---
schema_version: "secwatch.filing_event.v1"
accession: "0000089439-23-000028"
form_type: "8-K"
ticker: "MLI"
cik: "0000089439"
company_name: "MUELLER INDUSTRIES INC"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T17:58:18.456845+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mueller Industries Q1 net income $173.2M, EPS $3.07, sales down 3.8% to $971.2M; dividend raised 20% to $0.30

## Summary
- Operating income $229.1M (+7.7% YoY); net income $173.2M (+9.4%); EPS $3.07 vs $2.78.
- Net sales $971.2M (-3.8%) due to lower copper prices and international volume, offset by higher value-add downstream sales.
- Quarterly dividend increased 20% to $0.30 per share; cash and short-term investments $782.4M; no net debt.
- Tornado damaged Covington, TN factory; insurance expected to cover property and business interruption losses; impact deemed immaterial.
- Cash from operations $111.6M; current ratio 4.3 to 1.

## SEC filing metadata
- accession: 0000089439-23-000028
- form_type: 8-K
- ticker: MLI
- cik: 0000089439
- company_name: MUELLER INDUSTRIES INC
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/89439/000008943923000028/0000089439-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/89439/000008943923000028/mli-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000089439-23-000028
- JSON: https://secwatch.observer/filing/0000089439-23-000028.json
- Plain text: https://secwatch.observer/filing/0000089439-23-000028.txt

## Key facts
- Earnings Releases
  MUELLER INDUSTRIES INC reported first quarter ended April 1, 2023 results: revenue $971.2 million, net income $173.2 million, EPS $3.07.
  - Period: first quarter ended April 1, 2023
  - Revenue: $971.2 million
  - Net income: $173.2 million
  - EPS: $3.07
  - Result: reported results
  source text: Results as compared with the first quarter of 2022 include: • Operating Income of $229.1 million versus $212.7 million, an increase of 7.7%. • Net Income of $173.2 million versus $158.3 million, an increase of 9.4%. • EPS of $3.07 versus $2.78, an increase of 10.4%. • Net Sales of $971.2 million versus $1.01 billion, a decrease of 3.8%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/89439/000008943923000028/0000089439-23-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.