Mueller Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 01, 2023
July 25, 2023 at 12:00 pm
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Mueller Industries, Inc. reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported sales was USD 896.98 million compared to USD 1,150.04 million a year ago. Net income was USD 177.71 million compared to USD 206.55 million a year ago. Basic earnings per share from continuing operations was USD 1.595 compared to USD 1.85 a year ago. Diluted earnings per share from continuing operations was USD 1.56 compared to USD 1.825 a year ago.
For the six months, sales was USD 1,868.18 million compared to USD 2,160.04 million a year ago. Net income was USD 350.95 million compared to USD 364.87 million a year ago. Basic earnings per share from continuing operations was USD 3.15 compared to USD 3.26 a year ago. Diluted earnings per share from continuing operations was USD 3.095 compared to USD 3.215 a year ago.
Mueller Industries, Inc. is a manufacturer of copper, brass, aluminum and plastic products. Its products include copper tube and fittings; line sets; steel nipples; brass rod, bar and shapes; aluminum and brass forgings; aluminum impact extrusions; compressed gas valves; refrigeration valves and fittings; pressure vessels; coaxial heat exchangers and insulated flexible duct systems. It also resells brass and plastic plumbing valves, plastic fittings, malleable iron fittings, faucets, and plumbing specialty products. The Company has three segments. Piping Systems segment is composed of Domestic Piping Systems Group, Great Lakes Copper, European Operations, Trading Group, Jungwoo Metal Ind. Co., LTD and Mueller Middle East WLL. Industrial Metals segment is composed of Brass Rod, Impacts & Micro Gauge, Brass Value-Added Products, and Precision Tube. Climate segment is composed of Refrigeration Products, Westermeyer Industries, Inc., Turbotec Products, Inc., Flex Duct and Linesets, Inc.
MUELLER INDUSTRIES, INC. 
