Mueller Water Products, Inc. Provides Consolidated Sales Guidance for the First Quarter and Full Fiscal Year 2024
December 13, 2023 at 04:33 pm EST
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Mueller Water Products, Inc. provided consolidated sales guidance for the first quarter and full fiscal year 2024. For the first quarter of fiscal 2024, the Company anticipates its consolidated net sales to range between $245 million and $255 million.
The company expects to face volume headwinds in fiscal 2024 relative to the prior year and anticipates that consolidated net sales will decrease between 3% and 8% as compared with fiscal 2023. For fiscal 2024, consolidated net sales seasonality is expected to be closer to pre-pandemic patterns. For example, net sales for the first half of the fiscal year averaged approximately 45% of consolidated net sales for the 5-year period from 2015 to 2019.
Mueller Water Products, Inc. is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company's product and service portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software technology that provides critical water system data. The Company operates through two segments: Water Flow Solutions and Water Management Solutions. Its Water Flow Solutions segment's portfolio includes iron gate valves, specialty valves and service brass products. Its Water Management Solutions segment's portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. Its brands include Canada Valve, Centurion, Echologics, Echoshore, ePulse, Ez-Max, Hersey, Hydro Gate, Hydro-Guard, HYMAX and others.
MUELLER WATER PRODUCTS, INC. 
