Mueller Water Products: Fiscal 3Q Earnings Snapshot
ATLANTA (AP) _ Mueller Water Products Inc. (MWA) on Monday reported fiscal third-quarter net income of $15.3 million.
The Atlanta-based company said it had net income of 10 cents per share. Earnings, adjusted for one-time gains and costs, came to 19 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 19 cents per share.
The maker of fire hydrants, pipes and water valves posted revenue of $250.2 million in the period, exceeding Street forecasts. Six analysts surveyed by Zacks expected $246.8 million.
Mueller Water Products shares have fallen slightly since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.49, a climb of nearly 1 percent in the last 12 months.