Overview

* Mueller fiscal Q3 net sales rise 6.6%, beating analyst expectations, per LSEG data

* Adjusted EPS meets analyst estimates, adjusted EBITDA beats expectations

* Co raises annual guidance for fiscal 2025 net sales and adjusted EBITDA

Outlook

* Mueller raises fiscal 2025 net sales guidance to $1,405 mln-$1,415 mln

* Company expects fiscal 2025 adjusted EBITDA of $318 mln-$322 mln

* Mueller maintains fiscal 2025 free cash flow to exceed 80% of adjusted net income

Result Drivers

* VOLUME INCREASE - Co attributes net sales growth to increased volumes across most product lines

* HIGHER PRICING - Higher pricing contributed to the increase in net sales

* MANUFACTURING EFFICIENCIES - Improved manufacturing efficiencies helped boost gross margins despite higher tariffs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $380.30 $367.50

mln mln (6

Analysts

)

Q3 Meet $0.34 $0.34 (6

Adjusted Analysts

EPS )

Q3 Net $52.50

Income mln

Q3 Beat $86.40 $86.10

Adjusted mln mln (5

EBITDA Analysts

)

Q3 Beat $74.70 $71.30

Adjusted mln mln (5

Operatin Analysts

g Income )

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

* Wall Street's median 12-month price target for Mueller Water Products Inc ( MWA ) is $29.00, about 16.4% above its August 1 closing price of $24.24

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)