Core Insights - Mueller Water Products (MWA) reported quarterly earnings of $0.25 per share, exceeding the Zacks Consensus Estimate of $0.19 per share, and up from $0.13 per share a year ago [1][2] - The company achieved revenues of $304.3 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 8% and increasing from $256.4 million year-over-year [3] - The stock has shown a 31.58% earnings surprise this quarter and has surpassed consensus EPS estimates three out of the last four quarters [2][3] Earnings Performance - The earnings surprise of 31.58% indicates strong performance relative to expectations [2] - In the previous quarter, the company had an earnings expectation of $0.25 per share but reported $0.22, resulting in a negative surprise of -12% [2] - The company has consistently outperformed revenue estimates, achieving this four times in the last four quarters [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.34, with expected revenues of $357.75 million, and for the current fiscal year, the EPS estimate is $1.17 on revenues of $1.36 billion [8] - The estimate revisions trend for Mueller Water Products is favorable, leading to a Zacks Rank 2 (Buy), suggesting expected outperformance in the near future [7] - The Steel - Pipe and Tube industry, to which Mueller Water Products belongs, is currently ranked in the top 16% of over 250 Zacks industries, indicating a positive industry outlook [9]

Financial Performance - Net sales increased by 18.7 percent to $304.3 million compared to $256.4 million in the prior year quarter[2] - Reported net income rose by 146.9 percent to $35.3 million, with a net income margin of 11.6 percent compared to 5.6 percent in the prior year quarter[9] - Adjusted EBITDA increased by 41.7 percent to $63.5 million, improving the adjusted EBITDA margin to 20.9 percent from 17.5 percent in the prior year quarter[10] - Adjusted net income increased by 97.0 percent to $39.2 million compared to $19.9 million in the prior year quarter[9] - Operating income increased by 107.9 percent to $47.4 million, with an operating margin of 15.6 percent compared to 8.9 percent in the prior year quarter[6] - Net income for the quarter was $35.3 million, a substantial increase from $14.3 million in the same quarter of 2023, resulting in net income per diluted share of $0.22[41] - The company’s net income for the quarter was $35.3 million, translating to a net income margin of 11.6%, compared to $14.3 million and a margin of 5.6% in the same quarter of the previous year[44][46] Sales and Revenue Growth - Water Flow Solutions segment net sales increased by 23.6 percent to $174.6 million, driven by higher volumes and pricing[12] - Water Management Solutions segment net sales increased by 12.7 percent to $129.7 million, primarily due to higher volumes of hydrants[15] - The company raised its fiscal 2025 guidance for consolidated net sales to between $1,370 million and $1,390 million, representing a 4.2 percent to 5.7 percent increase compared to the prior year[23] - Net sales for the three months ended December 31, 2024, reached $304.3 million, a significant increase from $256.4 million in the same period of 2023, representing a growth of approximately 18.7%[44] Profitability Metrics - Gross profit for the same period was $103.0 million, representing a gross margin of 33.8%, compared to $86.3 million and a gross margin of 33.7% in the prior year[41] - The company reported an operating income of $47.4 million with an operating margin of 15.6%, compared to an operating income of $22.8 million and an operating margin of 8.9% in the prior year[44] - Adjusted EBITDA for the three months ended December 31, 2024, was $63.5 million, reflecting an adjusted EBITDA margin of 20.9%, compared to $44.8 million and a margin of 17.5% in the same quarter of 2023[44] Cash Flow and Capital Expenditures - Free cash flow decreased to $42.2 million from $62.2 million in the prior year quarter due to higher capital expenditures[21] - The company invested $11.9 million in capital expenditures during the quarter, up from $5.7 million in the prior year quarter[20] - Capital expenditures for the quarter totaled $11.9 million, up from $5.7 million in the same period last year, indicating increased investment in operations[44][46] - Free cash flow for the quarter was $42.2 million, after capital expenditures of $11.9 million, compared to a free cash flow of $62.2 million in the previous quarter[45][47] Financial Position - Cash and cash equivalents at the end of the period were $338.2 million, up from $216.7 million at the end of the same period last year[43] - Total current assets decreased slightly to $842.7 million from $858.4 million in the previous quarter[39] - Total liabilities decreased to $785.1 million from $825.8 million in the previous quarter, indicating improved financial health[39] - The company’s net debt at the end of the period was $111.3 million, with a net debt leverage ratio of 0.4x based on trailing twelve months' adjusted EBITDA[45] Operational Efficiency - Strategic reorganization and other charges for the quarter were $1.7 million, down from $6.6 million in the prior year, indicating improved operational efficiency[41] - Strategic reorganization and other charges amounted to $1.7 million, primarily related to leadership transition and severance expenses[45] - The company is transitioning operations to a new foundry in Decatur, Illinois, which is expected to enhance production capabilities and operational efficiencies[41] - The effective tax rate for adjusting items was reported at 22.9%, which may be subject to rounding[45]

