---
schema_version: "secwatch.filing_event.v1"
accession: "0000089439-23-000050"
form_type: "8-K"
ticker: "MLI"
cik: "0000089439"
company_name: "MUELLER INDUSTRIES INC"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:47:32.145086+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mueller Industries Q2: operating income $210.7M, down 22% YoY; EPS $3.12 vs $3.65

## Summary
- Net sales $897M, down 22% from $1.15B, driven by demand normalization and 11% lower COMEX copper.
- Operating income $210.7M vs $268.9M; net income $177.7M; diluted EPS $3.12 vs $3.65.
- Tornado damaged copper fitting plant; brass rod fire disrupted production for three weeks during quarter.
- Westermeyer fire insurance settlement recorded $19.5M gain; plant operates at 80-85% pre-fire capacity.
- Cash and ST investments $898.4M, up $116M; current ratio increased to 5.4:1.

## SEC filing metadata
- accession: 0000089439-23-000050
- form_type: 8-K
- ticker: MLI
- cik: 0000089439
- company_name: MUELLER INDUSTRIES INC
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/89439/000008943923000050/0000089439-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/89439/000008943923000050/mli-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000089439-23-000050
- JSON: https://secwatch.observer/filing/0000089439-23-000050.json
- Plain text: https://secwatch.observer/filing/0000089439-23-000050.txt

## Key facts
- Earnings Releases
  MUELLER INDUSTRIES INC reported the quarter ended July 1, 2023 results: revenue $897.0 million, net income $177.7 million, EPS $3.12.
  - Period: the quarter ended July 1, 2023
  - Revenue: $897.0 million
  - Net income: $177.7 million
  - EPS: $3.12
  - Result: reported results
  source text: Mueller Industries, Inc. Reports Second Quarter 2023 Earnings COLLIERVILLE, Tenn., July 25, 2023 -- Mueller Industries, Inc. (NYSE: MLI) announces results for the second quarter of 2023. Comparisons are to the second quarter of 2022, which, for context, yielded the highest quarterly earnings on record and a 70 percent increase in operating income over the same period in 2021. • Operating Income of $210.7 million versus $268.9 million • Net Income of $177.7 million versus $206.6 million • Diluted EPS of $3.12 versus $3.65 • Net Sales of $897.0 million versus $1.15 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/89439/000008943923000050/0000089439-23-000050-index.htm

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