Mueller Industries, Inc. Reports First Quarter 2024 Earnings [Yahoo! Finance]
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: Yahoo! Finance
Comparisons are to the first quarter of 2023. Net Income of $138.4 million versus $173.2 million Earnings Before Taxes of $201.6 million versus $237.4 million Net Sales of $849.7 million versus $971.2 million Diluted 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 operations was $173.6 million, and our cash balance was $1.36 billion at quarter end. Our current
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News
- We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Mueller Industries, Inc.'s (NYSE:MLI) CEO For Now [Yahoo! Finance]Yahoo! Finance
- Mueller Industries, Inc. Reports First Quarter 2024 EarningsBusiness Wire
- Mueller Industries, Inc. Agrees to Acquire Nehring Electrical Works Company [Yahoo! Finance]Yahoo! Finance
- Mueller Industries, Inc. Agrees to Acquire Nehring Electrical Works CompanyBusiness Wire
- Medical Copper Tubing Market Size Projected to Surge US$ 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