Mueller Industries

Mueller Industries, Inc. engages in the manufacture of copper, brass, aluminum, and plastic products. It operates through the following segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment consists of Domestic Piping Systems Group, Great Lakes Copper, Heatlink Group, European Operations, Trading Group, Jungwoo-Mueller, and Mueller Middle East. The Industrial Metals segment includes Brass Rod, Impacts & Micro Gauge, and Brass Value-Added Products. The Climate segment offers Refrigeration Products, Westermeyer, Turbotec, Flex Duct, and Linesets, Inc. The company was founded on October 3, 1990 and is headquartered in Memphis, TN.

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NEW YORK , Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE: TPL) will replace Marathon Oil Corp. (NYSE: MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE: MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE: AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE: COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions.

Texas Pacific Land Set to Join S&P 500, Mueller Industries to Join S&P MidCap 400 and Atlas Energy Solutions to Join S&P SmallCap 600

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. The dividend will be paid on December 20, 2024 to shareholders of record on December 6, 2024. Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservatio.

Mueller Industries, Inc. Declares Cash Dividend for Fourth Quarter

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 versus $819.8 million Operating Income of $206.7 million versus $181.0 million Earnings Before Taxes of $217.8 million versus $189.0 million Net Income of $168.7 million versus $132.7 million Diluted EPS of $1.48 versus $1.171 Third Quarter Financial and Operating Highlights: COMEX copper averaged $4.

Mueller Industries, Inc. Reports Third Quarter 2024 Earnings

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 2019 to $3.4B TTM, with NOPAT compounding at 32% annually, boosting ROIC from 8.9% to 25%. Management has created $1.77B in shareholder value since 2019, but recent declines in NOPAT margins and FCF warrant close monitoring.

Mueller Industries: A Wonderful Company At A Fair Price

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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. Considering the ongoing stock repurchase program, acquisitions made in cash, and previous transactions in the industry, MLI does seem quite cheap.

Mueller Industries: Benefits From Copper Pricing, M&A, And Quite Cheap

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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, with two manufacturing locations in Elkhart, Indiana, and Fayetteville, Arkansas. Regarding the acquisition, Greg Christopher, Mueller's CEO said, “We expect the addition of EPC to significantly accelerate the recovery of our Covington, Tennessee -based copper fittings business, which was substan.

Mueller Industries, Inc. Announces Acquisition of Elkhart Products Corporation

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. The dividend will be paid on September 20, 2024 to shareholders of record on September 6, 2024. Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservat.

Mueller Industries, Inc. Declares Cash Dividend for Third Quarter

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 versus $897.0 million Operating Income of $210.0 million versus $210.7 million Earnings Before Taxes of $222.9 million versus $241.0 million Net Income of $160.2 million versus $177.7 million Diluted EPS of $1.41 versus $1.561 Second Quarter Financial and Operating Highlights: COMEX copper averaged.

Mueller Industries, Inc. Reports Second Quarter 2024 Earnings

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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, signaling a shift in their strategy towards horizontal acquisitions. The acquisition of Nehring Electrical Works Company could potentially boost Mueller Industries' EBITDA and EPS.

The Transformation Continues For Mueller Industries

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 companies (collectively, “Nehring”). Founded in 1912 and headquartered in DeKalb, Illinois, Nehring produces high-quality wire and cable solutions for the utility, telecommunication, electrical distribution, and OEM markets. The acquisition of Nehring provides a substantial platform for long-term growth.

Mueller Industries, Inc. Completes Acquisition of Nehring Electrical Works Company

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 per share. The dividend will be payable June 21, 2024 to shareholders of record on June 7, 2024. Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservat.

Mueller Industries, Inc. Declares Cash Dividend for Second Quarter

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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 versus $173.2 million Earnings Before Taxes of $201.6 million versus $237.4 million Net Sales of $849.7 million versus $971.2 million Diluted EPS* of $1.21 versus $1.54 (*adjusted retroactively to reflect the two-for-one stock split that took effect on October 20, 2023) First Quarter Financial and O.

Mueller Industries, Inc. Reports First Quarter 2024 Earnings

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 its affiliated companies (collectively, “Nehring”) for approximately $575 million, subject to customary purchase price adjustments, plus an additional $25 million earn out. Founded in 1912 and headquartered in DeKalb, Illinois, Nehring produces high-quality wire and cable solutions for the utility, t.

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

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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 declared a regular quarterly cash dividend of $.20 per share, to be paid on March 29, 2024 to stockholders of record as of the close of business on March 15, 2024. This represents a 33 percent increase over the 2023 quarterly dividend. Mueller Industries, Inc. (NYSE: MLI) is an industrial corporati.

Mueller Industries, Inc. Announces 33 Percent Increase in Quarterly Dividend

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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 income:   $119.2 million vs $138.9 million, down 14.2%. • Earnings before taxes:   $177.9 million vs $185.9 million, down 4.3%. • Net sales:   $732.4 million vs $877.6 million, down 16.5%. • Diluted EPS:   $1.05 vs $1.23, down 14.6%. For the Full Year 2023 versus the Full Year 2022: • Net income:   $602.

Mueller Industries, Inc. Reports Fiscal 2023 Fourth Quarter and Full Year Results

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News for Mueller Industries Stock (MLI)