Mueller Industries, Inc. Reports First Quarter 2024 Earnings
Mueller Industries, Inc. (MLI)
Last mueller industries, inc. earnings: 2/4 07:00 am
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US:NYSE Investor Relations:
muellerindustries.com/investors
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Source: Business Wire
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announces results for the first quarter of 2024. Comparisons are to the first quarter of 2023.Net Income of $138.4 million versus $173.2 millionEarnings Before Taxes of $201.6 million versus $237.4 millionNet Sales of $849.7 million versus $971.2 millionDiluted EPS* of $1.21 versus $1.54(*adjusted retroactively to reflect the two-for-one stock split that took effect on October 20, 2023)First Quarter Financial and Operating Highlights:COMEX copper averaged $3.86 per pound during the quarter, 5.6% lower than in the first quarter of 2023.The decrease in net sales was attributable to lower demand for our products that are primarily consumed in residential building, as well as lower selling prices as a result of the lower copper prices.We recorded a $10.3 million loss on our investment in Tecumseh Products Company, largely driven by restructuring charges in its international operations.Net cash generated from op
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News
- We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Mueller Industries, Inc.'s (NYSE:MLI) CEO For Now [Yahoo! Finance]Yahoo! Finance
- Mueller Industries, Inc. Reports First Quarter 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- Mueller Industries, Inc. Agrees to Acquire Nehring Electrical Works Company [Yahoo! Finance]Yahoo! Finance
- Mueller Industries, Inc. Agrees to Acquire Nehring Electrical Works CompanyBusiness Wire
- Medical Copper Tubing Market Size Projected to Surge US$ 2,247.2 Million Growth by 2034, Exhibit a CAGR of 4.0%: Fact.MR Report [Yahoo! Finance]Yahoo! Finance
MLI
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/26/24 - Form 144
- MLI's page on the SEC website