Mueller Industries Earnings Reports

Mueller Industries delivered solid third-quarter results with $1.08 billion in revenue and $208.1 million in net income, supported by increased copper prices and strategic gains.

Mueller Industries, Inc. delivered strong first quarter 2025 results, with net income increasing to $157.4 million and net sales reaching $1.0 billion, driven by recent acquisitions and higher selling prices, despite some manufacturing disruptions and softer demand in certain segments.

Mueller Industries reported a 26.1% increase in net sales and a 26.0% increase in operating income for the fourth quarter of 2024 compared to the same period in 2023. The increase in net sales was primarily due to sales from recent acquisitions and increased volume in U.S. construction-related products. The company ended the year with $1.06 billion in cash and short-term investments.

Mueller Industries reported a net sales increase to $997.8 million and a net income of $168.7 million for the third quarter of 2024. The company benefited from recent acquisitions and higher copper prices, while managing increased operating costs and transaction-related expenses.

Mueller Industries reported a net sales increase to $997.7 million compared to $897.0 million in the second quarter of 2023. Operating income was $210.0 million, slightly below the $210.7 million reported in the same period last year. Net income reached $160.2 million, compared to $177.7 million in Q2 2023, with diluted EPS at $1.41 versus $1.56.

Mueller Industries reported a decrease in net sales and net income for the first quarter of 2024, primarily due to lower demand and prices, but maintained strong cash generation and a healthy cash balance.

Mueller Industries reported a decrease in net sales and net income for Q4 2023 compared to Q4 2022, primarily due to lower demand. Despite reduced demand, the company delivered excellent earnings and cash generation. Structural changes to improve gross margins are showing durability, and the manufacturing platform is well-balanced.

Mueller Industries reported a decrease in net sales and net income for the third quarter of 2023, primarily due to reduced demand in the wholesale channel. However, the company's CEO noted that business conditions are still historically favorable and that the company is focused on growth and strategic investments.

Mueller Industries reported a decrease in net sales and operating income for Q2 2023 compared to the record earnings of Q2 2022. The decline was attributed to the normalization of demand across segments and lower copper prices. Despite facing disruptions from a tornado, fire, and ongoing issues at Westermeyer, the company demonstrated resilience and commitment to servicing customers.

Mueller Industries reported a decrease in net sales by 3.8% due to lower copper prices and unit volume, but operating income increased by 7.7% and net income increased by 9.4%. EPS also increased by 10.4%. The company's cash generation remained strong, with significant cash and short-term investments.

Mueller Industries reported a decrease in net sales but an increase in operating income, net income, and diluted EPS for the fourth quarter of 2022 compared to the fourth quarter of 2021. The company's performance was driven by strategic actions to improve gross margins and expand into higher value-added content, offsetting the impact of lower copper prices and reduced unit volumes.

Mueller Industries reported a decrease in net sales by 3.8% compared to the prior year quarter, which included a $54.8 million pre-tax gain from divestitures. However, operating income increased by 15% when adjusted for the divestiture. The company's financial position remains solid, with cash at quarter end increasing significantly from the prior year-end.

Mueller Industries reported a strong second quarter with significant increases in net sales, operating income, and net income compared to the prior year. The company's value-added businesses drove growth, and despite some volume declines in the Industrial Metals segment, overall performance remained robust. Management is optimistic about long-term growth, citing healthy backlogs and strategic reinvestment.

Mueller Industries reported a strong first quarter in 2022, with net sales reaching $1.01 billion and net income of $158.3 million. The company's performance was driven by higher commodity prices and volume growth from recently acquired businesses. Building construction, the primary market served, remains healthy and is expected to continue driving demand.

Mueller Industries reported exceptional Q4 2021 results, capping a second consecutive year of record earnings. Net sales were $956.4 million, up 42%, and diluted EPS was $2.21, compared to $0.64 in the prior year. The company anticipates continued momentum in the building construction and industrial markets in 2022.

Mueller Industries reported a substantial increase in net sales, operating income, and net income for the third quarter of 2021 compared to the prior year. The company benefited from favorable market demand, higher copper prices, and contributions from acquisitions.

Mueller Industries reported a strong second quarter in 2021, marked by substantial growth in net sales, operating income, and net income compared to the prior year. The company benefited from unit sales growth across all segments, contributions from acquisitions, and higher copper prices.

Mueller Industries reported a strong first quarter in 2021, with increased net sales and operating income compared to the prior year quarter. The company's performance aligns with expectations, driven by improving economies and increased vaccine availability.

Mueller Industries reported a strong fourth quarter in 2020, with operating income increasing to $65.0 million from $44.4 million, and net sales rising to $675.9 million from $543.8 million. Net income also increased to $36.4 million from $28.2 million, and EPS grew to $0.64 from $0.50.

Mueller Industries reported second-quarter operating income of $52.3 million, slightly up from $51.5 million in the prior year. Net income was $28.0 million, or 50 cents per diluted share, matching the 2019 figure. However, net sales decreased to $500.2 million from $666.4 million in the same quarter last year, impacted by lower copper prices and reduced volumes due to COVID-19 shutdowns.

Mueller Industries reported a net income of $32.4 million, or 57 cents per diluted share, on net sales of $602.9 million for the first quarter of 2020. This compares to a net income of $15.7 million, or 28 cents per diluted share, on net sales of $611.8 million for the prior year period. Operating income for the first quarter was $59.3 million versus $49.2 million for the prior year period.

Mueller Industries reported Q4 2019 earnings with an increase in operating income to $44.4 million from $40.0 million in Q4 2018. Net income also increased to $28.2 million, or 50 cents per diluted share, compared to $26.9 million, or 47 cents per diluted share, in the prior year. However, net sales saw a slight decrease to $543.8 million from $559.1 million in the same quarter of 2018.