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 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.
Mueller Water Products (NYSE: MWA) has declared a quarterly dividend of $0.055 per share, scheduled for payment on February 22, 2021, to stockholders recorded by February 10, 2021. This reflects the company's ongoing commitment to returning value to its shareholders. Mueller Water Products is a leading provider of products and services for water transmission and distribution in North America, focusing on efficiency and customer service.
Mueller Water Products, Inc. (NYSE: MWA) is set to announce its financial results for the first quarter ending December 31, 2020, on February 3, 2021, after market close. A conference call will follow on February 4, 2021, at 11:00 a.m. ET to discuss the earnings and business performance. Investors and interested parties can access the call via a webcast on the company’s Investor Relations website. Mueller Water Products is a leading provider of water transmission and measurement products in North America.
Mueller has enhanced its Super Centurion fire hydrant by integrating it as a communication hub for pressure and leak monitoring systems. This upgrade allows seamless integration into existing water infrastructure, communicating data through the Sentryx Water Intelligence Platform. The platform helps utilities optimize infrastructure management, thereby lowering operational costs. New hydrants and retrofit options for older models are available, ensuring service continuity without disruption.
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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.
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.
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.