earnings
confidence high
sentiment neutral
materiality 0.70
Mueller Water Products Q1 net sales $256.4M, down 18.6%; adj EPS $0.13 flat
Mueller Water Products, Inc.
2024-Q1 EPS reported
$0.09
revenue$256,400,000
- Net sales $256.4M, down 18.6% YoY; reported EPS $0.09 vs $0.14; adjusted EPS $0.13 flat.
- Adjusted EBITDA $44.8M, up 1.4%; adjusted EBITDA margin 17.5% vs 14.0% prior year.
- Free cash flow $62.2M vs -$16.4M prior year; net debt leverage 1.1x.
- FY2024 outlook: net sales decrease 2-6% (slightly improved); adj EBITDA +3-7%.
- Cybersecurity incident expenses $1.5M; channel inventory largely normalized by quarter-end.