Mueller Industries, Inc. Announces 25 Percent Increase in Quarterly Dividend
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--For the fifth consecutive year, Mueller Industries, Inc. (NYSE: MLI) has announced a double digit increase to its quarterly dividend. The Board of Directors has declared a regular quarterly cash dividend of $.25 per share, to be paid on March 28, 2025 to stockholders of record as of the close of business on March 14, 2025. This represents a 25 percent increase over the 2024 quarterly dividend. Mueller Industries, Inc. (NYSE: MLI) is an industrial corporatio.
Mueller Industries Earnings Preview: Outstanding Performance, Muddied By Uncertainty
Mueller Industries, Inc. is expected to report Q4 and full-year 2024 results with $1.12 EPS and $893M in revenues, reflecting a 22% y/y growth. Analysts often underestimate MLI's potential; the company has consistently beaten EPS estimates, suggesting a likelihood of positive surprises. Concerns include potential margin declines, election-related uncertainties, and the impact of domestic manufacturing policies on costs and international growth.
North America Plumbing Parts Market Research Report 2024-2029, with Key Vendor Analysis of Central States Industrial, McWane, Morris Group, Mueller Industries Reliance Worldwide and Uponor
Rise in Remodelling & Renovating Activities and Government Investments in Infrastructure Drives Market Growth Rise in Remodelling & Renovating Activities and Government Investments in Infrastructure Drives Market Growth
Mueller Industries, Inc. Declares Cash Dividend for Fourth Quarter
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular cash dividend on its common stock of 20 cents per share. The dividend will be paid on December 20, 2024 to shareholders of record on December 6, 2024. Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservatio.
Mueller is a Copper Powerhouse
Mueller Industries, Inc. (MLI) is a big-time player in copper, making its shares rise.
Mueller Industries, Inc. Reports Third Quarter 2024 Earnings
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announces results for the third quarter of 2024. Comparisons are to the third quarter of 2023. Net Sales of $997.8 million versus $819.8 million Operating Income of $206.7 million versus $181.0 million Earnings Before Taxes of $217.8 million versus $189.0 million Net Income of $168.7 million versus $132.7 million Diluted EPS of $1.48 versus $1.171 Third Quarter Financial and Operating Highlights: COMEX copper averaged $4.
Mueller Industries: A Wonderful Company At A Fair Price
Mueller Industries has delivered over 487% TSR in five years, significantly outperforming the SPY, and remains attractively valued with strong profitability and returns. Revenues grew from $2.43B in 2019 to $3.4B TTM, with NOPAT compounding at 32% annually, boosting ROIC from 8.9% to 25%. Management has created $1.77B in shareholder value since 2019, but recent declines in NOPAT margins and FCF warrant close monitoring.
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The Transformation Continues For Mueller Industries
Mueller Industries' margins have remained strong despite declining copper prices, indicating a fundamental change in their business model. The company has announced a significant acquisition, signaling a shift in their strategy towards horizontal acquisitions. The acquisition of Nehring Electrical Works Company could potentially boost Mueller Industries' EBITDA and EPS.
Mueller Industries, Inc. Completes Acquisition of Nehring Electrical Works Company
COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) today announced that it has completed its acquisition of Nehring Electrical Works Company and certain of its affiliated companies (collectively, “Nehring”). Founded in 1912 and headquartered in DeKalb, Illinois, Nehring produces high-quality wire and cable solutions for the utility, telecommunication, electrical distribution, and OEM markets. The acquisition of Nehring provides a substantial platform for long-term growth.
