Mueller Industries Q4 2020 Earnings Report
Key Takeaways
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.
Operating income increased to $65.0 million from $44.4 million.
Net sales grew to $675.9 million from $543.8 million.
Net income increased to $36.4 million from $28.2 million.
EPS increased to $0.64 from $0.50.
Mueller Industries
Mueller Industries
Mueller Industries Revenue by Segment
Forward Guidance
Mueller anticipates a continuation of the positive trend into 2021 and expects to reap ongoing benefits from a more efficient and controlled operating environment. The company is optimistic that 2021 will bring continued strong cash generation and believes it is well positioned for the reopening of global economies.
Positive Outlook
- Anticipates a continuation of positive trend into 2021.
- Expects to reap ongoing benefits from a more efficient and controlled operating environment.
- Hart & Cooley Flexible Duct business acquisition expands presence in air quality and climate control systems markets.
- Diversified portfolio of businesses is well balanced and capitalized.
- Optimistic that 2021 will bring continued strong cash generation.
Challenges Ahead
- Pandemic related public health regulations are likely to remain in place.
- Limitations such measures may exert on demand may subside as we approach the second half of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income