ATLANTA (AP) — Mueller Water Products Inc. (MWA) on Monday reported fiscal second-quarter net income of $20.9 million.
The Atlanta-based company said it had net income of 13 cents per share. Earnings, adjusted for one-time gains and costs, were 14 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The maker of fire hydrants, pipes and water valves posted revenue of $267.5 million in the period.
Mueller Water Products shares have climbed 17% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.50, a climb of 55% in the last 12 months.