earnings
confidence high
sentiment neutral
materiality 0.70
Mueller Q3 net income $132.7M ($1.17 EPS), sales $819.8M, down 13% YoY
MUELLER INDUSTRIES INC
2023-Q3 EPS reported
$4.26
revenue$2,687,968,000
- Net sales $819.8M vs $944.8M in Q3 2022; operating income $181.0M vs $205.2M.
- Diluted EPS of $1.17 versus $1.37 in prior-year quarter, adjusted for Oct. 20 stock split.
- Cash and short-term investments $1.10B; net cash from operations $247.7M in Q3.
- Sold majority interest in PEX plastic piping business on July 3, 2023 (prior-year sales $11.2M).
- Board declared 2-for-1 stock split (100% stock dividend) distributed Oct. 20, 2023.