10 Companies Jump on Better Earnings, Outlook

1. Mueller Water Products Inc. (NYSE:MWA)

Mueller Water soared by 16.58 percent on Wednesday, ending the day at $26.93 apiece after achieving a more than 146 percent increase in net income for the first quarter of fiscal year 2025.

In a statement on Wednesday, Mueller Water said net income during the quarter jumped by 146.9 percent to $35.3 million from the $14.3 million registered in the same period a year earlier.

Net sales improved by 18.7 percent to $304.3 million from $256.4 million year-on-year, primarily due to increased volumes at Water Flow Solutions and Water Management Solutions and higher pricing across most product lines.

For the fiscal year 2025, Mueller said it was increasing its guidance on net sales to between $1.37 billion and $1.39 billion, or a projected increase of between 4.2 percent and 5.7 percent compared with the year prior.

While we acknowledge the potential of MWA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MWA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure. None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.