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Mueller Inds - MLI STOCK NEWS

Welcome to our dedicated page for Mueller Inds news (Ticker: MLI), a resource for investors and traders seeking the latest updates and insights on Mueller Inds stock.

Mueller Industries, Inc. (NYSE: MLI) is a prominent industrial manufacturer with a focus on copper and copper alloy products, as well as goods made from aluminum, steel, and plastics. Headquartered in Memphis, Tennessee, Mueller Industries operates a comprehensive network of facilities in the United States, Canada, Mexico, Great Britain, and China. The company’s extensive product range includes tubing, fittings, valves, vessels, and related items for plumbing, HVACR, and piping systems. Additionally, the firm produces rods, forgings, extrusions, and various components for Original Equipment Manufacturer (OEM) applications.

Mueller Industries is structured into three main business segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment, which generates the majority of the company’s revenue, is responsible for the production of tubes, fittings, rods, valves, and other essential products. This segment operates numerous firms globally. The Industrial Metals segment focuses on manufacturing brass rod, copper bar, and value-added products. The Climate segment produces components vital to temperature-control systems, including valves, twisted tubes, and coaxial heat exchangers, which are crucial for HVAC, refrigeration, water distribution, and automotive systems.

Recently, Mueller Industries has been involved in several significant projects and partnerships that underline its market position and commitment to innovation. The company's strong financial condition has enabled continuous investment in advanced technologies and sustainable practices, reinforcing its leadership in the industrial manufacturing sector. Mueller Industries distributes its products across various sectors, including building construction, appliance, defense, energy, and automotive, ensuring a diversified market presence.

Stay updated with the latest news and developments from Mueller Industries, Inc. to understand the performance and strategic growth of one of the leading manufacturers in the industrial sector.

News

Mueller Industries, Inc. Agrees to Acquire Nehring Electrical Works Company

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. Announces 33 Percent Increase in Quarterly Dividend

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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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“The Four Rs of Cybersecurity,” a New Book by TextPower CEO and Board Director Scott Goldman, Helps Navigate Cybersecurity Priorities

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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. Reports Fiscal 2023 Fourth Quarter and Full Year Results

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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. Declares Cash Dividend for Fourth Quarter

Rhea-AI Summary
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. Reports Third Quarter 2023 Earnings

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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, Inc. Announces Two-for-One Stock Split

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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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Mueller Industries, Inc. Announces Special Meeting to Approve Increase in Authorized Common Stock

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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. Declares Cash Dividend for Third Quarter

Rhea-AI Summary
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. Reports Second Quarter 2023 Earnings

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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 $80.18 as of February 28, 2025.

What is the market cap of Mueller Inds (MLI)?

The market cap of Mueller Inds (MLI) is approximately 8.9B.

What does Mueller Industries, Inc. specialize in?

Mueller Industries specializes in the manufacturing of copper and copper alloy products, as well as goods made from aluminum, steel, and plastics.

Where is Mueller Industries, Inc. headquartered?

Mueller Industries is headquartered in Memphis, Tennessee.

What are the primary segments of Mueller Industries, Inc.?

The primary segments are Piping Systems, Industrial Metals, and Climate.

What types of products does the Piping Systems segment produce?

The Piping Systems segment produces tubes, fittings, rods, valves, and other related products.

In which countries does Mueller Industries, Inc. operate?

Mueller Industries operates in the United States, Canada, Mexico, Great Britain, and China.

Which sectors does Mueller Industries, Inc. serve?

The company serves sectors including building construction, appliance, defense, energy, and automotive.

What products are manufactured by the Industrial Metals segment?

The Industrial Metals segment manufactures brass rod, copper bar, and value-added products.

What is the focus of the Climate segment?

The Climate segment focuses on producing components for temperature-control systems, such as valves, twisted tubes, and coaxial heat exchangers.

How does Mueller Industries, Inc. ensure its market presence?

The company ensures its market presence through strategic projects, partnerships, and a diversified product distribution across various sectors.

Where can I find the latest news about Mueller Industries, Inc.?

You can stay updated with the latest news and developments from Mueller Industries on stock market websites like StockTitan.
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Mueller Inds

NYSE:MLI

MLI Rankings

#716 Ranked by Market Cap
#1733 Ranked by Dividends

MLI Stock Data

8.93B
110.83M
2.48%
93.08%
2.84%
Metal Fabrication
Rolling Drawing & Extruding of Nonferrous Metals
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United States
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