Mueller Water Products
The 10-second takeaway
For the quarter ended June 30 (Q3), Mueller Water Products met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share improved.
Margins increased across the board.
Mueller Water Products reported revenue of $275.9 million. The eight analysts polled by S&P Capital IQ looked for a top line of $274.1 million on the same basis. GAAP reported sales were 25% lower than the prior-year quarter's $366.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.05. The seven earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS were $0.06 for Q3 versus -$0.02 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.9%, 970 basis points better than the prior-year quarter. Operating margin was 9.6%, 530 basis points better than the prior-year quarter. Net margin was 3.6%, 430 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $274.0 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $1.07 billion. The average EPS estimate is $0.04.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mueller Water Products is outperform, with an average price target of $3.56.
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