DALLAS, Oct. 23, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Mueller Water Products Inc. MWA. The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Mueller Water Products Inc. MWA should be of particular interest to other comparable companies: CIRCOR International Inc. CIR, Watts Water Technologies Inc. WTS, American Water Works Co. Inc. AWK and Sun Hydraulics Corp. SNHY.
The full report is available at: http://www.stockpreacher.com/n/MWA
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Mueller Water Products Inc. (MWA) manufactures and markets various water infrastructure and flow control products for use in water distribution networks and facilities in the United States and Canada. The Company's product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters and ductile iron pipe, which are used by municipalities, as well as the commercial and residential construction, heating, ventilation and air conditioning, fire protection, and oil and gas industries.
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In the report, the analyst notes:
"Due to severe economic conditions, the demand for MWA's products has been very depressed. Shipments into the residential construction market have been minimal in the past three quarters. The Company also saw an accelerating drop in demand from non-residential construction market. In addition, MWA expects that prices could continue to deteriorate in the next quarter. However, the Company considers that demand in water infrastructure markets has already hit its low point and should experience a slow recovery. Moreover, concerning municipal spending, the Company expects to see positive movement in this segment as the American Recovery and Reinvestment Act spending for drinking water may soon begin to make its way into the market.
"The Company amended its 2007 Credit Agreement in June 2009. The amendment provides more financial covenant flexibility and, among other things, resulted in increased interest rates and new financial covenants. MWA repaid $126.5 million of debt in the third quarter."
To read the entire report visit: http://www.stockpreacher.com/n/MWA
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