Mueller Water Products Business Update; Announces Preliminary, Unaudited Q4 And FY23 Consolidated Results; Sees FY23 Net Sales $1.26B-$1.275B Vs $1.25B Est.
Portfolio Pulse from Benzinga Newsdesk
Mueller Water Products (MWA) has released its preliminary, unaudited Q4 and FY23 consolidated results. The company anticipates consolidated net sales to be between $1,260 million and $1,275 million, 1.0% to 2.2% higher than the prior year. Adjusted EBITDA is expected to be between $197 million and $203 million, 1.3% to 4.4% higher than the prior year. During FY23, approximately $48 million was returned to shareholders through dividends and common stock repurchases. As of September 30, 2023, total debt outstanding was approximately $447 million and cash and cash equivalents were approximately $160 million.
November 03, 2023 | 1:07 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Mueller Water Products anticipates higher FY23 net sales and adjusted EBITDA compared to the prior year. The company has also returned $48 million to shareholders during FY23.
The company's anticipated increase in net sales and adjusted EBITDA for FY23, as well as the return of $48 million to shareholders, indicates a positive financial performance. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100