Mueller Water Products: Fiscal 1Q Earnings Snapshot
ATLANTA (AP) _ Mueller Water Products Inc. (MWA) on Monday reported a fiscal first-quarter loss of $21 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Atlanta-based company said it had a loss of 13 cents. Earnings, adjusted for non-recurring costs, were 7 cents per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.
The maker of fire hydrants, pipes and water valves posted revenue of $192.8 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $196.7 million.
Mueller Water Products shares have increased 9 percent since the beginning of the year. The stock has declined 13 percent in the last 12 months.