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Mueller Water Products Reports Fiscal 2012 Second Quarter Results

Mueller Water Products, Inc. reported net sales of $251.5 million and a net loss of $109.8 million ($0.70 per diluted share) for the fiscal 2012 second quarter ended March 31, 2012, the net loss due almost entirely to the sale of its U.S. Pipe business.

Mueller Co. net sales for the 2012 second quarter of $154.5 million increased 3.8% from the 2011 second quarter of $148.9 million due to higher shipment volumes and higher prices in the base business as well as at Mueller Systems and Echologics. The increase in shipment volumes in Mueller Co.'s base business, which excludes Mueller Systems and Echologics, was primarily due to higher shipments of domestic valves and hydrants.

Net sales in the Anvil International segment for the 2012 second quarter of $97.0 million increased 12% from the 2011 second quarter of $86.6 million due to higher shipment volumes and higher prices. Net sales were higher across all of Anvil's businesses, especially oil & gas and fire protection.

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Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

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