Best Performing Stocks To Invest In Right Now: Mueller Water Products Inc (MWA)
Mueller Water Products, Inc., incorporated on September 22, 2005, is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Company's product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters, leak detection and pipe condition assessment which are used by municipalities, as well as the residential and non-residential construction industries. The Company operates in two segments: Mueller Co. and Anvil. Mueller Co. The Company's valve or fire hydrant products are specified for use in the 100 metropolitan areas in the United States.
Mueller Co. manufactures valves for water and gas systems, including iron gate, butterfly, tapping, check, plug and ball valves, as well as dry-barrel and wet-barrel fire hydrants and a of pipe repair products, such as clamps and couplings used to repair leaks. The Company offers residential and commercial me tering products and systems and leak detection and pipe condition assessment products and services. Mueller Co. products are sold through waterworks distributors.
The Company's fire hydrants consist of an upper barrel and nozzle section and a lower barrel and valve section that connects to a water main. In dry-barrel hydrants, the valve connecting the barrel of the hydrant to the water main is located below ground at or below the frost line, which keeps the hydrant upper barrel dry. It sells dry-barrel fire hydrants with the Mueller and U.S. Pipe Valve and Hydrant brand names in the United States and the Mueller and Canada Valve brand names in Canada. The Company also makes wet-barrel hydrants, where the valves are located in the hydrant nozzles and the barrel contains water at all times. It also makes wet-barrel hydrants, where the va! lves are located in the hydrant nozzles and the barrel contains water at all times.
Mueller Co. manufactures a va riety of intelligent water technology products under the Mue! ller Systems and Hersey Meters brand names that are designed to help water providers accurately measure water usage. These products include water meters, advanced metering infrastructure systems and automated meter reading products, have the capability to measure water usage ranging from small residential flows to large commercial and industrial applications.
Mueller Co. offers leak detection and pipe condition assessment products and services under the Echologics brand name. Other products include pipe repair products, such as clamps and couplings used to repair leaks and municipal castings, such as manhole covers and street drain grates. It sells these products under the Mueller and Jones brand names.
The Company competes with McWane, Inc., American Cast Iron Pipe Company, The Ford Meter Box Company, Inc., A.Y. McDonald Mfg, Sensus, Neptune Technology Group, Inc., Badger Meter, Inc., Aclara LLC and Itron, Inc.
Anvi l manufactures and sources a range of products, includes fittings, couplings, hangers, valves and related products for use in many non-residential constructions for HVAC, fire protection, energy and oil and gas applications. Anvil's products are sold through distributors who then sell the products to a variety of end users. These distributors are serviced primarily through Anvil's distribution centers.
Fittings and Couplings manufactures threaded and grooved pipe fittings and couplings. Pipe fittings and couplings join two pieces of pipe together. The five categories of pipe fittings and couplings are cast iron fittings, malleable iron fittings and unions, grooved fittings, couplings and valves, threaded steel pipe coupling and nipples. Hangers, manufacture an array of pipe hangers and supports. Standard pipe hangers and supports ! are used ! in fire protection sprinkler systems and HVAC applications where the objective is to provide rigid support from the building structure.
The Company competes with Ward Man! ufacturin! g L.L.C., malleable iron fittings, Victaulic Company, Tyco International Ltd., ERICO International Corporation, Cooper Industries plc and Carpenter & Paterson, Inc.Advisors' Opinion:
- [By Travis Hoium]
What: Shares of Mueller Water Products (NYSE: MWA ) jumped as much as 17% today after the company released earnings.
So what: Fiscal-second-quarter revenue jumped 12.6% to $283.1 million and net income was $6.2 million, or $0.05 per share. Analysts only expected revenue to be $270.8 million and earnings of $0.02 per share so this was well ahead of estimates.
source from Top Stocks Blog:http://www.topstocksblog.com/best-performing-stocks-to-invest-in-right-now-2.html