04:37 AM EDT, 05/07/2024 (MT Newswires) -- Mueller Water Products ( MWA ) reported fiscal Q2 adjusted earnings late Monday of $0.30 per diluted share, up from $0.14 a year earlier.

Analysts polled by Capital IQ expected $0.15 per share.

Net sales for the quarter ended March 31 were $353.4 million, up from $332.9 million a year earlier. Analysts surveyed by Capital IQ expected $299.6 million.

For 2024, the company now expects net sales to be between flat and down 2% from a year earlier, or a range of about $1.25 billion to about $1.28 billion. That compares with the previous guidance for a decline of 2% to 6%. Analysts polled by Capital IQ expect $1.22 billion.

Price: 19.49, Change: +2.94, Percent Change: +17.76