---
schema_version: "secwatch.filing_event.v1"
accession: "0000089439-24-000021"
form_type: "8-K"
ticker: "MLI"
cik: "0000089439"
company_name: "MUELLER INDUSTRIES INC"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:55:21.657819+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mueller Q1 net income $138.4M ($1.21 EPS), sales $849.7M, declines YoY

## Summary
- Net income down 20% to $138.4M from $173.2M; diluted EPS $1.21 vs $1.54 YoY.
- Net sales $849.7M, down 12.5% from $971.2M, on lower residential demand and copper prices.
- COMEX copper average $3.86/lb (-5.6%); Tecumseh investment loss of $10.3M.
- Cash from operations $173.6M; cash balance $1.36B; current ratio 6.0x.
- CEO expects demand rebound; completing acquisition of Nehring Electrical Works.

## SEC filing metadata
- accession: 0000089439-24-000021
- form_type: 8-K
- ticker: MLI
- cik: 0000089439
- company_name: MUELLER INDUSTRIES INC
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/89439/000008943924000021/0000089439-24-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/89439/000008943924000021/mli-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000089439-24-000021
- JSON: https://secwatch.observer/filing/0000089439-24-000021.json
- Plain text: https://secwatch.observer/filing/0000089439-24-000021.txt

## Key facts
- Earnings Releases
  MUELLER INDUSTRIES INC reported first quarter of 2024 results: revenue $849.7 million, net income $138.4 million, EPS $1.21.
  - Period: first quarter of 2024
  - Revenue: $849.7 million
  - Net income: $138.4 million
  - EPS: $1.21
  - Result: reported results
  source text: Comparisons are to the first quarter of 2023. • Net Income of $138.4 million versus $173.2 million • Earnings Before Taxes of $201.6 million versus $237.4 million • Net Sales of $849.7 million versus $971.2 million • Diluted EPS* of $1.21 versus $1.54 (*adjusted retroactively to reflect the two-for-one stock split that took effect on October 20, 2023) First Quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/89439/000008943924000021/0000089439-24-000021-index.htm

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