Mueller Industries Inc

MLI

Equity

ISIN US6247561029 / Valor 953984

New York Stock Exchange, Inc (2025-03-31)

USD 76.14-0.59%

Mueller Industries Inc
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About company

Mueller Industries Inc. is an industrial manufacturer specializing in copper and copper alloy manufacturing, as well as producing goods made from aluminum, steel, and plastics. Headquartered in Collierville, Tennessee, the company operates a network of facilities across North America, Europe, Asia, and the Middle East. Mueller Industries offers a wide range of products including tubing, fittings, valves, vessels, and components for plumbing, HVACR systems, and OEM applications. Serving sectors such as building construction, appliance, defense, energy, and automotive, the company has a long history of providing reliable materials and precision components to support various residential and commercial flow systems worldwide.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Net Sales Growth

In the third quarter of 2024, Mueller Industries Inc. reported net sales of $997.8 million, a significant increase from $819.8 million in the same quarter of 2023. This growth was driven by the inclusion of $102.4 million in sales from recently acquired businesses and higher copper prices.

Operating Income Increase

Mueller Industries Inc. achieved an operating income of $206.7 million in the third quarter of 2024, compared to $181.0 million in the third quarter of 2023. This improvement reflects the company's successful integration of new acquisitions and effective cost management.

Earnings Before Taxes

The company reported earnings before taxes of $217.8 million for the third quarter of 2024, up from $189.0 million in the same period of the previous year. This increase was supported by higher sales and improved operational efficiencies.

Net Income and EPS

Mueller Industries Inc.'s net income for the third quarter of 2024 was $168.7 million, a rise from $132.7 million in the third quarter of 2023. The diluted earnings per share (EPS) also increased to $1.48 from $1.17, reflecting the company's strong financial performance.

Positive Outlook

Looking ahead, Mueller Industries Inc. anticipates a more stable and favorable business environment due to declining interest rates and moderating inflation. The company remains well-positioned to capitalize on new opportunities for expansion and growth, supported by its strong balance sheet and diversified portfolio.

Summarized from source with an LLMView Source

Key figures

41.2%1Y

181%3Y

536%5Y

Performance

33.7%1Y

33.6%3Y

40.9%5Y

Volatility