Mueller Industries Benefited From Extraordinary Product Price Spikes, But These Are Coming Down And So Will Its Performance [Seeking Alpha]
Mueller Industries, Inc. (MLI)
Last mueller industries, inc. earnings: 2/4 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
muellerindustries.com/investors
Company Research
Source: Seeking Alpha
Despite acquisitions, revenue only grew at 7.5 CAGR, making it a cyclical rather than a high-growth company. The company is financially strong and a cash cow, but there is no margin of safety based on performance over the cycle. Investment Thesis Mueller Industries, Inc. ( NYSE: MLI ) achieved extraordinary profit growth over the past 8 years. Accordingly, its average returns as measured by the ROE over the past 3 years were more than double the 2016 to 2018 average ROE. But these growths were driven by extraordinary copper and aluminum prices over the past 3 years. Ignoring these price growths, there was no organic growth. Growth seemed to be from its acquisitions. The overall impact is that revenue only grew at 7.5% CAGR. This is not a high-growth company but a cyclical one. While I would not rate its operations as wonderful, it is a cash cow and financially strong. However, there is no margin of safety based on its performance over both the Housing Starts and product pri
Show less
Read more
Impact Snapshot
Event Time:
MLI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MLI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MLI alerts
High impacting Mueller Industries, Inc. news events
Weekly update
A roundup of the hottest topics
MLI
News
- Mueller Industries, Inc. Declares Cash Dividend for Second QuarterBusiness Wire
- We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Mueller Industries, Inc.'s (NYSE:MLI) CEO For Now [Yahoo! Finance]Yahoo! Finance
- Mueller Industries, Inc. Reports First Quarter 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- Mueller Industries, Inc. Reports First Quarter 2024 EarningsBusiness Wire
- Mueller Industries, Inc. Agrees to Acquire Nehring Electrical Works Company [Yahoo! Finance]Yahoo! Finance
MLI
Sec Filings
- 5/15/24 - Form 4
- 5/13/24 - Form 8-K
- 5/13/24 - Form 4
- MLI's page on the SEC website