Mueller Water Products Q3 net sales $326.6M (-2% YoY); lowers FY2023 guidance

Mueller Water Products, Inc.

2023-Q3 EPS reported $0.44 revenue$974,300,000

Net income of $24.5M ($0.16/diluted share); adjusted EPS $0.18 vs $0.19 prior year.
Water Flow Solutions net sales down 23.4% to $150.1M; Water Management Solutions up 28.6% to $176.5M.
Adjusted EBITDA $54.4M (16.7% margin) vs $57.8M (17.3%) prior year; margin down 60 bps.
FY2023 outlook: net sales flat to down 2%, adjusted EBITDA flat to down 5% vs prior year; targeting ~$25M annual SG&A savings.
Free cash flow of $20.1M for nine months vs ($16.2M) prior year; debt leverage 2.4x, net debt leverage 1.7x.

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 third quarter ended June 30, 2023 results: revenue $326.6 million, net income $24.5 million, EPS $0.16. Guidance lowered.

Period: fiscal 2023 third quarter ended June 30, 2023
Revenue: $326.6 million
Net income: $24.5 million
EPS: $0.16
Guidance: lowered
Result: reported results

Exact text from the filing

be expressly set forth by specific reference in any such filings. --- EX-99.1 (EX-99.1) --- MUELLER WATER PRODUCTS REPORTS 2023 THIRD QUARTER RESULTS Achieved Net Sales of $326.6 Million Delivered Net Income per Diluted Share of $0.16 Generated Adjusted Net Income per Diluted Share of $0.18 ATLANTA, August 3, 2023 - Mueller Water Products, Inc. (NYSE: MWA)

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Source: SEC EDGAR

accession 0001350593-23-000031

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