MWA Stock Recent News

Increased Net Sales 9.2 percent to $356.7 Million Reported Net Income per Diluted Share of $0.30 Achieved Record Adjusted Net Income per Diluted Share of $0.32 Raises Annual Guidance for Net Sales and Adjusted EBITDA ATLANTA, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) announced financial results for its 2024 third quarter ended June 30, 2024. In the third quarter of 2024, the Company: Delivered net sales of $356.7 million, a 9.2 percent increase as compared with $326.6 million in the prior year quarter Reported operating income of $67.0 million as compared with $35.6 million in the prior year quarter and increased adjusted operating income 77.0 percent to $69.9 million as compared with $39.5 million in the prior year quarter Reported operating margin of 18.8 percent as compared with 10.9 percent in the prior year quarter and increased adjusted operating margin to 19.6 percent as compared with 12.1 percent in the prior year quarter Reported net income of

Mueller Water Products (MWA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

ATLANTA, July 24, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) plans to release financial results for its third quarter ended June 30, 2024, after U.S. markets close on Monday, August 5, 2024. On Tuesday, August 6, 2024, at 10:00 a.m. ET, the Company will hold a conference call to discuss earnings and business results. Interested parties are invited to listen via webcast available on the Investor Relations section of the Company's website www.muellerwaterproducts.com. An archive of the webcast will be available for approximately 90 days following the call.

Mueller Water Products (MWA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

MONDY, MWA, SRPT, ASYS and CLCO have been added to the Zacks Rank #1 (Strong Buy) List on July 3, 2024.

MONDY, MWA and ITOCY made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 3, 2024.

Articles about water stocks to buy typically focus on income-oriented investors. That's because, like many utility stocks, water stocks are known for their predictability.

Mueller Water Products is well-positioned for growth due to pricing increases, resilient municipal R&R activity and improving new residential construction market. Margins are expected to benefit from price increases, operating leverage, cost reductions, and improved productivity, as well as the ramping up of production in a new foundry. Valuation multiple can re-rate if the company continues to execute well.

Does Mueller Water Products (MWA) have what it takes to be a top stock pick for momentum investors? Let's find out.

A combination of end-to-customer destocking and solid end demand from municipalities contributed to the company's growth in the recent quarter. Management now believes its sales will grow in fiscal 2024 compared to a prior expectation for a decline.