secwatch.observer — SEC 8-K summary
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Issuer:     MUELLER INDUSTRIES INC (MLI)
CIK:        0000089439
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0000089439-23-000068
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mueller Q3 net income $132.7M ($1.17 EPS), sales $819.8M, down 13% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/89439/000008943923000068/0000089439-23-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/89439/000008943923000068/mli-20231024.htm
  HTML page:      https://secwatch.observer/filing/0000089439-23-000068

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