Mueller Water Products
The 10-second takeaway
For the quarter ended March 31 (Q2), Mueller Water Products beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share expanded. GAAP earnings per share grew.
Margins increased across the board.
Mueller Water Products booked revenue of $283.1 million. The nine analysts polled by S&P Capital IQ looked for net sales of $269.5 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $251.5 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 10 earnings estimates compiled by S&P Capital IQ averaged $0.02 per share. Non-GAAP EPS were $0.05 for Q2 compared to -$0.01 per share for the prior-year quarter. GAAP EPS were $0.04 for Q2 against -$0.70 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 27.3%, 260 basis points better than the prior-year quarter. Operating margin was 8.7%, 410 basis points better than the prior-year quarter. Net margin was 2.2%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $299.7 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $1.12 billion. The average EPS estimate is $0.14.
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 $6.43.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.