Mueller Industries (MLI) Reports Q2 EPS of $0.50

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Mueller Industries, Inc. Reports Second Quarter 2020 Earnings

July 21, 2020 7:00 AM EDT

COLLIERVILLE, Tenn.--(BUSINESS WIRE)-- Mueller Industries, Inc. (NYSE: MLI) announced second quarter operating income of $52.3 million, compared with $51.5 million for the prior year period.

Net income for the second quarter was $28.0 million, or 50 cents per diluted share, the same as reported for 2019. Net sales were $500.2 million, compared with $666.4 million in the second quarter of 2019.

Second Quarter Financial and Operating Highlights:

On average, COMEX copper traded 13 percent lower during the quarter versus the same period of 2019. Approximately $29.0 million of the quarter-over-quarter decline... More