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Last $31.99 USD
Change Today +0.15 / 0.47%
Volume 154.3K
MLI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

mueller industries inc (MLI) Snapshot

Open
$31.75
Previous Close
$31.84
Day High
$32.32
Day Low
$31.62
52 Week High
04/15/15 - $37.18
52 Week Low
10/13/14 - $27.10
Market Cap
1.8B
Average Volume 10 Days
197.1K
EPS TTM
$1.59
Shares Outstanding
57.0M
EX-Date
05/28/15
P/E TM
20.1x
Dividend
$0.30
Dividend Yield
0.94%
Current Stock Chart for MUELLER INDUSTRIES INC (MLI)

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mueller industries inc (MLI) Details

Mueller Industries, Inc. manufactures and sells plumbing, heating, ventilation, and air-conditioning products, as well as refrigeration and industrial products in the United States, Canada, Mexico, Great Britain, and China. Its Plumbing & Refrigeration segment offers copper tubes in straight lengths and coils; and copper and plastic fittings, line sets, plastic pipes, valves, and related components for use in water distribution systems, heating systems, air-conditioning, and refrigeration applications, as well as for drainage, waste, and vent systems. It also fabricates steel pipe nipples; and resells imported brass and plastic plumbing valves, malleable iron fittings, faucets, and plumbing specialty products to plumbing wholesalers and building materials retailers, as well as to distributors of manufactured housing and recreational vehicle industries. This segment markets its products through its sales offices and distribution centers, and a network of agents. The company’s Original Equipment Manufacturers (OEM) segment manufactures and sells brass, bronze, and copper alloy rods for applications that require a high degree of machinability, wear and corrosion resistance, and electrical conductivity; brass and aluminum forgings for use in various products, including automotive components, brass fittings, industrial machinery, valve bodies, gear blanks, and computer hardware; and cold-formed aluminum and copper impact extrusions for use in automotive, military ordnance, aerospace, and general manufacturing industries. It also manufactures and fabricates valves and custom OEM products for refrigeration and air-conditioning, gas appliance, and barbecue grill applications; and manufactures shaped and formed tubes for baseboard heating, appliances, and medical instruments. This segment sells its products directly to OEM customers, as well as to other manufacturers and distributors. The company was founded in 1900 and is headquartered in Memphis, Tennessee.

3,850 Employees
Last Reported Date: 02/24/15
Founded in 1900

mueller industries inc (MLI) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $900.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $270.0K
President of Global and Retail Business
Total Annual Compensation: $379.0K
President of Extruded Products
Total Annual Compensation: $300.0K
President of Fabricated Products and HVACR B...
Total Annual Compensation: $281.1K
Compensation as of Fiscal Year 2014.

mueller industries inc (MLI) Key Developments

Mueller Industries Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 27, 2015

Mueller Industries Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 27, 2015. The company reported net income of $33.7 million, or $0.59 per diluted share, for the second quarter of 2015.  This compares to net income of $35.0 million, or $0.62 per diluted share during the second quarter of 2014.  Excluding unusual items, net income from normal operations for the second quarter of 2015 was $26.9 million or $0.47 per diluted share, compared with $31.6 million, or $0.56 per diluted share for the second quarter of 2014. Net sales were $555.6 million compared with $649.7 million for the same quarter of the prior year.  Approximately $44.1 million of the decline was due to lower unit volumes, $36.6 million was due to lower selling prices as a result of lower copper prices, and $17.7 million of the decrease was due to divestitures of businesses during 2014. Operating income was $55.554 million against $48.204 million a year ago. Income before income taxes was $53.600 million against $46.874 million a year ago. Net income attributable to Mueller Industries Inc. was $33.651 million against $35.045 million a year ago. For the six-month period, the company reported net sales were $1,092.835 million against $1,224.065 million a year ago. Operating income was $91.278 million against $86.511 million a year ago. Income before income taxes was $87.353 million against $84.243 million a year ago. Net income attributable to Mueller Industries Inc. was $55.629 million or $0.98 diluted per share against $59.751 million or $1.05 diluted per share a year ago. Net cash provided by operating activities was $17.150 million against net cash used in operating activities of $50.881 million a year ago. Capital expenditures were $15.969 million against $18.833 million a year ago.

Mueller Industries, Inc. Declares Regular Quarterly Cash Dividend, Payable June 15, 2015

Mueller Industries Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of 7.5 cents per share on its common stock. The dividend will be payable June 15, 2015, to shareholders of record on June 1, 2015.

Mueller Industries, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 28, 2015; Provides Production Outlook for the Second Quarter of 2015

Mueller Industries Inc. reported unaudited consolidated earnings results for the first quarter ended March 28, 2015. The company announced that net income attributable to the company for the first quarter of 2015 was $22.0 million, or 39 cents per diluted share, compared with net income of $24.7 million, or 44 cents per diluted share, for the same period of 2014. Net sales for the first quarter of 2015 were $537.2 million compared with $574.4 million for the same quarter of the prior year. Despite unit volume increase of 3.6% over the same period in 2014, net sales decreased due primarily to lower copper costs that impacted the selling prices of the company's core products. First quarter of 2014 operating income benefited from $4.5 million of unusual items. There were no such items in the first quarter of 2015. Operating income was $35,724,000 compared to $38,307,000 a year ago. Income before income taxes was $33,753,000 compared to $37,369,000 a year ago. As the company head into the second quarter, demand remains healthy as the economy continues its upward trend. The company expects to fully catch up production and service in the second quarter for the businesses hindered by the weather related challenges.

 

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Industry Analysis

MLI

Industry Average

Valuation MLI Industry Range
Price/Earnings 18.6x
Price/Sales 0.8x
Price/Book 2.2x
Price/Cash Flow 13.9x
TEV/Sales 0.6x
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