Mueller Water Products Reports Fiscal Second Quarter 2009 Results
Thursday, May 7, 2009
Mueller Water Products, Inc. reported net sales of $322.2 million and a net loss of $566.8 million in the quarter ended March 31, 2009, which included impairment charges of $570.9 million and restructuring charges of $42.2 million.
Net sales for the Mueller Co. segment of $114.8 million in the 2009 second quarter declined from 2008 second quarter net sales of $168.9 million. Lower shipment volumes of $62.2 million were partially offset by higher pricing of $9.6 million. Shipment volumes of iron gate valves, fire hydrants and brass service products in the quarter were below the prior year period. More…
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