earnings
confidence high
sentiment neutral
materiality 0.60
Mueller Industries Q3 EPS $2.74, net sales $944.8M; adjusted op income up 15%
MUELLER INDUSTRIES INC
2022-Q3 EPS reported
$9.17
revenue$3,104,874,000
- EPS $2.74 down from $3.01; net income $154.5M vs $171.0M.
- Operating income $205.2M; adjusted for prior-year divestiture gain, up 15%.
- Net sales $944.8M, down 3.8% due to divestitures, lower copper prices, and volume declines.
- Cash at quarter end $483.5M, up $395.6M from year-end; generated $312.4M from ops.
- Copper tube and brass rod volumes down 14%; value-added business sales up 22%.