Broadcom named strategic vendor for Walmart virtualization solutions
Mueller Water Products, Inc. (NYSE:MWA) reported Q3 EPS of $0.19, $0.01 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $333.2 million versus the consensus estimate of $330.31 million.
Full-Year Fiscal 2022 Outlook:
For the full-year fiscal 2022, the Company is narrowing its expectations for consolidated net sales growth to be between 11 and 12 percent as compared with the prior year, which takes into account the current expectations for orders, price realization and end market demand. The Company expects adjusted EBITDA to be comparable to the prior year and to generate positive free cash flow for the full year. These expectations also assume that challenges associated with higher inflation, manufacturing performance and supply chain disruptions continue in the fourth quarter of fiscal 2022.
The Company’s expectations for certain financial metrics for the full-year fiscal 2022 are as follows:
- Total SG&A expenses between $240 million and $245 million.
- Net interest expense between $17 million and $18 million.
- Effective income tax rate between 22 percent and 24 percent.
- Depreciation and amortization between $60 million and $61 million.
- Capital expenditures between $50 million and $55 million.