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Mar 27, 2021
Mueller Industries Q1 2021 Earnings Report
Reported an increase in net sales and operating income compared to the prior year quarter.
Key Takeaways
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.
Operating income increased to $92.5 million from $59.3 million.
Net income rose to $63.1 million from $32.4 million.
Net sales grew to $818.1 million from $602.9 million.
Earnings per share (EPS) increased to $1.11 from $0.57.
Mueller Industries
Mueller Industries
Mueller Industries Revenue by Segment
Revenue by Segment
Piping Systems Segment Revenue
CapyFin.comIndustrial Metals Segment Revenue
CapyFin.comClimate Segment Revenue
CapyFin.com Forward Guidance
Mueller Industries anticipates continued improvement in economies, driven by lifted restrictions, increased vaccine availability, and potential infrastructure spending.
Positive Outlook
- Economies are improving as pandemic restrictions are lifted.
- Vaccine availability is increasing.
- Significant money flow into global economies.
- Potential U.S. infrastructure bill.
- Performance in the first quarter falls in line with 2020 year-end expectations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income