Mueller Water A Stock Price, News & Analysis

Mueller Water Products (NYSE: MWA) will announce its financial results for the first quarter ending December 31, 2022, on February 2, 2023. The announcement will be made after U.S. markets close. A conference call is scheduled for February 3, 2023, at 10:00 a.m. ET to discuss these results. Interested parties may listen to the call via webcast, which will be available on the company’s Investor Relations website. An archived version of the webcast will be accessible for 90 days post-call. Mueller Water Products is a leading provider of water transmission and distribution solutions in North America.

Echologics has launched the EchoShore®-DXe, an advanced acoustic leak monitoring sensor designed to enhance leak detection in water distribution systems. This valve-based sensor works alongside existing hydrant-based sensors, providing utilities with comprehensive coverage for monitoring leaks. It utilizes the Sentryx™ Water Intelligence platform for improved leak alerts and accurate location detection, helping to reduce water loss and mitigate environmental impacts. The sensors boast a battery life of up to 10 years and support LTE Cat-M1 and NB-IoT communications.

Mueller Water Products reported net sales of $331.4 million for Q4 2022, up 12.1% year-over-year. Net income was $7.1 million or $0.05 per diluted share. For the fiscal year, net sales totaled $1.2 billion, a 12.3% increase from the previous year, with net income rising to $76.6 million or $0.48 per diluted share. Despite sales growth, operating income decreased significantly due to higher costs and manufacturing inefficiencies. The company expects 6-8% sales growth in 2023 and plans to increase adjusted EBITDA by 10-14%.

Mueller Water Products, Inc. (NYSE: MWA) will attend Baird’s 2022 Global Industrial Conference on November 9, 2022, at The Ritz-Carlton, Chicago, IL. The event will enhance visibility for Mueller’s engineering solutions in water transmission and management. Attendees can access the presentation via the Investor Relations section on www.muellerwaterproducts.com. Mueller is a key manufacturer of products used in water systems across North America, providing critical solutions to municipalities.

Mueller Water Products, Inc. (NYSE: MWA) will release its financial results for the fourth quarter and full year ended September 30, 2022, after market close on November 7, 2022. A conference call will follow on November 8, 2022, at 9:00 a.m. ET to discuss earnings and business results. Investors can listen via webcast on the company's website. Mueller Water Products is a leading manufacturer in water transmission and distribution, offering a wide range of products and services to enhance operational efficiency for municipalities.

Mueller Water Products (NYSE: MWA) has announced a quarterly dividend increase of approximately 5.2%, raising it from 5.80 cents to 6.10 cents per share. This dividend will be payable on or about November 21, 2022, to stockholders of record as of November 10, 2022. This move reflects the company’s commitment to delivering shareholder value while continuing to support its operations in water transmission and distribution.

Mueller Water Products has entered into a cooperation agreement with Ancora Holdings Group, leading to significant governance changes. The company has welcomed two new independent directors, Brian Slobodow and Niclas Ytterdahl, improving board diversity and expertise. A new Capital Allocation and Operations Committee will be formed to enhance operational efficiency. The board refreshment plan aims to add several new directors and remove those with over 10 years of service by 2024, aligning leadership with strategic goals to enhance shareholder value.

Mueller Water Products (NYSE: MWA) announced its participation in three upcoming conferences, including the Seaport Research Partners Annual Summer Investor Conference on August 24, the RBC Capital Markets Global Industrials Conference on September 14, and the D.A. Davidson Diversified Industrials & Services Conference on September 22. Presentations from these events will be accessible in the Investor Relations section of their website. Mueller Water Products specializes in manufacturing products and services for water transmission, distribution, and measurement across North America.

Mueller Water Products (NYSE: MWA) reported a 7.3% increase in net sales for Q3 2022, totaling $333.2 million, up from $310.5 million year-on-year.

Net income surged 84% to $26.5 million, or $0.17 per diluted share, compared to $14.4 million in the previous quarter.

Despite operational challenges, including supply chain disruptions and inflation, the company anticipates double-digit sales growth for the year and plans to improve manufacturing performance.