Mueller Water A Stock Price, News & Analysis

Mueller Water Products (NYSE: MWA) reported strong Q4 and fiscal year 2024 results, with Q4 net sales increasing 15.5% to $348.2 million and full-year sales rising 3.1% to $1.3 billion. Q4 adjusted EBITDA grew 30.9% to $72.5 million with improved margin of 20.8%. Full-year net income reached $115.9 million with EPS of $0.74. The company generated record free cash flow of $191.4 million, up $130 million year-over-year. For fiscal 2025, Mueller expects net sales growth of 1.9-3.4% to $1.34-1.36 billion and adjusted EBITDA of $300-305 million.

Mueller Water Products (NYSE: MWA) has scheduled its fourth quarter and full year 2024 financial results release for Wednesday, November 6, 2024, after U.S. markets close. The company will host a conference call to discuss the results on Thursday, November 7, 2024, at 10:00 a.m. ET. A webcast will be available on the company's Investor Relations website, with an archive accessible for approximately 90 days after the call.

Mueller Water Products (NYSE: MWA) announced a 4.7% increase in its quarterly dividend, raising it to $0.067 per share from $0.064. The dividend will be payable on November 20, 2024, to stockholders of record as of November 8, 2024. This increase demonstrates the company's commitment to delivering shareholder value.

Mueller Water Products has released its fourth Environmental, Social and Governance (ESG) report, highlighting key milestones in 2023. The company reduced Scope 1 and 2 emissions intensity by ~3% year-over-year, used ~90% recycled metal in production, and decreased waste directed to disposal by 15+%. Mueller's EchoShore® leak detection system generated an estimated 5.8 billion gallons of water loss savings for clients since 2020.

CEO Martie Edmunds Zakas noted that MSCI upgraded Mueller to its highest ESG level of AAA. The company also expanded its global disclosure alignment to include the United Nations Sustainable Development Goals (UN SDGs) and provided an initial climate-related response to the CDP. Mueller's 2023 ESG report aligns with GRI, SASB, and TCFD frameworks, demonstrating its commitment to sustainability and transparency in its operations.

Mueller Water Products (NYSE: MWA) announced a CFO succession plan, with Steve Heinrichs transitioning from his role as Chief Financial Officer and Chief Legal and Compliance Officer by December 31, 2024. The company has initiated a search for a new CFO with a leading executive search firm. Heinrichs will remain as CFO until a successor is named and will be available as a consultant until September 30, 2025, to ensure a smooth transition.

CEO Martie Edmunds Zakas praised Heinrichs' contributions over the past six years. Chason A. Carroll was previously appointed as General Counsel in August 2023. Heinrichs expressed pride in the company's operational and financial improvements during his tenure.

Mueller Water Products (NYSE: MWA) has announced its participation in the upcoming Raymond James Industrial and Energy Showcase. The virtual event is scheduled for August 8, 2024. During the showcase, the company's management team will be hosting investor meetings. This presents an opportunity for investors to engage directly with Mueller Water Products' leadership.

Interested parties can access the company's presentation materials on the Investor Relations section of Mueller Water Products' official website at www.muellerwaterproducts.com. This virtual showcase allows the company to connect with investors and share insights about their operations, strategies, and market position in the water infrastructure industry.

Mueller Water Products (NYSE: MWA) reported strong Q3 2024 results, with net sales increasing 9.2% to $356.7 million. The company achieved record adjusted net income per diluted share of $0.32, up 77.8% year-over-year. Adjusted EBITDA rose 56.6% to $85.2 million, with margin improving to 23.9%. Key highlights include:

- Operating income increased 88.2% to $67.0 million
- Net income grew 93.1% to $47.3 million
- Free cash flow for the nine-month period improved by $101.4 million to $121.5 million

Based on strong performance, Mueller Water Products raised its fiscal 2024 guidance for net sales and adjusted EBITDA. The company expects to benefit from investments in aging water infrastructure and federal infrastructure spending.

Mueller Water Products (NYSE: MWA) has announced a quarterly dividend of 6.40 cents ($0.064) per share. The dividend will be payable on or about August 20, 2024, to stockholders of record as of the close of business on August 9, 2024. This announcement demonstrates the company's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite potential economic uncertainties.

Mueller Water Products (NYSE: MWA) has announced the dates for its third quarter 2024 earnings release and conference call. The company will release its financial results for the quarter ended June 30, 2024, after U.S. markets close on Monday, August 5, 2024. A conference call to discuss the earnings and business results is scheduled for Tuesday, August 6, 2024, at 10:00 a.m. ET.

Interested parties can listen to the webcast on the Investor Relations section of the company's website. An archive of the webcast will be available for approximately 90 days following the call.