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Mueller Water Products Reports Fourth Quarter and Full Year 2009 Results

Friday, November 06, 2009  
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Mueller Water Products, Inc. reported a net loss of $10.9 million in the quarter ended September 30, 2009, which included interest rate swap contract settlement costs of $6.3 million, a loss on early extinguishment of debt of $3.0 million and restructuring charges of $1.9 million.

Net sales for the 2009 fourth quarter of $374.8 million declined $122.1 million from $496.9 million for the 2008 fourth quarter due to lower shipment volumes of $105.3 million across all business segments. In addition, unfavorable Canadian currency exchange rates reduced net sales by $4.5 million. More…

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