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Jun 30, 2023
Mueller Q3 2023 Earnings Report
Reported net sales of $326.6 million and net income per diluted share of $0.16.
Key Takeaways
Mueller Water Products reported a decrease in net sales to $326.6 million compared to $333.2 million in the prior year quarter. Net income per diluted share was $0.16, and adjusted net income per diluted share was $0.18. The company is revising its annual guidance for 2023 due to a prolonged inventory correction and lower order rates.
Net sales decreased to $326.6 million from $333.2 million in the prior year quarter.
Operating income decreased to $35.6 million from $36.9 million in the prior year quarter.
Net income was $24.5 million, compared to $26.5 million in the prior year quarter.
Adjusted EBITDA was $54.4 million, compared to $57.8 million in the prior year quarter.
Mueller
Mueller
Mueller Revenue by Segment
Revenue by Segment
Water Flow Solutions Revenue
CapyFin.comWater Management Solutions Revenue
CapyFin.com Forward Guidance
The Company anticipates annual consolidated net sales will be between flat and down 2 percent compared with the prior year and adjusted EBITDA will be between flat and down 5 percent compared with the prior year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income