Mueller Water Products Increases Fiscal 2024 Sales Expectations To $1.285B-$1.295B, Up 0.7%-1.5% From FY 2023; Adjusted EBITDA Expected To Rise 34.1%-36.1% To $271M-$275M; Free Cash Flow As Percentage Of Adjusted Net Income Expected To Exceed 85%
Portfolio Pulse from Benzinga Newsdesk
Mueller Water Products has increased its fiscal 2024 sales expectations to $1.285 billion to $1.295 billion, representing a 0.7% to 1.5% increase from FY 2023. The company also expects adjusted EBITDA to rise by 34.1% to 36.1%, reaching $271 million to $275 million. Additionally, free cash flow as a percentage of adjusted net income is expected to exceed 85%.
August 05, 2024 | 8:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Mueller Water Products has increased its fiscal 2024 sales expectations to $1.285 billion to $1.295 billion, representing a 0.7% to 1.5% increase from FY 2023. The company also expects adjusted EBITDA to rise by 34.1% to 36.1%, reaching $271 million to $275 million. Additionally, free cash flow as a percentage of adjusted net income is expected to exceed 85%.
The increase in sales expectations and significant rise in adjusted EBITDA indicate strong financial performance and growth prospects for Mueller Water Products. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100