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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, Inc. (NYSE: MWA) will participate in investor conferences in May, including Oppenheimer 19th Annual Industrial Growth Conference on May 8, 2024, and TD Cowen 2nd Annual Sustainability Week on May 23, 2024. The company's management team will host meetings and present at these events, with the presentation on May 8 being webcast on the Investor Relations section of the company's website.

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Mueller Water Products, Inc. reported a 6.2% increase in net sales to $353.4 million for the second quarter of 2024. The company achieved record adjusted net income per diluted share of $0.30 and raised its annual guidance for net sales and adjusted EBITDA. Additionally, there was an update on the leadership team and board refreshment. The CEO expressed confidence in the company's ability to continue its progress despite external uncertainties.

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Mueller Water Products, Inc. announced the appointment of Marietta Edmunds Zakas as Chief Executive Officer and the promotion of Paul McAndrew to President. The Company also welcomed Brian Healy and Christian Garcia to the Board of Directors. These leadership changes reflect a strategic move to enhance operational excellence and drive growth. With a focus on long-term sustainable growth, Mueller continues to strengthen its position in the water infrastructure industry.

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Mueller Water Products, Inc. (NYSE: MWA) has announced the dates for its second quarter 2024 earnings release and conference call. The financial results for the quarter ending March 31, 2024, will be released on May 6, 2024, after the U.S. markets close. The conference call to discuss earnings and business results will take place on May 7, 2024, at 10:00 a.m. ET.
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Mueller Water Products, Inc. (MWA) declared a quarterly dividend of 6.40 cents per share. This dividend is a positive sign of financial strength and shareholder value. The company's consistent dividend payouts reflect stability and commitment to investors.
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Mueller Water Products, Inc. (MWA) will be presenting at the Gabelli Funds 34th Annual Pump, Valve & Water Systems Symposium in New York on February 22, 2024, at 10:30 a.m. Eastern Time. The presentation will be webcast and available on the company's website for 90 days.
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Mueller Water Products, Inc. reported net sales of $256.4 million, a decrease of 18.6% compared to the prior year. The company achieved net income per diluted share of $0.09 and adjusted net income per diluted share of $0.13. The fiscal 2024 first quarter results showed a decrease in operating income, net income, and net sales. The company's CEO expressed confidence and resilience in the face of volume headwinds and external uncertainties, with the expectation of higher margins in fiscal 2024.
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Mueller Water Products, Inc. (NYSE: MWA) is set to release its financial results for the first quarter ended December 31, 2023, on February 8, 2024. The company will hold a conference call on February 9, 2024, to discuss earnings and business results, with a webcast available on their Investor Relations section. Interested parties can listen to the webcast on www.muellerwaterproducts.com.
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Mueller Water Products, Inc. (MWA) declares a quarterly dividend of $0.064 per share, reflecting a commitment to shareholder value and financial stability.
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Mueller Water Products, Inc. (NYSE: MWA) has announced the nomination of Brian Healy to join the Company’s Board of Directors, bringing over 25 years of financial services industry experience. With the appointment, the Board would be comprised of 10 directors, nine of whom are independent. Healy's extensive executive leadership experience, strategic planning skills, and financial acumen are expected to bring significant value to the diverse Board. He has advised senior management teams and Board directors at public and private companies on numerous strategic transactions, including acquisitions, divestitures, spin-offs, hostile defenses, and cross-border transactions.
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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 $25.58 as of December 2, 2024.

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

The market cap of Mueller Water Products (MWA) is approximately 3.3B.

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

3.31B
153.31M
1.88%
95.03%
2.04%
Specialty Industrial Machinery
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