Mueller Inds Stock Price, News & Analysis

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.

Mueller Industries (NYSE: MLI) reported strong fourth-quarter results for 2020, with operating income rising to $65.0 million from $44.4 million year-over-year. Net sales increased to $675.9 million compared to $543.8 million, driven largely by higher copper prices and acquisitions. Full-year net income was $139.5 million, up from $101.0 million, and earnings per share improved to $2.47 from $1.79. The company anticipates continued earnings growth in 2021 and highlighted a strong liquidity position with $119.1 million in cash.

Mueller Industries (NYSE: MLI) has announced a definitive agreement to acquire the Hart & Cooley Flexible Duct business, aiming to close the deal by late January 2021. This strategic acquisition is designed to enhance Mueller's presence in the air quality and climate control systems markets and to complement its previous acquisition of ATCO Rubber Products in 2018. Chairman and CEO Greg Christopher emphasized that these markets are essential to the company's growth strategy, reflecting their commitment to expanding their product offerings.

Mueller Industries, Inc. (NYSE: MLI) has declared a regular quarterly cash dividend of 10 cents per share. This dividend will be payable on December 18, 2020, to shareholders on record as of December 4, 2020. The company, based in Collierville, Tennessee, specializes in manufacturing copper and copper alloy products, along with aluminum, steel, and plastic goods for various sectors including plumbing, HVAC, and construction. Mueller's operations extend across multiple countries, enhancing its market presence globally.

Mueller Industries, Inc. (NYSE: MLI) reported a strong Q3 with operating income of $69.2 million, up from $46.3 million in the previous year. Net income rose to $42.7 million or 76 cents per diluted share, compared to $29.1 million or 52 cents in Q3 2019. Net sales reached $619.1 million, slightly higher than $608.6 million last year, primarily due to increased selling prices influenced by higher copper costs and contributions from acquisitions. The company incurred a $5.5 million loss on investment in Tecumseh Products. Cash generated from operations totaled $196.9 million year-to-date, with $113.6 million cash on hand.