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Sep 25, 2021
Mueller Industries Q3 2021 Earnings Report
Mueller Industries reported strong financial results driven by favorable market demand and exceptional operating performance.
Key Takeaways
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.
Operating income increased to $233.4 million from $69.2 million.
Net income rose to $171.0 million from $42.7 million.
Net sales grew to $982.2 million compared to $619.1 million.
Earnings per share (EPS) increased to $3.01 from $0.76.
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
The company anticipates that current market conditions will continue for the foreseeable future.
Positive Outlook
- Building construction demand remains solid.
- Backlogs in most businesses continue to build.
Revenue & Expenses
Visualization of income flow from segment revenue to net income