Mueller Q3 sales beat estimates, raises FY guidance
Overview
Mueller fiscal Q3 net sales rise 6.6%, beating analyst expectations, per LSEG data
Adjusted EPS meets analyst estimates, adjusted EBITDA beats expectations
Co raises annual guidance for fiscal 2025 net sales and adjusted EBITDA
Outlook
Mueller raises fiscal 2025 net sales guidance to $1,405 mln-$1,415 mln
Company expects fiscal 2025 adjusted EBITDA of $318 mln-$322 mln
Mueller maintains fiscal 2025 free cash flow to exceed 80% of adjusted net income
Result Drivers
VOLUME INCREASE - Co attributes net sales growth to increased volumes across most product lines
HIGHER PRICING - Higher pricing contributed to the increase in net sales
MANUFACTURING EFFICIENCIES - Improved manufacturing efficiencies helped boost gross margins despite higher tariffs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $380.30 mln | $367.50 mln (6 Analysts) |
Q3 Adjusted EPS | Meet | $0.34 | $0.34 (6 Analysts) |
Q3 Net Income | $52.50 mln | ||
Q3 Adjusted EBITDA | Beat | $86.40 mln | $86.10 mln (5 Analysts) |
Q3 Adjusted Operating Income | Beat | $74.70 mln | $71.30 mln (5 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "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 $29.00, about 16.4% above its August 1 closing price of $24.24
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago
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