earnings
confidence high
sentiment positive
materiality 0.85
Mueller Industries Q2 2021 EPS $1.92 vs $0.50; sales double to $1.01B
MUELLER INDUSTRIES INC
2021-Q2 EPS reported
$3.03
revenue$1,830,740,000
- Operating income $157.8M, up from $52.3M; net income $108.8M ($1.92 EPS) vs $28.0M ($0.50).
- Net sales $1.01B, more than double prior year $500.2M, driven by unit growth and higher copper prices.
- Retired $284.4M subordinated debentures in Q2, recording $5.7M redemption premium expense.
- Cash on hand $110.7M; debt to total capitalization 27%; current ratio 3.0.
- CEO expects strong demand and extended backlogs to continue through remainder of 2021.