earnings
confidence high
sentiment neutral
materiality 0.80
Mueller Water Products Q4 net sales up 12.1% to $331.4M; EPS $0.05 vs $0.12; guides FY23 EBITDA +10-14%
Mueller Water Products, Inc.
2022-FY EPS reported
$0.48
revenue$1,247,400,000
- Q4 net sales $331.4M (+12.1% YoY); net income $7.1M ($0.05 diluted EPS) vs $18.4M ($0.12) prior year.
- Adjusted EPS $0.10 vs $0.12; adjusted EBITDA $38.6M (11.6% margin) vs $45.6M (15.4%).
- Full-year net sales $1,247.4M (+12.3%); net income $76.6M ($0.48 diluted EPS); adjusted EPS $0.58.
- FY2023 outlook: net sales +6% to +8%; adjusted EBITDA +10% to +14%; free cash flow 40-60% of adjusted net income.
- Brass foundry inefficiencies and $6.8M goodwill impairment hit Q4; company repurchased $35M stock in FY.