Why Shares in This Water Infrastructure Company Soared This Week
Mueller Water Products(MWA) The Motley Fool·2024-05-10 22:36
Mueller Water Products was another water infrastructure company that reported excellent results recently.Shares in Mueller Water Products (MWA -0.86%) rose 18.1% in the week as of Friday morning. The move comes after an excellent set of first-quarter 2024 earnings released at the start of the week.Mueller generates 60%-65% of its sales from the municipal water infrastructure market, with 25%-30% from residential construction and 10% from natural gas utilities and industrial applications.Sales are split roug ...