Mueller Water Products reported net sales of $376.5 million for its fourth quarter 2026, slightly ahead of analyst expectations despite a softer residential construction market. The company also announced a strategic agreement to exit its metering business by transitioning it to ZENNER USA, a move intended to simplify the company's portfolio and focus resources on core higher-margin segments.
Key Highlights
- Net sales of $376.5 million beat estimates of $375.51 million, though they decreased 1.1% year-over-year due to lower volumes.
- Adjusted EPS reached $0.38, missing consensus estimates by one cent, while GAAP EPS was $0.33.
- Exiting the metering business is expected to provide an annualized adjusted EBITDA margin benefit of 100 to 140 basis points starting in fiscal 2027.
- The Board authorized a $300 million increase to the stock repurchase program and raised the quarterly dividend 14.3% to $0.08 per share.