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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.
Mueller Industries, Inc. (NYSE: MLI) reports strong first-quarter 2022 results, with net sales reaching $1.01 billion, up from $818.1 million year-over-year. Net income surged to $158.3 million from $63.1 million, resulting in an EPS of $2.78, compared to $1.11 in the previous year. The increase is attributed to higher commodity prices and volume growth from new acquisitions. Additionally, the company raised its quarterly dividend from $0.13 to $0.25 per share. CEO Greg Christopher indicated continued demand driven by residential construction and infrastructure development.
Mueller Industries, Inc. (NYSE: MLI) has announced a quarterly cash dividend increase to
Mueller Industries, Inc. (NYSE: MLI) reported strong Q4 and full-year 2021 results. Q4 highlights include:
- Operating income soared to $172.1 million, up 165%.
- Net sales reached $956.4 million, a 42% increase.
- Net income jumped to $125.6 million from $36.4 million.
- Diluted EPS rose to $2.21 from $0.64.
Full-year results showed:
- Operating income of $655.8 million, up 167%.
- Net sales climbed to $3.8 billion, a 57% increase.
- Net income was $468.5 million versus $139.5 million.
- Diluted EPS reached $8.25 versus $2.47.
Mueller Industries, Inc. (NYSE: MLI) has declared a quarterly cash dividend of
Mueller Industries, Inc. (NYSE: MLI) reported strong Q3 2021 results with $982.2 million in net sales, a 58.5% increase from last year. Operating income surged to $233.4 million, up from $69.2 million, while net income reached $171.0 million compared to $42.7 million. The EPS rose to $3.01 from $0.76. Key drivers included higher copper prices and unit sales growth across all segments, along with a $50.1 million gain from business divestitures. The company reduced debt by $230 million, maintaining a strong balance sheet with a current ratio of 2.7:1.
Mueller Industries (NYSE: MLI) has declared a quarterly cash dividend of 13 cents per share. This dividend will be payable on September 17, 2021, to shareholders of record as of September 3, 2021. The company operates across multiple sectors, producing essential goods for air, water, oil, gas distribution, and more, with a broad presence in North America, Europe, Asia, and the Middle East.
Mueller Industries (NYSE: MLI) reported strong second quarter results for 2021, with operating income of $157.8 million, up from $52.3 million, and net income soaring to $108.8 million compared to $28.0 million a year prior. Net sales reached $1.01 billion, an increase from $500.2 million, driven by unit sales growth, acquisitions, and higher copper prices averaging $4.43 per pound. The company also reduced debt by retiring $284.4 million in subordinated debentures. CEO Greg Christopher expressed confidence in ongoing strong demand within the building construction sector.
Mueller Industries (NYSE: MLI) has declared a quarterly cash dividend of 13 cents per share. This dividend will be paid on June 18, 2021, to shareholders of record as of June 4, 2021. Mueller Industries is an industrial corporation involved in manufacturing goods for markets such as air, water, oil, and gas distribution, among others. Additionally, the company warns that its forward-looking statements may involve risks related to economic conditions, material availability, and market demand, urging caution to investors.
Mueller Industries, Inc. (NYSE: MLI) reported strong Q1 2021 results, with net sales reaching $818.1 million, up from $602.9 million year-over-year. Operating income increased to $92.5 million from $59.3 million, and net income rose to $63.1 million compared to $32.4 million. EPS stood at $1.11, up from $0.57. The growth was driven by unit sales increases, acquisitions, and higher copper prices, averaging $3.86 per pound, a 50% increase. The company holds $129.9 million in cash with a 31% debt-to-capitalization ratio.
Mueller Industries, Inc. (NYSE: MLI) has declared a quarterly cash dividend of 13 cents per share, payable on April 2, 2021, to shareholders of record by March 19, 2021. Additionally, the company will redeem its Subordinated Debentures due 2027, incurring a 6% annual interest rate, funded by cash on hand and a revolving credit facility at 1.5% interest. In 2020, the interest paid on these Debentures was $17 million, which the company aims to eliminate through this redemption.
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