Seeking Alpha

Mueller Water Products jumps after FQ3 results

  • Mueller Water Products (MWA +3.7%) rises after the company's quarterly profit meets Street expectations.
  • Net sales growth for FQ3 comes in at 8.5%, while operating income jumps 25.4%.
  • Free cash flow, which was negative in Q2 2012, is $37.7M.
  • CEO Gregory Hyland says FQ3 was "the best overall quarter in the past five years." (PR)
  • Janney Montgomery reportedly upgrades the shares to Buy from Neutral.
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