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Company Overview
Mueller Industries Inc (NYSE: MLI) is a diversified industrial manufacturer that specializes in the production of copper, brass, aluminum, and plastic products. Serving sectors such as building construction, HVACR, automotive, defense, and energy, the company maintains a robust portfolio of manufacturing capabilities across its three primary business segments: piping systems, industrial metals, and climate solutions. Employing state‐of‐the‐art processes and emphasizing material quality and durability, Mueller Industries has established itself as a key provider of essential components for infrastructure and technology reliant industries.
Business Segments and Core Operations
At the heart of Mueller Industries lies its multifaceted business model. The company is organized into three primary segments which allow it to serve varied market needs:
- Piping Systems: Representing the largest segment in terms of revenue, this division focuses on the design, manufacturing, and distribution of tubes, fittings, rods, valves, and related items. These products are integral in plumbing, water distribution networks, and HVAC systems, exemplifying the technological advancement required by modern construction and industrial applications.
- Industrial Metals: In this segment, the company produces precision products including impacts, micro-gauge products, brass rod and copper bar materials. These metal components are often used in OEM applications, supporting industries that demand high-quality, value-added brass and copper solutions.
- Climate: With a dedicated focus on temperature-controlling products, the climate segment provides essential components such as coaxial heat exchangers, twisted tubes, and specific valves for HVAC and refrigeration systems. These products highlight the company’s technical know-how in adapting metallurgical innovations to climate-control applications.
Rhea-AI Summary
Mueller Industries, Inc. (MLI) has agreed to acquire Nehring Electrical Works Company for approximately $575 million, with an additional $25 million earn out. Nehring, a producer of wire and cable solutions, had annual net sales of around $400 million in 2023. The acquisition is expected to boost Mueller's presence in the electrical and power infrastructure sector, leveraging synergies between the two companies. Mueller anticipates the acquisition to enhance its 2024 financial results and benefit from future infrastructure investments.
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Mueller Industries, Inc. (NYSE: MLI) announces a 33% increase in quarterly dividend, marking the fourth consecutive year of growth. The company operates in various sectors globally, including air, water, oil and gas distribution, climate comfort, food preservation, energy transmission, medical, aerospace, and automotive.
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Scott Goldman, Co-Founder and CEO of TextPower, releases a new book 'The Four Rs of Cybersecurity' offering valuable insights for CEOs and Board Directors on navigating cybersecurity priorities. The book provides practical guidance on cybersecurity governance and compliance amid increasing regulatory scrutiny. Goldman's experience as a public company board director and CEO of TextPower adds credibility to his advice, making the book a valuable resource for corporate leaders.
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Mueller Industries, Inc. (NYSE: MLI) reported a decline in net income, earnings before taxes, net sales, and diluted EPS for the fourth quarter and full year of 2023 compared to the previous year. The company experienced reduced demand in most segments and markets, particularly those products used in new residential construction. Despite this, the CEO remains optimistic about the business outlook due to structural changes and strong cash flows.
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Mueller Industries, Inc. (NYSE: MLI) has declared a regular quarterly cash dividend of 15 cents per share on its common stock. The dividend will be payable on December 15, 2023, to shareholders of record on December 1, 2023. Mueller Industries is an industrial corporation with a network of companies and brands worldwide, manufacturing vital goods for various markets.
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Mueller Industries, Inc. announces Q3 2023 results with a decrease in net sales and operating income compared to Q3 2022. The company sold a majority interest in its PEX plastic piping business. Net cash provided by operations was $247.7 million, and cash plus short-term investments were $1.10 billion at quarter end. The company's CEO remains optimistic about business conditions and strategic investments.
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Mueller Industries announces two-for-one stock split with distribution date on October 20, 2023. Outstanding common shares to increase to approximately 113.5 million shares.
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News
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Mueller Industries, Inc. (NYSE: MLI) has filed a preliminary proxy statement for a special meeting of shareholders to approve an amendment to increase the total number of authorized shares of Common Stock from 100,000,000 to 250,000,000. The amendment aims to facilitate a stock split of the Common Stock in the form of a stock dividend. The decision to approve a stock split following the Special Meeting will depend on factors including the then-current trading price of the Company’s Common Stock. As of July 21, 2023, the Company has 56,778,790 shares of Common Stock outstanding.
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Mueller Industries, Inc. (NYSE: MLI) declares a regular quarterly cash dividend of 30 cents per share, payable on September 15, 2023, to shareholders of record on September 1, 2023. The company is an industrial corporation with holdings in vital markets such as air, water, oil, and gas distribution, climate comfort, food preservation, and more. The announcement includes forward-looking statements and highlights the company's global presence.
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Mueller Industries, Inc. (NYSE: MLI) announces Q2 2023 results with a decrease in net sales attributed to normalized demand and lower copper prices. Operating costs were unfavorably impacted by nonrecurring events including tornado and fire damages. Cash and short-term investments increased to $898.4 million. CEO expects inflation and interest rates to remain elevated, affecting global economy.
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FAQ
What is the current stock price of Mueller Inds (MLI)?
The current stock price of Mueller Inds (MLI) is $77.52 as of April 1, 2025.
What is the market cap of Mueller Inds (MLI)?
The market cap of Mueller Inds (MLI) is approximately 8.6B.
What are the core business segments of Mueller Industries Inc?
The company operates across three primary segments: piping systems, industrial metals, and climate solutions. Each segment caters to distinct market needs ranging from plumbing and HVAC to OEM and temperature-control applications.
What types of products does the company manufacture?
Mueller Industries produces a wide array of products including tubes, fittings, valves, rods, forgings, extrusions, and components used in plumbing, HVAC systems, water distribution, and a variety of industrial applications.
How does Mueller Industries generate revenue?
Revenue is primarily generated through the production and sale of industrial components in its three main business segments. The company leverages high-quality manufacturing processes and a diversified portfolio to meet global market demands.
Which industries benefit from the company’s products?
The products of Mueller Industries are utilized across various sectors including building construction, appliance manufacturing, defense, energy, automotive, and HVAC, making them integral to multiple industry applications.
What distinguishes Mueller Industries in a competitive market?
The company’s expertise in copper and brass manufacturing, combined with its diversified product range and global operational network, allows it to address complex industrial needs with precision engineering and innovative production techniques.
What role does the climate segment play in the company's operations?
The climate segment is focused on manufacturing products that enable effective temperature control, such as coaxial heat exchangers and specialized valves, catering to applications in HVAC and refrigeration systems.
How does the industrial metals segment support OEM applications?
The industrial metals segment produces precision metal products like copper bars, brass rods, and other components that are essential in OEM manufacturing, ensuring high performance and durability in critical applications.
Where does Mueller Industries operate globally?
Mueller Industries has a comprehensive global presence with operations in North America, including the United States, Canada, and Mexico, as well as facilities in Great Britain and China. This international footprint enhances its market reach and supply chain efficiency.
Mueller Inds
NYSE:MLI
MLI Rankings
MLI Stock Data
8.56B
108.00M
2.46%
93.8%
3.23%
Metal Fabrication
Rolling Drawing & Extruding of Nonferrous Metals
United States
COLLIERVILLE