secwatch.observer — SEC 8-K summary
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Issuer:     MUELLER INDUSTRIES INC (MLI)
CIK:        0000089439
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000089439-24-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mueller Industries Q2 2024 EPS falls to $1.41 from $1.56; revenue up 11% to $997.7M
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- Q2 net sales $997.7M (+11.2% YoY); diluted EPS $1.41 vs $1.56 (-9.6%).
- Operating income $210.0M flat; excluding $19.5M prior-year insurance gain, adjusted operating income rose 9.8%.
- Cash from ops $100.8M; cash $825.7M; deployed $566.6M for acquisitions and $15.1M in stock buybacks.
- Completed acquisition of Nehring Electrical Works during quarter; CEO expects expansion in energy infrastructure space.
- COMEX copper average $4.55/lb, up 18.4% YoY; company cites persistent inflation and restrained construction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/89439/000008943924000042/0000089439-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/89439/000008943924000042/mli-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000089439-24-000042

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