Core Insights - Mueller Water Products, Inc. reported a strong financial performance for the first quarter of fiscal 2025, with net sales increasing by 18.7% to $304.3 million compared to $256.4 million in the prior year quarter [1][5][6] - The company achieved a reported net income of $35.3 million, a significant increase of 146.9% from $14.3 million in the prior year quarter, resulting in a net income margin of 11.6% [10][39] - Adjusted EBITDA rose by 41.7% to $63.5 million, with an improved adjusted EBITDA margin of 20.9% compared to 17.5% in the prior year quarter [11][39] Financial Performance - Net sales increased by $47.9 million, or 18.7%, primarily due to higher volumes and pricing across most product lines [6][12] - Operating income surged by 107.9% to $47.4 million, with an operating margin of 15.6%, up from 8.9% in the prior year quarter [7][39] - Adjusted operating income increased by 78.2% to $52.4 million, with an adjusted operating margin of 17.2%, compared to 11.5% in the prior year quarter [9][39] Segment Results - Water Flow Solutions segment net sales increased by 23.6% to $174.6 million, driven by higher volumes of iron gate and specialty valves [12][13] - Water Management Solutions segment net sales rose by 12.7% to $129.7 million, primarily due to increased volumes of hydrants [15][16] Cash Flow and Balance Sheet - Net cash provided by operating activities decreased to $54.1 million from $67.9 million in the prior year quarter, attributed to changes in working capital [20][22] - Free cash flow decreased to $42.2 million from $62.2 million, reflecting higher capital expenditures of $11.9 million compared to $5.7 million in the prior year [22][46] - As of December 31, 2024, total debt was $449.5 million, with cash and cash equivalents of $338.2 million, resulting in a debt leverage ratio of 1.5 times [23][24] Fiscal 2025 Outlook - The company raised its fiscal 2025 guidance for consolidated net sales to between $1,370 million and $1,390 million, representing a 4.2% to 5.7% increase compared to the prior year [24][25] - Adjusted EBITDA expectations for fiscal 2025 were increased to between $310 million and $315 million, indicating an 8.9% to 10.6% increase compared to the prior year [24][25]

Group 1 - Mueller Water Products, Inc. plans to release its financial results for the first quarter ended December 31, 2024, after U.S. markets close on February 4, 2025 [1] - A conference call to discuss earnings and business results will be held on February 5, 2025, at 9:30 a.m. ET, with a webcast available for interested parties [1] - The webcast will be archived for approximately 90 days following the call [1] Group 2 - Mueller Water Products, Inc. is a leading manufacturer and marketer of products and solutions for water transmission, distribution, and measurement in North America [2] - The company's product portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software for critical water system data [2] - Mueller Water Products aims to help municipalities increase operational efficiencies, improve customer service, and prioritize capital spending [2]

ATLANTA, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA), a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America, announced that it has named Melissa Rasmussen as its Senior Vice President and Chief Financial Officer (CFO) effective March 4, 2025 following a comprehensive search with the support of a leading executive search firm. Ms. Rasmussen is a seasoned financial executive with more than 25 ...

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This prestigious forum, hosted by the Guangdong Provincial People's Hospital and organized by leading medical and pharmaceutical associations in Guangdong, brought together top experts and healthcare professionals to advance standardized treatment protocols for thyroid diseases. Recognized as a premier platform for academic exchange and technological innovation, the event provided an invaluable opportunity to explore the latest advancements in thyroid care. As a sponsor, Baird Medical presented its advanced ...

Financial Performance Highlights - Q4 Net Sales increased by 15.5% year-over-year to $348.2 million[8, 11] - Full-year Net Sales reached $1,315 million, a 3.1% increase year-over-year[8, 11] - Q4 Gross Margin improved by 250 bps year-over-year to 31.8%[8, 11] - Full-year Gross Margin increased by 520 bps year-over-year to 34.9%[8, 11] - Q4 Adjusted EBITDA increased by 30.9% year-over-year, reaching $72.5 million[8, 12] - Full-year Adjusted Net Income per Diluted Share increased by 52.4% year-over-year to $0.96[8, 12] - Free Cash Flow for the full year was $191.4 million, a $130 million increase year-over-year[8, 15] Segment Performance (Q4 FY2024) - Water Flow Solutions (WFS) Net Sales increased by 24.0% year-over-year to $200.3 million, with Adjusted Operating Income increasing by 51.3% to $41.6 million[13] - Water Management Solutions (WMS) Net Sales increased by 5.7% year-over-year to $147.9 million, with Adjusted Operating Income increasing by 36.1% to $29.8 million[14] Fiscal Year 2025 Outlook - Net Sales are projected to be between $1,340 million and $1,360 million, representing a 1.9% to 3.4% year-over-year increase[18, 20] - Adjusted EBITDA is expected to be between $300 million and $305 million, a 5.4% to 7.1% year-over-year increase[19, 20]

ATLANTA, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) announced that its Board of Directors has declared an increase to the Company’s quarterly dividend by approximately 4.7% to $0.067 per share from $0.064, payable on or about November 20, 2024, to stockholders of record as of the close of business on November 8, 2024. About Mueller Water Products, Inc. Mueller Water Products, Inc. is a leading manufacturer and marketer of products and services used in the transmission, distri ...