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Mueller Water Products Inc (MWA.N)

MWA.N on New York Stock Exchange

12.20USD
19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Mueller Water Products says CFO ‍Evan Hart to retire on Dec 31, 2017​
Thursday, 7 Sep 2017 04:06pm EDT 

Sept 8 (Reuters) - Mueller Water Products Inc :Mueller Water Products Inc announces strategic reorganization and restructuring to drive innovation, accelerate growth and reduce costs.Mueller Water Products Inc - ‍projected annual cost savings of approximately $7 million from restructuring​.Mueller Water Products Inc - ‍under new organizational structure, engineering, operations, sales & marketing and other functions will be centralized​.Mueller Water Products Inc - ‍Evan Hart, senior vice president and chief financial officer, will retire as of December 31, 2017​.Mueller Water Products Inc - expected permanent elimination of about 35 full-time positions between now and end of December​.Mueller Water Products Inc - expects to incur about $11 million in restructuring charges associated with reorganization, which will include charge in current quarter.Mueller Water Products Inc - ‍Marietta Edmunds Zakas will take over as company's cfo immediately following Hart's retirement​.Mueller Water Products Inc - ‍company will begin to implement restructuring immediately, and reorganization is expected to be in place by October 1.​.  Full Article

Mueller Water Products posts Q3 income per share $0.15​
Thursday, 3 Aug 2017 04:55pm EDT 

Aug 3 (Reuters) - Mueller Water Products Inc :Mueller Water Products reports 2017 third quarter results.Q3 sales $232.2 million versus I/B/E/S view $235.1 million.Mueller Water Products Inc - ‍for Q4, expect consolidated net sales percentage growth to improve year-over-year to mid-single digits​.Mueller Water Products Inc qtrly ‍net income per diluted share $0.15​.Mueller Water Products Inc - ‍higher material costs represented stronger-than-expected headwinds in quarter, offsetting all of productivity gains.​.  Full Article

Mueller Water Products reports Q2 earnings per share $0.45
Thursday, 27 Apr 2017 05:10pm EDT 

April 27 (Reuters) - Mueller Water Products Inc -:Mueller Water Products reports 2017 second quarter results.Q2 sales $199.7 million versus $197.2 million.Q2 earnings per share $0.45.Q2 adjusted earnings per share $0.09 from continuing operations.Qtrly adjusted earnings per share from continuing operations $0.09."continue to expect year-over-year growth in 2017 from demand for our products in our addressed water markets".Q2 earnings per share view $0.09, revenue view $206.1 million -- Thomson Reuters I/B/E/S.  Full Article

Mueller Water Products Q1 EPS $0.04
Thursday, 2 Feb 2017 04:36pm EST 

Mueller Water Products Inc : Mueller water products reports 2017 first quarter results . Q1 sales $167.2 million versus i/b/e/s view $181.4 million . Q1 earnings per share $0.04 . Q1 earnings per share view $0.05 -- Thomson Reuters I/B/E/S . Says authorized up to $250 million share repurchase . Company's board of directors increased quarterly dividend by 33 percent to $0.04 per share . Board also appointed J. Scott Hall as president and chief executive officer, effective january 23, 2017 .Hall succeeds Gregory E. Hyland, who has transitioned to role of executive chairman.  Full Article

Mueller Water Products to acquire Singer Valve
Monday, 30 Jan 2017 08:33am EST 

Mueller Water Products Inc : Mueller Water Products to acquire singer valve . Mueller Water Products Inc - deal for c$34 million in cash. .Mueller water Products Inc - once transaction has closed, singer valve will become part of mueller water products' Mueller Co. operating segment.  Full Article

Mueller Water Products says announces sale of Anvil International
Monday, 9 Jan 2017 06:33am EST 

Mueller Water Products Inc : Mueller water products announces sale of anvil international . Mueller water products inc - has authorized total share repurchases of up to $250 million which incorporates current authorization. . Mueller water products inc - deal for $315 million . Mueller water products inc - board of directors has increased company's quarterly dividend by 33 percent to $0.04 per share . Mueller water products inc - named j. Scott hall president and chief executive officer . Mueller water products inc - hyland will continue with company as executive chairman. . Mueller water products inc - new ceo j. Scott hall was formerly president and ceo of textron inc.'s industrial segment .Mueller water products inc - sold its anvil international division to one equity partners.  Full Article

Mueller Water Products Q3 EPS $0.09
Wednesday, 3 Aug 2016 05:23pm EDT 

Mueller Water Products Inc : Qtrly net sales increased 3.0 percent to $310.1 million from $301.0 million in prior year period . Other charges in 2016 q3 were mostly related to an idle foundry property. . Expect that future expenses related to idle foundry property will be immaterial. . On track to meet our overall full-year earnings expectations for mueller water products . Mueller water products inc qtrly earnings per share $0.09 . Q3 revenue view $316.1 million -- Thomson Reuters I/B/E/S .Q3 earnings per share view $0.17, revenue view $316.1 million -- Thomson Reuters I/B/E/S.  Full Article

Mueller Water Products amended its credit agreement on July 13
Tuesday, 19 Jul 2016 04:44pm EDT 

Mueller Water Products Inc : Amendment to extend maturity date to July 2021 (from December 2017) . On july 13, 2016, Mueller Water Products, Inc amended its asset based lending credit agreement - SEC filing .Amendment to also increase general limit on company's ability to issue cash dividends to $35 million (from $15 million).  Full Article

Mueller Water Products Increases Quarterly Dividend
Thursday, 31 Mar 2016 05:51pm EDT 

Mueller Water Products, Inc:declared a quarterly dividend of $0.03 per share.payable on or about May 20, 2016, to stockholders of record as of the close of business on May 10, 2016.The dividend represents a 50 percent increase from the previous quarter’s dividend of $0.02 per share.  Full Article

BRIEF-Mueller Water Products says CFO ‍Evan Hart to retire on Dec 31, 2017​

* Mueller Water Products Inc announces strategic reorganization and restructuring to drive innovation, accelerate growth and reduce costs