05142021Fri
Last updateWed, 12 May 2021 8pm

Valve Manufacturing

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. 

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