Mueller Water weakness creates buying opportunity, says BB&T After Mueller dropped 15% since early March, BB&T thinks the company's new technology products are gaining momentum, and the firm notes that more companies have said that municipal water spending is rising.
Mueller Water says FY16 outlook remains unchanged Mueller Water said on its Q1 earnings call that its target is for 2016 free cash flow to exceed adjusted net income and that it expects free cash flow to be higher than in 2015. The company sees sales of Mueller Company's domestic valves, hydrants and brass products to grow in the high single digits in the second half of the year. It expects Mueller Technologies to show year-over-year net sales growth of about 10%-15% and for its adjusted operating income to improve about $7M-$10M. The overall outlook for Mueller Water Products for the full year remains unchanged, the company added.