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 Second Quarter Results

“Net sales and operating income at Mueller Co.’s base business grew in the second quarter. Net sales increased 2.4 percent and operating income for the base business grew 10.7 percent, driven by increased domestic shipments of valves and hydrants. Additionally, Mueller Systems and Echologics continued to gain traction in the marketplace with net sales growth of 22.3 percent year-over-year though, as expected, these businesses negatively impacted Mueller Co.’s current overall results as we are still in the investment phase with both businesses.

“Anvil again delivered solid year-over-year growth with net sales up 12.0 percent and operating income up 44.9 percent, driven primarily by increased strength in its oil & gas and fire protection businesses.

“We believe the steps we have taken to strengthen the company, combined with what appears to be improving end-market dynamics, position us well for future profitable growth.”

Second Quarter Consolidated Results

Net sales for the 2012 second quarter of $251.5 million increased $16.0 million, or 6.8 percent, from the 2011 second quarter net sales of $235.5 million due to higher shipment volumes and higher prices at both Mueller Co. and Anvil.

Adjusted operating income for the 2012 second quarter of $11.5 million improved from $10.9 million for the 2011 second quarter, driven by the higher shipment volumes and higher sales prices mentioned above.

Second Quarter Segment Results

Mueller Co.

Net sales for the 2012 second quarter of $154.5 million increased 3.8 percent from the 2011 second quarter of $148.9 million due to higher shipment volumes and higher prices in the base business as well as at Mueller Systems and Echologics. The increase in shipment volumes in Mueller Co.’s base business, which excludes Mueller Systems and Echologics, was primarily due to higher shipments of domestic valves and hydrants.

Adjusted operating income for the 2012 second quarter was $9.0 million compared to adjusted operating income for the 2011 second quarter of $10.5 million. Mueller Co.’s base business adjusted operating income improved 10.7 percent from the 2011 second quarter, and its overall adjusted operating margin would have been 440 basis points higher except for the continued ramping up of operations at Mueller Systems and Echologics.

2 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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TSLA $160.34 12.00%
YHOO $26.86 -0.89%
AAPL $94.04 -0.24%
FB $101.04 0.04%
GOOG $681.05 -0.45%


Chart of I:DJI
DOW 15,714.70 -200.04 -1.26%
S&P 500 1,834.30 -17.56 -0.95%
NASDAQ 4,260.30 -23.2920 -0.54%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs