Mueller Water Products Sees FY24 Consolidated Net Sales Flat To Down 2%, Increases Adj. EBITDA Expectations To Increase 23-27%
Portfolio Pulse from Benzinga Newsdesk
Mueller Water Products anticipates FY24 consolidated net sales to be flat or decrease by up to 2%, while adjusting its EBITDA expectations to an increase of 23-27%.
May 06, 2024 | 8:36 pm
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Mueller Water Products projects FY24 net sales to remain steady or slightly decline, but anticipates a significant increase in adjusted EBITDA by 23-27%.
The projection of flat to slightly declining sales might initially concern investors, but the significant increase in adjusted EBITDA expectations suggests operational efficiency and potentially higher profitability. This mixed outlook could lead to a cautiously optimistic view among investors, potentially driving a positive short-term impact on MWA's stock price.
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