earnings
confidence high
sentiment negative
materiality 0.75
Mueller Water Products Q4 net sales $301.4M (-9.1% YoY); fiscal 2024 outlook sees further decline
Mueller Water Products, Inc.
- Q4 net sales $301.4M (-9.1% YoY); adjusted EPS $0.19 vs $0.10 prior year; adjusted EBITDA margin 18.4%.
- Fiscal 2023 net sales $1,275.7M (+2.3% YoY); adjusted EPS $0.63 vs $0.58; free cash flow $61.4M.
- Fiscal 2024 net sales expected to decline 3-8%; Q1 guidance $245-255M; margins expected to improve H2.
- Cybersecurity incident (Oct 28) impacts still under evaluation; all facilities operational, but expects negative financial impact.
- Returned $48.1M to shareholders in FY2023 via dividends and share repurchases; no debt maturities until 2029.