8-K
filed February 7, 2023, 6:59 PM ET
ticker MLI
CIK 0000089439
earnings
confidence high
sentiment positive
materiality 0.75
Mueller Industries Q4 EPS $2.46, up 11.3% YoY; full-year EPS $11.64, up 41.1%
MUELLER INDUSTRIES INC
2022-FY EPS reported
$11.64
revenue$3,982,455,000
- Q4 2022 operating income $190.4M (+10.6% YoY) on net sales $877.6M (-8.2% YoY); net income $138.9M.
- Full-year 2022 EPS $11.64, up 41.1% from $8.25; net income $658.3M vs $468.5M in 2021.
- Unit volumes in mill businesses fell 11% YoY, offset by 22% growth in higher-value businesses, led by climate segment.
- Recorded $13.1M charge for multi-employer pension plan withdrawal, eliminating long-term financial risk.
- Cash from operations $723.9M for 2022; cash and short-term investments $678.9M; current ratio 4:1.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
MUELLER INDUSTRIES INC reported the fiscal year ended December 31, 2022 results: revenue $4.0 billion, net income $658.3 million, EPS $11.64.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $4.0 billion
- Net income
- $658.3 million
- EPS
- $11.64
- Result
- reported results
Exact text from the filing
• Operating income: $877.1 million vs $655.8 million, up 33.7%. • Net sales: $4.0 billion vs $3.8 billion, up 5.7%. • Net income: $658.3 million vs $468.5 million, up 40.5%. • Diluted EPS: $11.64 vs $8.25, up 41.1%.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
MUELLER INDUSTRIES INC reported the fourth quarter of 2022 results: revenue $877.6 million, net income $138.9 million, EPS $2.46.
- Period
- the fourth quarter of 2022
- Revenue
- $877.6 million
- Net income
- $138.9 million
- EPS
- $2.46
- Result
- reported results
Exact text from the filing
• Operating income: $190.4 million vs $172.1 million, up 10.6%. • Net sales: $877.6 million vs $956.4 million, down 8.2%. • Net income: $138.9 million vs $125.6 million, up 10.6%. • Diluted EPS: $2.46 vs $2.21, up 11.3%.
View on SEC.gov
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