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Dec 28, 2024
Mueller Industries Q4 2024 Earnings Report
Mueller Industries reported a strong fourth quarter, driven by acquisitions and increased U.S. construction-related product volume.
Key Takeaways
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.
Net sales increased by 26.1% to $923.5 million.
Operating income increased by 26.0% to $170.3 million.
Net income increased by 15.4% to $137.7 million.
Diluted EPS increased by 15.2% to $1.21.
Revenue by Segment
Forward Guidance
Mueller Industries maintains a positive outlook for 2025 and beyond, focusing on reinvesting in core operations and seeking strategic acquisitions to expand infrastructure product platforms. The company anticipates that new trade and regulatory policies will ultimately benefit its business.
Positive Outlook
- Promising initiatives underway.
- Committed to reinvesting to strengthen and improve core operations.
- Actively searching for acquisitions to expand infrastructure products platforms.
- Opportunities to increase capabilities in nonferrous metals manufacturing.
- U.S. remains a secure end market.
Challenges Ahead
- Impact of new administration’s trade and regulatory policies will take time.
- Subdued market conditions.
- Non-cash expenses related to purchase accounting adjustments for acquisitions.
- Integration of acquisitions did not contribute to Q4 operating income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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