Mueller Water Products ( (MWA) ) has released its Q3 earnings. Here is a breakdown of the information Mueller Water Products presented to its investors.
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Mueller Water Products, Inc. is a prominent North American manufacturer and marketer specializing in products and solutions for water transmission, distribution, and measurement. The company is known for its extensive portfolio, including engineered valves, fire hydrants, and leak detection systems, which aid municipalities in enhancing operational efficiencies and customer service.
In its fiscal 2025 third-quarter earnings report, Mueller Water Products announced a 6.6% increase in net sales, reaching $380.3 million. The company also reported a net income per diluted share of $0.33 and an adjusted net income per diluted share of $0.34. The company has raised its annual guidance for fiscal 2025 net sales and adjusted EBITDA, reflecting strong performance despite economic uncertainties.
Key financial highlights include a 10.9% increase in gross profit to $145.7 million and an operating income of $73.7 million, up 10% from the previous year. The Water Flow Solutions segment saw a 4.1% rise in net sales, while the Water Management Solutions segment experienced a 10.2% increase. The company also reported a decrease in net cash provided by operating activities to $135.8 million for the nine-month period, primarily due to changes in working capital.
Mueller Water Products remains optimistic about its future, with expectations for record annual results for the second consecutive year. The company is navigating external challenges effectively and is committed to leveraging its market position and strategic investments to drive future growth. Management is confident in its ability to deliver results and capitalize on opportunities in the evolving market landscape.