Mueller Industries (MLI) Reports Q3 EPS of $0.76

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Go back to Mueller Industries (MLI) Reports Q3 EPS of $0.76

Mueller Industries, Inc. Reports Third Quarter 2020 Earnings

October 20, 2020 7:00 AM EDT

COLLIERVILLE, Tenn.--(BUSINESS WIRE)-- Mueller Industries, Inc. (NYSE: MLI) announced third quarter operating income of $69.2 million, compared with $46.3 million for the prior year period.

Net income for the period was $42.7 million, or 76 cents per diluted share, compared to net income of $29.1 million, or 52 cents per diluted share in 2019. Net sales were $619.1 million, compared with $608.6 million in the third quarter of 2019.

Third Quarter Financial and Operating Highlights:

COMEX copper averaged $2.94 per pound, 12 percent higher than the prior year period. The $10.5 million increase in... More