Mueller Water Products, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 03, 2023 at 04:48 pm EDT
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Mueller Water Products, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported sales was USD 326.6 million compared to USD 333.2 million a year ago. Net income was USD 24.5 million compared to USD 26.5 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.17 a year ago.
For the nine months, sales was USD 974.3 million compared to USD 916 million a year ago. Net income was USD 68.3 million compared to USD 69.5 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.44 compared to USD 0.44 a year ago.
Mueller Water Products, Inc. is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company's product and service portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software technology that provides critical water system data. The Company operates through two segments: Water Flow Solutions and Water Management Solutions. Its Water Flow Solutions segment's portfolio includes iron gate valves, specialty valves and service brass products. Its Water Management Solutions segment's portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. Its brands include Canada Valve, Centurion, Echologics, Echoshore, ePulse, Ez-Max, Hersey, Hydro Gate, Hydro-Guard, HYMAX and others.
MUELLER WATER PRODUCTS, INC. 
