secwatch.observer — SEC 8-K summary
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Issuer:     MUELLER INDUSTRIES INC (MLI)
CIK:        0000089439
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000089439-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mueller Industries Q4 net income down 14.2% to $119.2M; EPS $1.05
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- Q4 net sales $732.4M (-16.5% YoY); net income $119.2M (-14.2%); diluted EPS $1.05.
- Full year 2023 net sales $3.4B (-14.1% YoY); net income $602.9M (-8.4%); EPS $5.30.
- Operating cash flow $174.3M in Q4, $672.8M for year; cash & short-term investments $1.3B.
- Recorded $11.6M reserve for pending legal matter at unconsolidated affiliate Tecumseh Products Co.
- Tornado-related insurance recovery on Covington, TN operations expected in H2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/89439/000008943924000008/0000089439-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/89439/000008943924000008/mli-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000089439-24-000008

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