MUELLER INDUSTRIES INC
Business
Mueller Industries is a leading manufacturer of copper, brass, and aluminum products including copper tube and fittings, line sets, steel nipples, brass rod and shapes, aluminum and brass forgings, refrigeration and compressed gas valves, pressure vessels, insulated flexible duct systems, and wire and cable solutions, along with resale of plumbing and specialty products. The company operates three reportable segments: Piping Systems, Industrial Metals, and Climate, serving HVAC, refrigeration, plumbing, construction, automotive, and industrial markets across North America, Europe, Asia, and the Middle East.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 4,179 | 3,769 | 3,420 | 3,982 | 3,769 | |
| Cost of goods sold | 2,966 | 2,724 | 2,434 | 2,865 | 2,939 | |
| Depreciation and amortization | 69 | 53 | 40 | 44 | 45 | |
| Selling, general, and administrative expense | 249 | 227 | 208 | 203 | 184 | |
| Gain on sale of businesses | 0 | 0 | −4 | 0 | −58 | |
| Gain on disposal of assets, net | −26 | −6 | 0 | −6 | 0 | |
| Impairment charges | 4 | 0 | 6 | 0 | 3 | |
| Gain on insurance proceeds | −41 | 0 | −19 | 0 | 0 | |
| Operating income | 959 | 770 | 756 | 877 | 656 | |
| Interest expense | −108,000 | −410,000 | −1 | −810,000 | — | |
| Interest income | 41 | 53 | 38 | 6 | 353,000 | |
| Realized and unrealized gains on short-term investments | 19 | 900,000 | 42 | 3 | 0 | |
| Gain on extinguishment of NMTC liability | 0 | 1 | 8 | 0 | 0 | |
| Environmental expense | −2 | −2 | −825,000 | −1 | −5 | |
| Pension plan termination expense | −5 | 0 | 0 | −13 | 0 | |
| Other income (expense), net | 1 | −3 | 4 | 5 | 3 | |
| Income before income taxes | 1,012 | 820 | 845 | 876 | 641 | |
| Income tax expense | −247 | −205 | −221 | −223 | −166 | |
| Income (loss) from unconsolidated affiliates, net of foreign tax | 9 | 2 | −15 | 10 | −157,000 | |
| Consolidated net income | 774 | 618 | 610 | 663 | 475 | |
| Net income attributable to noncontrolling interests | −8 | −13 | −7 | −5 | −7 | |
| Net income attributable to Mueller Industries, Inc. | 765 | 605 | 603 | 658 | 469 | |
| Weighted average shares for basic earnings per share (in shares) | 109 | 111 | 111 | 112 | 112 | |
| Effect of dilutive stock-based awards (in shares) | 2 | 3 | 2 | 2 | 2 | |
| Adjusted weighted average shares for diluted earnings per share (in shares) | 111 | 114 | 114 | 113 | 114 | |
| Basic earnings per share (in dollars per share) | 6.99 | 5.43 | 5.41 | 5.9 | 4.18 | |
| Diluted earnings per share (in dollars per share) | 6.86 | 5.31 | 5.3 | 5.82 | 4.12 | |
| Dividends per share (in dollars per share) | 1 | 0.8 | 0.6 | 0.5 | 0.26 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,367 | 1,037 | 1,171 | 461 | 88 | |
| Short-term investments | 23 | 22 | 98 | 218 | 0 | |
| Accounts receivable, less allowance for credit losses of $2,545 in 2025 and $3,724 in 2024 | 476 | 450 | 352 | 380 | 472 | |
| Inventories | 510 | 462 | 380 | 449 | 430 | |
| Other current assets | 70 | 41 | 39 | 27 | 29 | |
| Total current assets | 2,446 | 2,012 | 2,040 | 1,535 | 1,019 | |
| Property, plant, and equipment, net | 536 | 515 | 385 | 380 | 386 | |
| Operating lease right-of-use assets | 27 | 33 | 35 | 23 | 24 | |
| Goodwill, net | 298 | 311 | 152 | 158 | 171 | |
| Intangible assets, net | 287 | 306 | 46 | 55 | 62 | |
