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 2013 First Quarter Results

Mueller Water Products, Inc. (NYSE: MWA) today reported net sales of $245.1 million and net income of $7.0 million for the fiscal 2013 first quarter ended December 31, 2012. The following compares 2013 first quarter results from continuing operations to the prior year period. In the quarter, the Company:

  • Increased net sales 13.8 percent to $245.1 million from $215.4 million.
  • Grew operating income 16.9 percent to $6.9 million from $5.9 million, while adjusted operating income increased 20.6 percent to $7.6 million from $6.3 million.
  • Improved adjusted net loss per diluted share to $0.02 from a loss of $0.04.
  • Increased adjusted EBITDA to $22.4 million from $21.3 million.

Subsequent to the end of the quarter, the Company announced its intention to redeem $22.5 million in principal amount of its 8.75 percent Senior Unsecured Notes on February 22, 2013.

“Our consolidated performance improved again in the first quarter, as demonstrated by a 13.8 percent increase in net sales and a 20.6 percent increase in adjusted operating income,” said Gregory E. Hyland, chairman, president and chief executive officer of Mueller Water Products.

“Shipments of Mueller Co.’s valves, hydrants and brass products increased in the quarter year-over-year, which we believe was due to continued improvement in both the municipal and residential construction markets. Net sales of Mueller Co.’s newer technology products and services more than doubled in the quarter on a year-over-year basis, demonstrating the traction we believe these products and services are gaining in the marketplace. Although these products and services negatively impacted Mueller Co.’s adjusted operating margin in the quarter, the incremental margin from increased net sales was encouraging, and we believe there is room for further improvement especially as deployment of our Advanced Metering Infrastructure system grows.

1 of 6

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 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs