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Jun 30, 2022
Mueller Q3 2022 Earnings Report
Reported record net sales with a 7.3 percent increase primarily due to continued improvement in price realization across most product lines.
Key Takeaways
Mueller Water Products reported a 7.3 percent increase in net sales, reaching $333.2 million, and a net income of $26.5 million for the third quarter of 2022. The company's performance was driven by improved price realization, which offset inflationary pressures. However, the company faced operational headwinds, including supply chain disruptions and unfavorable manufacturing performance.
Net sales increased by 7.3 percent to $333.2 million compared to the prior year quarter.
Net income increased 84.0 percent to $26.5 million compared to the prior year quarter.
Adjusted net income per diluted share increased 5.6 percent to $0.19 compared to $0.18 in the prior year quarter.
The company expects to deliver its second consecutive year of double-digit consolidated net sales growth.
Mueller
Mueller
Mueller Revenue by Segment
Revenue by Segment
Water Flow Solutions Revenue
CapyFin.comWater Management Solutions Revenue
CapyFin.com Forward Guidance
For the full-year fiscal 2022, the Company is narrowing its expectations for consolidated net sales growth to be between 11 and 12 percent as compared with the prior year, which takes into account the current expectations for orders, price realization and end market demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income