Mueller Water Q3 sales, profit beat estimates on higher prices, lower costs

Mueller Water Products

05/08/2026 21:52

Overview
US water infrastructure supplier's fiscal Q3 net sales rose 4.1%, beating analyst expectations
Adjusted EPS for fiscal Q3 was $0.50, beating analyst expectations
Adjusted EBITDA for fiscal Q3 rose 24.3%, beating analyst expectations

Outlook
Mueller Water Products narrows fiscal 2026 net sales guidance to $1.47 bln-$1.48 bln
Company raises fiscal 2026 adjusted EBITDA forecast to $367 mln-$372 mln
Mueller Water Products expects free cash flow as percentage of adjusted net income to exceed 70% in fiscal 2026

Result Drivers
HIGHER PRICING - Co said increased pricing across most product lines was the main driver of net sales growth, partially offsetting lower volumes
TARIFF REFUNDS - Co said tariff refunds contributed to improved margins and profitability
LOWER SG&A EXPENSES - Co said reduced SG&A expenses, including lower foreign currency headwinds and incentive-based compensation, supported operating income growth

Company press release: ID:nGNX3bZz97

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$395.90 mln
$391.30 mln (5 Analysts)
Q3 Adjusted EPS
Beat
$0.50
$0.39 (6 Analysts)
Q3 Net Income
 
$67.30 mln
 
Q3 Adjusted EBITDA
Beat
$107.40 mln
$96.81 mln (5 Analysts)
Q3 Adjusted Operating Income
Beat
$94.90 mln
$84.32 mln (5 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Mueller Water Products, Inc. is $31.78, about 19.5% above its August 4 closing price of $26.60
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads
Aug 4 - Select Water Solutions Q2 revenue beats on Water Infrastructure segment growth
Aug 5 - Regal Rexnord Q2 adjusted EPS beats on tariff refund benefit
Aug 4 - Essential Utilities Q2 adjusted EPS beats estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)