Mueller Industries Q3 net income jumps to $171M, EPS $3.01 from $0.76

MUELLER INDUSTRIES INC

2021-Q3 EPS reported $6.04 revenue$2,812,988,000

Operating income of $233.4M vs $69.2M; net sales $982.2M vs $619.1M YoY.
EPS of $3.01, up from $0.76, aided by $50.1M gain from sale of two businesses.
COMEX copper averaged $4.30/lb, 47% higher than prior-year quarter.
Reduced debt by $230M; debt-to-capitalization below 10%, current ratio 2.7.
CEO cites continued solid demand and building backlogs; labor/supply constraints.

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