Last updateThu, 06 May 2021 8pm

Mueller Water Products Reports 2021 Second Quarter Results

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. 

Richards Industrials Acquires Equilibar LLC

Richards Industrials is pleased to announce the acquisition of Equilibar LLC. Headquartered in Fletcher, NC, Equilibar offers a wide range of back pressure, vacuum, and electronic regulators, as well as specialty valves and other fluid control products. Equilibar’s unique, patented, dome-loaded multiple orifice technology provides best-in-class fluid control for some of the most challenging applications in the world.

“Equilibar’s product technology and problem-solving capabilities are unparalleled. The team’s impressive track record of innovation will bolster our existing pipeline of new products,” said Jordan Bast, President and CEO of Richards Industrials. 

Victaulic Reopens Lawrenceville, PA Manufacturing Facility

Victaulic, after purchasing a 220,000-square-foot manufacturing plant in Lawrenceville, PA, celebrated with a grand reopening. The foundry will provide the scale and capacity necessary to continue Victaulic’s growth plans as business demands increase. Most importantly, it will allow Victaulic to service North American customers as a major aspect of its business strategy has always been to manufacture products in close proximity to customers. The facility, including two foundry molding lines, will also enable Victaulic to produce larger scale products. 

Emerson Helps Neste Rapidly Increase Production of Biofuels

Emerson has been selected to support Neste’s digital transformation of its expanded refinery in Tuas, Singapore. Emerson’s automation systems and software will support Neste’s plans to increase production by up to 1.3 million tons per annum by 2023.

Neste is the world’s largest producer for renewable diesel and sustainable aviation fuel produced from renewable waste and residue raw materials. At the end of 2018, Neste made a strategic decision to expand its production facility in Singapore via the Singapore Expansion Project. 

Emerson Accepting Applications for ASCO Engineering Scholarship

Emerson reminds U.S. college students to apply, by May 31, to its 2021 ASCO Engineering Scholarship Program.

The merit-based scholarships reward excellence in education and service, and the potential for leadership and contributions to the engineering, instrumentation, systems, and automation professions. In its 14th year, the scholarship program is a key part of Emerson's strong commitment to supporting quality, accessible STEM (science, technology, engineering, and math) education and experience to students from elementary school to university.

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