earnings
confidence high
sentiment positive
materiality 0.85
Mueller Water Products Q3 sales +9.2% to $356.7M; raises FY guidance
Mueller Water Products, Inc.
2024-Q3 EPS reported
$0.68
revenue$966,500,000
- Net sales $356.7M (+9.2% YoY); GAAP EPS $0.30 vs $0.16; adjusted EPS $0.32 vs $0.18.
- Adjusted EBITDA $85.2M (+56.6%); margin 23.9% vs 16.7% YoY.
- Water Flow Solutions sales +38.6% to $208.1M; Water Management Solutions -15.8% to $148.6M.
- Raises FY2024 net sales guidance to $1,285M-$1,295M; adjusted EBITDA to $271M-$275M.
- Nine-month free cash flow $121.5M vs $20.1M; net debt leverage 0.8x.