Mueller Water reports Q1 EPS 22c, consensus 19c

Reports Q1 revenue $304.3M, consensus $293.12M. “We are pleased with the strong start to our fiscal year, with net sales growth exceeding our expectations as we experienced healthy order levels supported by resilient end-market demand and our focus on delivering outstanding customer service. Our disciplined execution on higher volumes led to a record first quarter adjusted EBITDA and more than a 300 basis point year-over-year improvement in our adjusted EBITDA margin,” said Martie Edmunds Zakas, CEO of Mueller Water (MWA) Products.