Mueller Water Q1 net sales +15.6% to $314.8M; EPS $0.14, adj EPS $0.13

Mueller Water Products, Inc.

2023-Q1 EPS reported $0.14 revenue$314,800,000

Net sales rose 15.6% YoY to $314.8M; net income $22.5M ($0.14 diluted EPS), adjusted $19.7M ($0.13).
Water Flow Solutions adjusted operating income fell 22.7%; Water Management Solutions rose 70.4%.
Full-year FY2023 outlook reaffirmed: net sales +6-8%, adjusted EBITDA +10-14%.
Free cash flow was -$16.4M vs +$8.8M a year ago; cash $125.6M, total debt $447M (leverage 2.3x).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Mueller Water Products, Inc. reported fiscal 2023 first quarter ended December 31, 2022 results: revenue $314.8 million, net income $22.5 million, EPS $0.14 per diluted share.

Period: fiscal 2023 first quarter ended December 31, 2022
Revenue: $314.8 million
Net income: $22.5 million
EPS: $0.14 per diluted share
Result: reported results

Exact text from the filing

In the first quarter of 2023, the Company: • Increased net sales 15.6 percent to $314.8 million as compared with $272.3 million in the prior year quarter • Generated operating income of $34.0 million as compared with $28.9 million in the prior year quarter and adjusted operating income of $30.3 million as compared with $31.3 million in the prior year quarter, resulting in an adjusted operating margin of 9.6 percent as compared with 11.5 percent in the prior year quarter • Reported net income of $22.5 million as compared with $19.4 million in the prior year quarter and adjusted net income of $19.7 million as compared with $21.2 million in the prior year quarter • Reported net income per diluted share of $0.14 and adjusted net income per diluted share of $0.13 as compared with net income per diluted share of $0.12 and adjusted net income per diluted share of $0.13 in the prior year quarter

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Source: SEC EDGAR

accession 0001350593-23-000005

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