Mueller Industries, Inc. (MLI)
| Market Cap | 10.35B |
| Revenue (ttm) | 3.58B |
| Net Income (ttm) | 586.47M |
| Shares Out | 113.74M |
| EPS (ttm) | 5.14 |
| PE Ratio | 17.70 |
| Forward PE | 17.50 |
| Dividend | $0.80 (0.88%) |
| Ex-Dividend Date | Sep 6, 2024 |
| Volume | 622,818 |
| Open | 91.28 |
| Previous Close | 90.68 |
| Day's Range | 90.45 - 92.69 |
| 52-Week Range | 40.43 - 96.81 |
| Beta | 1.02 |
| Analysts | Hold |
| Price Target | n/a |
| Earnings Date | Oct 22, 2024 |
About MLI
Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples. It also resells steel pipes, brass and plastic plumbing valves, malleable iron fittings and faucets, and plumbing specialties; and supplies water tubes. This segment sells its products t... [Read more]
Financial Performance
In 2023, Mueller Industries's revenue was $3.42 billion, a decrease of -14.11% compared to the previous year's $3.98 billion. Earnings were $602.90 million, a decrease of -8.42%.
Financial StatementsNews
Mueller Industries, Inc. Declares Cash Dividend for Fourth Quarter
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular cash dividend on its common stock of 20 cents per share. T...
Mueller Industries, Inc. Reports Third Quarter 2024 Earnings
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announces results for the third quarter of 2024. Comparisons are to the third quarter of 2023. Net Sales of $997.8 million ve...
Mueller Industries: A Wonderful Company At A Fair Price
Mueller Industries has delivered over 487% TSR in five years, significantly outperforming the SPY, and remains attractively valued with strong profitability and returns. Revenues grew from $2.43B in 2...
Mueller Industries: Benefits From Copper Pricing, M&A, And Quite Cheap
Mueller Industries is a manufacturer of copper, brass, and aluminum products. MLI offers a diverse range of products and geographic diversification, contributing to less volatile FCF growth. Consideri...
25 Snack Food Suppliers Queue Up for ReposiTrak's Rapidly Expanding Food Traceability Network
SALT LAKE CITY--(BUSINESS WIRE)--As regulatory deadlines approach, 25 snack food suppliers align with ReposiTrak for its state-of-the-art, hardware-free traceability solutions.
Mueller Industries, Inc. Announces Acquisition of Elkhart Products Corporation
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) today announced that it has acquired Elkhart Products Corporation (EPC). EPC is a U.S. manufacturer of copper solder fittings...
Mueller Industries, Inc. Declares Cash Dividend for Third Quarter
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular cash dividend on its common stock of 20 cents per share. T...
Mueller Industries, Inc. Reports Second Quarter 2024 Earnings
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announces results for the second quarter of 2024. Comparisons are to the second quarter of 2023. Net Sales of $997.7 million ...
The Transformation Continues For Mueller Industries
Mueller Industries' margins have remained strong despite declining copper prices, indicating a fundamental change in their business model. The company has announced a significant acquisition, signalin...
Mueller Industries, Inc. Completes Acquisition of Nehring Electrical Works Company
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) today announced that it has completed its acquisition of Nehring Electrical Works Company and certain of its affiliated compa...
Mueller Industries, Inc. Declares Cash Dividend for Second Quarter
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 20 cents pe...
Mueller Industries, Inc. Reports First Quarter 2024 Earnings
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 v...
Mueller Industries, Inc. Agrees to Acquire Nehring Electrical Works Company
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) today announced that it has entered into a definitive agreement to acquire Nehring Electrical Works Company and certain of it...
22 Q1 Attractive All-Star Dogs From AAII And Barron's
March 2024 AAII Journal, screens, and a Barron's reporters combined to list two sets of stocks herewith called: “AAII/Barron's All-Stars Q1/24”. The AII article was titled 'Stock Screen All-Stars', an...
Mueller Industries, Inc. Announces 33 Percent Increase in Quarterly Dividend
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--For the fourth consecutive year, Mueller Industries, Inc. (NYSE: MLI) has announced a double digit increase to its quarterly dividend. The Board of Directors has ...
Mueller Industries, Inc. Reports Fiscal 2023 Fourth Quarter and Full Year Results
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) today reported 2023 fourth quarter and full year results. For the Fourth Quarter 2023 versus Fourth Quarter 2022: • Net incom...
Mueller Industries: Expect More, But Slowing, Growth
Mueller Industries is a building materials company that offers potentially ongoing capital gains and a modest dividend. The company operates in multiple countries and its revenue is primarily generate...
Mueller Industries, Inc. Reports Third Quarter 2023 Earnings
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announces results for the third quarter of 2023. Comparisons are to the third quarter of 2022. Operating Income of $181.0 mil...
Mueller Industries: Unmasking Value
Mueller Industries is a high-quality traditional manufacturing business with strong profitability metrics and a resilient balance sheet. The company's financial performance has been strong over the pa...
Mueller Industries, Inc. Announces Two-for-One Stock Split
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a two-for-one stock split to be effected in the form of a 100 percen...
Mueller Industries, Inc. Announces Special Meeting to Approve Increase in Authorized Common Stock
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) today announced that is has filed a preliminary proxy statement with the Securities and Exchange Commission for a special mee...
Mueller Industries: Sound Company, But Not A Fan At These Levels
Mueller Industries is a leading manufacturer of copper, aluminum, brass, and plastic products, with a strong presence in building construction markets. We touch upon the company's fundamental strength...
Mueller Industries, Inc. Reports Second Quarter 2023 Earnings
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announces results for the second quarter of 2023. Comparisons are to the second quarter of 2022, which, for context, yielded ...
4 Ideal Barron's Mid-Year 2023 Dividend Dog Buys
Barron's Mid-Year Roundtable, Published July 17, listed 40 stocks of note for 2023; 38 of those were unduplicated US publicly-listed companies, of-which YCharts reported 25 as paying dividends. Barron...
Mueller Industries: Fairly Valued With Limited Growth Prospects
Muller Industries (MLI, Financial) manufactures a diverse range of products, including copper, brass, aluminum and plastic products such as valves, fittings, tubes, faucets, impact extrusions and flex...