Mueller Water Products
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Mueller Water Products beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share grew.
Gross margins contracted, operating margins expanded, net margins grew.
Mueller Water Products reported revenue of $245.1 million. The eight analysts polled by S&P Capital IQ looked for revenue of $231.1 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $215.4 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 -$0.02. The seven earnings estimates compiled by S&P Capital IQ forecast -$0.01 per share. GAAP EPS were $0.04 for Q1 against -$0.08 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 23.3%, 120 basis points worse than the prior-year quarter. Operating margin was 3.1%, 20 basis points better than the prior-year quarter. Net margin was 2.9%, 840 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $268.3 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $1.09 billion. The average EPS estimate is $0.17.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mueller Water Products is hold, with an average price target of $5.50.
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