Shares of Mueller Water Products were trading above recent 52-week highs after the company reported second-quarter financial results and announced changes to its executive team.
After the bell Monday, the stock was trading 16.6% higher at $19.30. The stock hit a 52-week high of $16.93 on Feb. 16.
Year to date, the stock is up 12% higher.
Mueller Water reported second-quarter earnings per share of 28 cents on sales of $353.4 million. Analysts were expecting EPS of 14 cents and sales of $299.6 million, according to FactSet.
In the year-ago period, the company reported EPS of 14 cents and sales of $332.9 million.
Mueller Water said it is expecting fiscal 2024 consolidated net sales to be between flat and down 2% as compared with the prior fiscal year.
Also on Monday, the company said Marietta Edmunds Zakas was named as chief executive after having previously served as president and CEO and also as chief financial officer. Paul McAndrew, the chief operating officer, was promoted to president.
The company also said Brian Healy and Christian Garcia were named to the board.