Mueller Water Products Reports Fourth Quarter and Full Year 2009 Results
Friday, November 6, 2009
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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