DALLAS, Nov. 6, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Mueller Water Products Inc. (NYSE:MWA). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Mueller Water Products Inc. (NYSE:MWA) should be of particular interest to other fabricated products companies: United Technologies Corp. (NYSE:UTX), Caterpillar Inc. (NYSE:CAT), Deere & Co. (NYSE:DE) and ABB Ltd. (NYSE:ABB).
It is available at: http://www.investorsoup.com/lp/MWA
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Mueller Water Products Inc. (MWA) is a manufacturer and marketer of a range of water infrastructure, flow control, and piping component system products for use in water distribution networks and treatment facilities. The Company also acts as a distributor, especially in Canada, for products that are manufactured by other companies. The Company's product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe. The Company operates through three business segments: Mueller Co., U.S. Pipe and Anvil.
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In the report, the analyst notes:
"Net sales for the three months ended June 30, 2009, were $363.2 million compared to $528.5 million in the prior year period. Net sales decreased $176.0 million due to lower shipment volumes and $9.3 million due to unfavorable changes in Canadian currency exchange rates. These declines were partially offset by $20.0 million from price increases.
"Anvil International L.P., a wholly owned subsidiary of MWA and John Maneely Company have entered into a definitive purchase and sale agreement pursuant to which Anvil will sell certain of the assets of Picoma, its electrical fittings business, to JMC. Under the agreement, JMC will transfer certain of the assets of Seminole Tubular Products, its plumbing fittings business. The financial terms of the agreement were not disclosed. The companies expect the transaction to close in mid-November 2009, subject to customary closing conditions. Based in Waynesboro, Pennsylvania, Picoma manufactures electrical conduit fittings and couplings. Eighty-five employees are associated with the Picoma business."
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