systems Symposium on February 25, 2021, at 10:00 a.m. ET. The event will be conducted virtually and the presentation will be accessible via the Investor Relations section of the company’s website for 90 days post-event.
Mueller Water Products is a top manufacturer of water transmission and distribution products in North America, offering a range of services including engineered valves, fire hydrants, and leak detection systems, thereby enhancing municipal operational efficiencies.
Mueller Water Products reported a strong start to fiscal Q1 2021, with net sales increasing 11.7% to $237.4 million, compared to $212.6 million last year. Net income grew to $16.7 million or $0.11 per diluted share, up from $10.3 million or $0.06. The company achieved a 19.5% rise in adjusted EBITDA to $44.7 million despite ongoing pandemic-related challenges. Mueller raised its annual guidance for net sales and adjusted EBITDA growth, highlighting resilience in residential construction.