Mueller Water Products: Fiscal 4Q Earnings Snapshot
ATLANTA (AP) _ Mueller Water Products Inc. (MWA) on Tuesday reported fiscal fourth-quarter profit of $40.2 million.
On a per-share basis, the Atlanta-based company said it had profit of 25 cents. Earnings, adjusted for non-recurring gains, came to 19 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The maker of fire hydrants, pipes and water valves posted revenue of $266.9 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $278.7 million.
For the year, the company reported profit of $63.8 million, or 40 cents per share. Revenue was reported as $968 million.
Mueller Water Products shares have climbed 35% since the beginning of the year. The stock has climbed 13% in the last 12 months.