Mueller Water Products Q2 net sales $332.9M (+7.2% YoY); EPS $0.14; reaffirms FY23 guidance

Mueller Water Products, Inc.

2023-Q2 EPS reported $0.28 revenue$647,700,000

Net income $21.3M; diluted EPS $0.14 (GAAP and adjusted), vs $0.15 prior year.
Water Management Solutions sales surged 38.8% to $175.7M; Water Flow Solutions fell 14.5% to $157.2M.
Adjusted EBITDA $48.1M, margin 14.4% (down from 16.3% YoY); strong pricing offset inflation and volumes.
FY23 guidance reaffirmed: net sales growth 6-8%, adjusted EBITDA growth 10-14%, free cash flow 30-50% of adj. net income.
Six-month free cash flow $(42.7)M vs $(25.2)M prior year; net debt leverage ratio 1.9x; $162.5M ABL availability.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mueller Water Products, Inc. reported fiscal 2023 second quarter ended March 31, 2023 results: revenue $332.9 million, net income $21.3 million, EPS $0.14 per diluted share. Guidance reaffirmed.

Period: fiscal 2023 second quarter ended March 31, 2023
Revenue: $332.9 million
Net income: $21.3 million
EPS: $0.14 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

set forth by specific reference in any such filings. --- EX-99.1 (EX-99.1) --- MUELLER WATER PRODUCTS REPORTS 2023 SECOND QUARTER RESULTS Increased Net Sales 7.2 percent to $332.9 million Delivered Net Income and Adjusted Net Income per Diluted Share of $0.14 ATLANTA, May 8, 2023 - Mueller Water Products, Inc. (NYSE: MWA) announced financial results for its fiscal

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Source: SEC EDGAR

accession 0001350593-23-000020

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