Mueller Water reports Q3 adjusted EPS 34c, consensus 34c

Reports Q3 revenue $380.3M, consensus $367.78M. “We achieved an impressive third quarter, setting new records for consolidated net sales, gross margin and adjusted EBITDA, even amidst heightened macroeconomic and geopolitical uncertainty. Our gross margin exceeded 38% this quarter, reflecting a significant sequential improvement of 320 basis points. Our teams executed well, capitalizing on higher-than-expected order levels and driving manufacturing efficiencies, despite the challenges posed by the recently enacted tariffs. We are pleased with the expected positive impact of closing our legacy brass foundry, which has contributed to our overall success,” said Martie Edmunds Zakas, CEO of Mueller Water (MWA) Products.