- Published on Thursday, 01 August 2013 12:10
- Written by Chris Guy
Mueller Water Products, Inc. reported net sales for the 2013 third quarter increased $23.5 million, or 8.5%, to $299.4 million from 2012 third quarter net sales of $275.9 million, due primarily to higher shipment volumes.
Adjusted operating income for the 2013 third quarter increased 25.4% to $33.1 million from adjusted operating income of $26.4 million for the 2012 third quarter. This increase was driven primarily by higher shipment volumes and higher sales prices. Selling, general and administrative expenses increased in the quarter but declined as a% of net sales to 19.0% for the 2013 third quarter from 19.3% for the 2012 third quarter.