MWA - Why Shares in This Water Infrastructure Company Soared This Week
2024-05-10 10:36:38 ET
Shares in Mueller Water Products (NYSE: MWA) rose 18.1% in the week as of Friday morning. The move comes after an excellent set of first-quarter 2024 earnings released at the start of the week.
Mueller generates 60%-65% of its sales from the municipal water infrastructure market, with 25%-30% from residential construction and 10% from natural gas utilities and industrial applications.
Sales are split roughly 50/50 between the water flow solutions (iron gate valves, specialty valves, and services products) and water management solutions (fire hydrants, metering, leak detection, and pressure-management solutions).
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Why Shares in This Water Infrastructure Company Soared This Week