Water Infrastructure Q2: Mueller Beats, Watts Leads, Tennant Lags

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

In the Q2 earnings season for water infrastructure stocks, Mueller Water Products reported revenues of $395.9 million, up 4.1% year on year, exceeding analysts' expectations by 1.2%, and delivered a very strong quarter with beats on EPS and EBITDA estimates, though it gave the weakest full-year guidance update in the group. Among the five tracked companies, Watts Water Technologies was the best performer, with revenues of $763.2 million, up 18.6% year on year, beating expectations by 4.9%, while Tennant was the weakest, with revenues of $324 million, up 1.7%, missing estimates by 1.7% and providing disappointing EBITDA guidance. Energy Recovery saw revenues plummet 57.2% to $12 million, missing estimates by 36.3%, and Xylem reported revenues of $2.34 billion, up 1.5%, meeting expectations. As a group, the companies' revenues missed consensus estimates by 6.4%, and their shares have declined on average 9.4% since the latest earnings results.

Impact on stocks 5

Climate Adaptation & Water± Mixed · 3 stocks
Mueller Water Products
MWA
▲ PositiveCapitalrelevance

Revenues beat expectations by 1.2% with strong EPS and EBITDA beats, though guidance was weakest.

Xylem Inc
XYL
± MixedCapitalrelevance

Revenues met expectations, but group shares declined on average 9.4% since earnings.

Robotics & Physical AI▼ · 1 stocks
Tennant Company
TNC
▼ NegativeCapitalrelevance

Revenues missed estimates by 1.7% and provided disappointing EBITDA guidance.

Industrials▲ · 1 stocks

Theme Impact 1

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