Mueller Q2 EPS $3.65 vs $1.92; revenue $1.15B up 13.6% YoY

MUELLER INDUSTRIES INC

2022-Q2 EPS reported $6.43 revenue$2,160,044,000

Net income $206.6M ($3.65 EPS) vs $108.8M ($1.92 EPS) in prior year quarter.
Operating income $268.9M, up 70% from $157.8M; revenue rose 13.6% to $1.15B.
Cash from operations $142M; period-end cash $202.5M; net debt zero.
Value-added businesses grew 33%; U.S. copper tube volume slightly up; international tube sales down 17%.
CEO cites twelfth consecutive quarter of operating income growth; expects near-term headwinds but healthy demand.

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