The company projects free cash flow to surpass 70% of adjusted net income by fiscal 2026 amid growth plans.
Mueller Water Products announced a fiscal 2026 adjusted EBITDA target of $360M to $365M. The company expects free cash flow to exceed 70% of adjusted net income during the same period.
The guidance follows prior performance trends and aligns with long-term strategic initiatives. No prior consensus estimates were publicly disclosed for comparison.
Markets have yet to react to the announcement, with shares trading in line with pre-release levels.