The GWI Global Water Index rebounded to sit just shy of its all-time high this month, as major stock indices broke through resistance levels across the board. A strong reporting season from most of the large North American water equipment names underpinned the overall index performance, as companies strained at the leash to satisfy booming demand in the face of ongoing supply chain challenges. The major exception to the rule was Mueller Water Products, which was punished by investors after posting a disappointing set of fourth-quarter results in both its core Infrastructure and its loss-making Technologies divisions. "Overall, it was a clear subpar quarter for Mueller's flagship Infrastructure segment, which is normally the company's workhorse earnings engine," wrote Boen-ning Scattergood analyst Ryan Connors.
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