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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.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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