What Happened?
Shares of water infrastructure products manufacturer Mueller Water Products jumped 7.1% in the afternoon session after the company reported strong third-quarter financial results that beat Wall Street expectations and raised its full-year outlook.
The water infrastructure company posted record quarterly net sales of $380.3 million, a 6.6% increase from the prior year, which surpassed analyst estimates. This growth resulted from increased volumes across most product lines and higher pricing. The company’s profitability also strengthened as its gross margin improved. Following the strong performance, management lifted its full-year forecast for both net sales and adjusted EBITDA, signaling confidence in its operational efficiency and future outlook.
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What Is The Market Telling Us
Mueller Water Products’s shares are not very volatile and have only had 9 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
Mueller Water Products is up 14.3% since the beginning of the year, but at $25.51 per share, it is still trading 9.7% below its 52-week high of $28.24 from March 2025. Investors who bought $1,000 worth of Mueller Water Products’s shares 5 years ago would now be looking at an investment worth $2,413.
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