Mueller Industries Inc. (MLI)
Summary
Mueller Industries: Use The Intermediate Price Weakness To Access This Quality Business
Mueller Industries, which is in the business of supplying various copper, brass and aluminum products mainly for the construction markets has been underperforming its industrial peers on a YTD basis. MLI still benefits from leading market positions, consistent gross margins, a debt-free balance sheet, and record $1.4B cash, supporting both acquisitions and shareholder returns. MLI is priced at similar Fwd. P/E multiples as my last coverage, but this time round it is staring at solid forward positive earnings growth, and is cheaper than otherpeers.
Mueller Industries Q1 Review: There May Be Short-Term Pain Ahead
Mueller Industries delivered strong Q1 results, with net sales up 19% year-over-year and notable margin expansion. MLI's operating margin improvement was partly boosted by a one-time $41.4M gain; underlying margin gains remain solid but less dramatic. The company maintains a fortress balance sheet with $1.38B cash, no long-term debt, and ongoing share buybacks and dividend increases.
CPC Advisors LLC Has $7 Million Stock Holdings in Mueller Industries, Inc. $MLI
CPC Advisors LLC decreased its holdings in Mueller Industries, Inc. (NYSE: MLI) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,980 shares of the industrial products company's stock after selling 4,086 shares during the quarter. CPC Advisors LLC
Mueller Industries Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 15,350 | $670,144.81 | $887,844 | $217,699.19 | 32.49% |
| CE Curtis Ellergodt Rothschild Investment LLC | 10,266 | $540,545.69 | $593,785.44 | $53,239.75 | 9.85% |
| SAO Sherry A. O'Brien Anderson Hoagland & Co | 92,006 | $1.15M | $5.32M | $4.17M | 363.24% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 188,818 | $10.84M | $10.92M | $83,079.92 | 0.77% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 2,116 | $81,178.83 | $121,289.12 | $40,110.29 | 49.41% |
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Mueller Industries Inc. Profile
| Metals & Mining Industry | Materials Sector | Gregory L. Christopher CEO | NYSE Exchange | 624756102 CUSIP |
| US Country | 5,168 Employees | 5 Jun 2026 Last Dividend | 1 Jul 2026 Last Split | 25 Feb 1991 IPO Date |
Overview
Mueller Industries, Inc., with its foundation laid in 1917, has established itself as a prominent manufacturer and distributor of copper, brass, aluminum, and plastic products, catering to a global market that includes the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. The company’s operations are diversified across three primary segments: Piping Systems, Industrial Metals, and Climate, each targeting specific market needs and delivering specialized products. Headquartered in Collierville, Tennessee, Mueller Industries has well-positioned itself as a key supplier for various industries, including plumbing, refrigeration, HVAC, industrial, construction, and manufacturing, by leveraging its extensive product range and international presence.
Products and Services
- Piping Systems
This segment focuses on the manufacturing and selling of copper tubes, fittings, line sets, and pipe nipples. In addition, it offers steel pipes, brass and plastic plumbing valves, malleable iron fittings and faucets, and various plumbing specialties. Moreover, it supplies water tubes and operates as a primary source for wholesalers in the plumbing and refrigeration markets, distributors to manufactured housing and recreational vehicle industries, building material retailers, and air-conditioning OEMs.
- Industrial Metals
Specializing in the production of brass, bronze, and copper alloy rods, this segment also covers the manufacturing of plumbing brass, valves, fittings, gas assemblies, cold-form aluminum and copper products, and the machining of metals including aluminum, steel, and brass. Brass and aluminum forgings, valves across materials, fluid control solutions, and gas train assemblies are also key offerings, catered primarily to OEMs within the industrial, construction, HVAC, plumbing, and refrigeration markets.
- Climate
This segment delivers a broad range of products aimed at commercial HVAC and refrigeration markets, encompassing valves, protection devices, brass fittings, high-pressure components and accessories for air-conditioning and refrigeration, coaxial heat exchangers, and twisted tubes for various applications including HVAC, geothermal, swimming pool heat pump, marine, ice machine, commercial boiler, and heat reclamation markets. Additionally, it offers insulated HVAC flexible duct systems, emphasizing Mueller Industries' focus on climate control solutions.
