Mueller Water Products, Inc. announced that for its fiscal 2021 second quarter ended March 31, 2021, net sales were $267.5 million and net income was $20.9 million. During the 2021 second quarter, the company saw increased net sales 3.8% to $267.5 million as compared with $257.7 million in the prior year quarter.
“Overall, we delivered a solid second quarter performance resulting from our team members’ focus on satisfying increasing demand despite continuing and new external challenges from COVID-19 and inflation, especially material costs. Consolidated net sales exceeded our expectations as we reported a 3.8% increase in the quarter, which sequentially improved 12.7% versus the first quarter of 2021 and compares with a 10.1% increase in net sales in the second quarter of last year. The increase in net sales was 1.5%, excluding the benefit of the elimination of Krausz Industries’ one-month reporting lag which added $6.0 million to Infrastructure net sales,” said Scott Hall, President and CEO of Mueller Water Products.