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Mueller Water Products: Fiscal 1Q Earnings Snapshot

Feb 05, 2019 - Associated Press Financial Wire

ATLANTA (AP) _ Mueller Water Products Inc. (MWA) on Monday reported a fiscal first-quarter loss of $21 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Atlanta-based company said it had a loss of 13 cents. Earnings, adjusted for non-recurring costs, were 7 cents per share.

The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 7 cents per share.

The maker of fire hydrants, pipes and water valves posted revenue of $192.8 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $196.7 million...