Mueller Water Products Q4 2024 Financial Highlights

Revenue:

* $304.3 million, beating analyst estimates by 5.4%
* 18.7% year-over-year growth

Earnings:

* Adjusted EPS: $0.25, exceeding consensus by 29.3%
* Non-GAAP EPS: $0.25, surpassing estimates by 29.3%

Profitability:

* Adjusted EBITDA: $63.5 million, outperforming estimates by 11.3%
* Operating Margin: 15.6%, up from 8.9% in Q4 2023
* Adjusted EBITDA Margin: 20.9%

Guidance:

* Full-year revenue projection: $1.38 billion at midpoint, 1.8% above estimates
* Full-year EBITDA forecast: $312.5 million at midpoint, surpassing analyst expectations

Key Trends:

* Focus on innovation and customer service
* Demand for water infrastructure products driven by conservation and groundwater depletion
* Challenges in industrial production can impact company performance

Sales Growth:

* 6.6% annualized growth rate over the past five years
* 2.8% annualized revenue growth in the last two years
* 18.7% year-over-year revenue growth in Q4 2024

Profitability:

* Solid operating margin at 11.6% over the past five years
* Improvement of 2.6 percentage points in operating margin over the last five years
* Operating margin of 15.6% in Q4 2024

Earnings Per Share:

* 11.7% annualized growth rate over the past five years
* Expansion of operating margin as a key driver of EPS growth
* EPS of $0.25 in Q4 2024, beating estimates
* Projected EPS of $1.08 for full-year 2025, representing a 9.9% growth

Conclusion:

Mueller Water Products reported strong results in Q4 2024, exceeding analyst expectations and raising its full-year guidance. The company's focus on customer service and innovation continues to drive growth in the water infrastructure sector.