secwatch.observer — SEC 8-K summary
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Issuer:     MUELLER INDUSTRIES INC (MLI)
CIK:        0000089439
Form:       8-K
Filed at:   2021-07-20T23:59:59+00:00
Accession:  0000089439-21-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mueller Industries Q2 2021 EPS $1.92 vs $0.50; sales double to $1.01B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/89439/000008943921000043/0000089439-21-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/89439/000008943921000043/mli-20210720.htm
  HTML page:      https://secwatch.observer/filing/0000089439-21-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer