Mueller Industries (MLI) Tops Q3 EPS by 39c, Revenues Miss

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Go back to Mueller Industries (MLI) Tops Q3 EPS by 39c, Revenues Miss

Mueller Industries, Inc. Reports Third Quarter 2022 Earnings

October 18, 2022 7:00 AM EDT

COLLIERVILLE, Tenn.--(BUSINESS WIRE)-- Mueller Industries, Inc. (NYSE: MLI) announces results for the third quarter of 2022. All comparisons are to the prior year quarter (which included a $54.8 million pre-tax gain from divestitures).

Operating Income of $205.2 million versus $233.4 million. Adjusting for the aforementioned gain, this reflects a 15 percent increase versus the prior year period. Net Income of $154.5 million versus $171.0 million EPS of $2.74 versus $3.01 Net Sales of $944.8 million versus $982.2 million

Third Quarter Financial and Operating Highlights:

The absence of businesses... More