MLI Stock - Mueller Industries, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $3.77B | $3.42B | $3.98B | $3.77B | $2.40B |
| Gross Profit | $1.04B | $986.83M | $1.12B | $830.36M | $431.88M |
| Gross Margin | 27.7% | 28.9% | 28.1% | 22.0% | 18.0% |
| Operating Income | $770.39M | $756.05M | $877.15M | $655.85M | $245.84M |
| Net Income | $604.88M | $602.90M | $658.32M | $468.52M | $139.49M |
| Net Margin | 16.0% | 17.6% | 16.5% | 12.4% | 5.8% |
| EPS | $5.43 | $5.41 | $5.90 | $4.18 | $1.25 |
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; PEX plumbing and radiant systems; and plumbing-related fittings and plastic injection tooling. 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, and fittings; 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; insulated HVAC flexible duct systems; and brazed manifolds, headers, and distributor assemblies. The company was founded in 1917 and is headquartered in Collierville, Tennessee.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 11th 2024 | Northcoast | Upgrade | Buy | $105 |
| January 19th 2024 | Northcoast | Downgrade | Neutral | - |
Earnings History & Surprises
MLIEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 20, 2026 | — | — | — | — |
Q1 2026 | Feb 3, 2026 | — | — | — | — |
Q4 2025 | Oct 21, 2025 | $1.62 | $1.88 | +16.0% | ✓ BEAT |
Q3 2025 | Jul 22, 2025 | $1.65 | $1.96 | +18.8% | ✓ BEAT |
Q2 2025 | Apr 22, 2025 | $1.31 | $1.39 | +6.1% | ✓ BEAT |
Q1 2025 | Feb 4, 2025 | $1.12 | $1.21 | +8.0% | ✓ BEAT |
Q4 2024 | Oct 22, 2024 | $1.32 | $1.48 | +12.1% | ✓ BEAT |
Q3 2024 | Jul 23, 2024 | $1.29 | $1.41 | +9.3% | ✓ BEAT |
Q2 2024 | Apr 23, 2024 | $1.05 | $1.21 | +15.2% | ✓ BEAT |
Q1 2024 | Feb 6, 2024 | $0.65 | $1.00 | +53.8% | ✓ BEAT |
Q4 2023 | Oct 24, 2023 | $0.51 | $1.18 | +131.4% | ✓ BEAT |
Q3 2023 | Jul 25, 2023 | $2.40 | $1.56 | -35.0% | ✗ MISS |
Q2 2023 | Apr 25, 2023 | $1.87 | $1.54 | -17.6% | ✗ MISS |
Q1 2023 | Feb 7, 2023 | $2.18 | $1.23 | -43.6% | ✗ MISS |
Q4 2022 | Oct 18, 2022 | $2.35 | $1.37 | -41.7% | ✗ MISS |
Q3 2022 | Jul 19, 2022 | $1.12 | $1.83 | +63.4% | ✓ BEAT |
Q2 2022 | Apr 19, 2022 | — | $1.39 | — | — |
Q1 2022 | Feb 1, 2022 | — | $1.11 | — | — |
Q4 2021 | Oct 19, 2021 | — | $1.13 | — | — |
Q3 2021 | Jul 20, 2021 | — | $0.96 | — | — |
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