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Mueller Industries Q2 2023 Earnings Report

Mueller Industries logo
$80.18 +0.69 (+0.87%)
(As of 12/20/2024 05:31 PM ET)

Mueller Industries EPS Results

Actual EPS
$1.56
Consensus EPS
$1.20
Beat/Miss
Beat by +$0.36
One Year Ago EPS
N/A

Mueller Industries Revenue Results

Actual Revenue
$897.00 million
Expected Revenue
$1.04 billion
Beat/Miss
Missed by -$138.00 million
YoY Revenue Growth
-22.00%

Mueller Industries Announcement Details

Quarter
Q2 2023
Time
Q2 2023 Earnings Release
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Mueller Industries Earnings Headlines

Mueller Industries (NYSE:MLI) Upgraded at Northcoast Research
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About Mueller Industries

Mueller Industries (NYSE:MLI) 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 to wholesalers in the plumbing and refrigeration markets, distributors to the manufactured housing and recreational vehicle industries, building material retailers, and air-conditioning original equipment manufacturers (OEMs). The Industrial Metals segment manufactures brass, bronze, and copper alloy rods; plumbing brass, valves, fittings, and gas assemblies; cold-form aluminum and copper products; machining of aluminum, steel, brass, and cast iron impacts and castings; brass and aluminum forgings; brass, aluminum, and stainless-steel valves; fluid control solutions; and gas train assembles to OEMs in the industrial, construction, HVAC, plumbing, and refrigeration markets. The Climate segment offers valves, protection devices, and brass fittings for various OEMs in the commercial HVAC and refrigeration markets; high-pressure components and accessories for the air-conditioning and refrigeration markets; coaxial heat exchangers and twisted tubes for the HVAC, geothermal, refrigeration, swimming pool heat pump, marine, ice machine, commercial boiler, and heat reclamation markets; and insulated HVAC flexible duct systems. Mueller Industries, Inc. was founded in 1917 and is headquartered in Collierville, Tennessee.

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