earnings
confidence high
sentiment positive
materiality 0.85
Mueller Industries Q1 EPS $2.78 vs $1.11; revenue up 24%; dividend doubled to $0.25
MUELLER INDUSTRIES INC
2022-Q1 EPS reported
$2.78
revenue$1,010,002,000
- Operating income of $212.7M, up from $92.5M; net income $158.3M vs $63.1M.
- EPS $2.78 vs $1.11; net sales $1.01B vs $818.1M, driven by higher copper prices and acquisitions.
- Quarterly dividend increased from $0.13 to $0.25 per share.
- Cash $139M with no net debt; gross margin improved 800 bps.
- CEO says building construction demand remains healthy; outlook consistent with year-end report.