NYSE$MWA

Mueller Water Products Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported record net sales with a 7.3 percent increase primarily due to continued improvement in price realization across most product lines.

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.

Headline financials

Total Revenue

$333M

Previous: $311M+7.3%
EPS (adj)

$0.19

Previous: $0.18+5.6%
Free Cash Flow

$26.5M

Previous: $14.4M+84.0%
Net Income

$26.5M

Previous: $14.4M+84.0%
Operating Income

$36.9M

Previous: $42.7M-13.6%
Gross Profit

$98.3M

Previous: $105M-6.7%
Cash & Equivalents

$229M

Previous: $229M+0.0%
Total Assets

$1.51B

Previous: $1.48B+1.7%
Stock-Based Comp

$2.2M

Previous: $2.7M-18.5%

Revenue & EPS history

Mueller · Revenue · Quarterly

$333M

Q3 2022+7.3%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Mueller · $333M total across 2 segments · Q3 2022

  • Water Flow Solutions
    $196M
  • Water Management Solutions
    $137M

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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+1.7%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+0.8%

Avg return

30 days after

63%

41 / 65 earnings

Positive

+16.7%

Q1 2025

Best reaction

-12.8%

Q1 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+1.8%-6.4%-8.1%
Q1 2026+1.5%+7.0%+1.5%
Q4 2025-4.4%-5.9%-1.8%
Q2 2025-6.3%-9.4%-9.9%
Q1 2025+16.7%+16.6%+8.5%
Q4 2024+6.2%+14.5%+11.5%
Q3 2024+2.2%+1.1%+2.8%
Q2 2024+11.0%+18.7%+9.5%
Q1 2024+10.8%+10.4%+14.5%
Q4 2023+7.4%+3.5%+0.9%
Q3 2023-10.8%-13.3%-11.0%
Q2 2023-6.4%-9.2%+3.5%
Q1 2023+7.5%+6.8%+8.2%
Q4 2022-1.7%-2.6%-0.3%
Q3 2022-9.3%-10.4%-15.6%
Q2 2022-3.0%+0.1%-0.2%
Q1 2022+0.4%+4.2%-2.3%
Q4 2021-8.5%-13.0%-15.3%
Q3 2021+2.7%+1.1%+7.4%
Q2 2021+1.9%+3.6%+0.5%
Q1 2021+2.4%+6.1%+8.6%
Q4 2020+7.7%+7.3%+13.4%
Q3 2020+6.9%+8.8%+5.0%
Q2 2020-4.6%-4.5%+3.7%
Q1 2020+3.5%+1.2%-4.6%
Q4 2019-5.1%-7.4%-2.1%
Q3 2019+3.8%+0.4%+2.0%
Q2 2019-12.8%-15.2%-12.0%
Q1 2019+6.5%+3.6%+3.9%
Q4 2018+7.3%+6.2%-4.4%
Q3 2018-5.4%-5.7%-7.5%
Q2 2018+15.4%+20.7%+23.7%
Q1 2018-2.4%-4.6%-5.5%
Q4 2017+3.7%+2.3%+3.4%
Q3 2017+6.7%+4.6%+5.0%
Q2 2017-11.9%-12.2%-12.6%
Q1 2017+0.3%-6.6%-9.2%
Q4 2016-11.8%-9.0%+9.9%
Q3 2016+4.9%+7.9%+7.7%
Q2 2016+6.1%
Q1 2016+5.9%
Q4 2015-2.1%
Q3 2015+5.8%
Q2 2015-5.5%
Q1 2015-12.8%
Q4 2014+9.7%
Q3 2014+14.8%
Q2 2014-3.0%
Q1 2014+10.0%
Q4 2013+4.4%
Q3 2013+6.2%
Q2 2013+11.4%
Q1 2013-1.3%
Q4 2012+9.7%
Q3 2012+3.1%
Q2 2012+3.1%
Q1 2012-1.4%
Q4 2009+10.3%
Q3 2010+2.9%
Q3 2011+2.9%
Q2 2011+1.7%
Q2 2010+1.7%
Q1 2011-1.5%
Q1 2010-1.5%
Q4 2010-1.5%

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