Mueller Water Products (MWA +12.7%) rises after posting a solid revenue beat and swinging to a...

|About: Mueller Water Products, Inc. (MWA)|By:, SA News Editor

Mueller Water Products (MWA +12.7%) rises after posting a solid revenue beat and swinging to a FQ2 profit of $0.05 per share (the company reported a net loss of $0.70 per share in 2012's Q2). Overall, sales increased 12.6% Y/Y, while revenues in the Mueller Co. segment jumped 21.7% as shipment volumes of valves, hydrants, and brass products all rose — operating margins in the unit climbed 670 basis points. The Anvil segment's results were in line with internal estimates but "could see some improvement" in H2. (PR)