This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mueller Water Products Reports Fiscal 2012 First Quarter Results

Mueller Water Products, Inc. (NYSE: MWA) today reported net sales of $311.5 million and a net loss of $11.9 million for the fiscal 2012 first quarter ended December 31, 2011. Summarized consolidated 2012 first quarter results compared to 2011 first quarter results are as follows:

  • Net sales for the 2012 first quarter increased 8.3 percent to $311.5 million from $287.6 million for the 2011 first quarter.
  • Loss from operations for the 2012 first quarter was $2.9 million compared to a loss for the 2011 first quarter of $4.3 million. The adjusted loss from operations for the 2012 first quarter of $1.6 million also improved from an adjusted loss for the 2011 first quarter of $2.4 million.
  • Net loss per share was $0.08 for the first quarter of both 2012 and 2011. The adjusted net loss per share for the 2012 first quarter was $0.07 compared to an adjusted net loss per share for the 2011 first quarter of $0.06.
  • Adjusted EBITDA for the 2012 first quarter of $17.8 million was essentially flat with adjusted EBITDA for the first quarter last year.

“We saw signs in the first quarter that the water infrastructure market could be stabilizing,” said Gregory E. Hyland, chairman, president and chief executive officer of Mueller Water Products. “Mueller Co.’s domestic valve and hydrant volume grew slightly in the first quarter on a year-over-year basis. We also experienced strong net sales growth in the first quarter from both Mueller Systems and Echologics, our leak detection business. These businesses are still ramping up, which is negatively impacting Mueller Co.’s adjusted operating income in the short term; however, we remain encouraged by their long-term potential.

“U.S. Pipe’s net sales and volume both increased in the first quarter year-over-year, contributing to their improved operating performance.

1 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs