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Mueller Water Products: Fiscal 4Q Earnings Snapshot

·1 min read

ATLANTA (AP) _ Mueller Water Products Inc. (MWA) on Monday reported fiscal fourth-quarter net income of $26.7 million.

On a per-share basis, the Atlanta-based company said it had net income of 17 cents.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The maker of fire hydrants, pipes and water valves posted revenue of $265.3 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $262.3 million.

For the year, the company reported profit of $72 million, or 45 cents per share. Revenue was reported as $964.1 million.

Mueller Water Products shares have dropped almost 4% since the beginning of the year. In the final minutes of trading on Monday, shares hit $11.55, a climb of slightly more than 3% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MWA at https://www.zacks.com/ap/MWA