| Investment in unconsolidated affiliates | 109 | 88 | 83 | 72 | 61 | |
| Other noncurrent assets | 30 | 25 | 17 | 20 | 7 | |
| Total Assets | 3,733 | 3,291 | 2,759 | 2,242 | 1,729 | |
| Current portion of debt | 0 | 1 | 796,000 | 811,000 | 811,000 | |
| Accounts payable | 181 | 174 | 120 | 128 | 181 | |
| Accrued wages and other employee costs | 58 | 60 | 56 | 62 | 50 | |
| Current portion of operating lease liabilities | 9 | 8 | 8 | 5 | 6 | |
| Other current liabilities | 166 | 155 | 132 | 153 | 145 | |
| Total current liabilities | 413 | 398 | 317 | 348 | 382 | |
| Pension liabilities | 212,000 | 3 | 3 | 4 | 6 | |
| Postretirement benefits other than pensions | 8 | 8 | 9 | 9 | 12 | |
| Environmental reserves | 16 | 15 | 15 | 16 | 18 | |
| Deferred income taxes | 32 | 26 | 19 | 16 | 14 | |
| Noncurrent operating lease liabilities | 19 | 25 | 27 | 17 | 17 | |
| Other noncurrent liabilities | 9 | 12 | 10 | 16 | 22 | |
| Total liabilities | 497 | 486 | 401 | 428 | 472 | |
| Preferred stock - $1.00 par value; shares authorized 5,000,000; none outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock - $.01 par value; shares authorized 250,000,000; issued 160,366,008; outstanding 111,179,750 in 2025 and 113,751,127 in 2024 | 2 | 2 | 2 | 802,000 | 802,000 | |
| Additional paid-in capital | 345 | 331 | 312 | 297 | 286 | |
| Retained earnings | 3,762 | 3,108 | 2,594 | 2,060 | 1,458 | |
| Accumulated other comprehensive loss | −51 | −80 | −47 | −64 | −53 | |
| Treasury common stock, at cost | −847 | −587 | −523 | −503 | −470 | |
| Total Mueller Industries, Inc. stockholders' equity | 3,210 | 2,773 | 2,337 | 1,791 | 1,222 | |
| Noncontrolling interests | 26 | 31 | 21 | 23 | 35 | |
| Total equity | 3,236 | 2,804 | 2,359 | 1,814 | 1,257 | |
| Commitments and contingencies | 0 | 0 | 0 | 0 | 0 | |
| Total Liabilities and Equity | 3,733 | 3,291 | 2,759 | 2,242 | 1,729 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 48 | 39 | 35 | 38 | 39 | |
| Amortization of intangibles | 21 | 14 | 5 | 6 | 6 | |
| Amortization of debt issuance costs | 0 | 243,000 | 870,000 | 357,000 | 265,000 | |
| Dividends from unconsolidated affiliates | 7 | 5 | 0 | 0 | — | |
| Insurance proceeds - noncapital related | 15 | 19 | 10 | 2 | 0 | |
| Gain on sale of securities | −17 | −365,000 | −17 | 0 | 0 | |
| Stock-based compensation expense | 27 | 27 | 23 | 18 | 10 | |
| Provision for doubtful accounts receivable | 143,000 | 1 | −84,000 | 323,000 | 1 | |
| Gain on disposals of assets, net | −26 | −6 | −1,000 | −6 | −769,000 | |
| Unrealized gains on short-term investments | −2 | −549,000 | −25 | 0 | 0 | |
| Deferred income tax expense (benefit) | 7 | −867,000 | 5 | −4 | 7 | |
| Change in fair value of contingent consideration | −5 | 0 | 0 | — | — | |
| Receivables | −19 | −57 | 31 | 83 | −125 | |
| Inventories | −40 | −33 | 68 | −24 | −120 | |
| Other assets | −16 | −1 | −21 | −9 | 919,000 | |
| Current liabilities | 35 | 24 | −41 | −27 | 74 | |
| Other liabilities | −5 | −1 | −3 | −8 | −5 | |
| Other, net | −1 | 2 | 3 | 2 | −3 | |
| Net cash provided by operating activities | 755 | 646 | 673 | 724 | 312 | |
| Proceeds from sale of assets, net of cash transferred | 39 | 12 | 279,000 | 8 | 2 | |
| Purchase of short-term investments | −71 | −21 | −106 | −218 | — | |
| Purchase of long-term investments | −781,000 | −7 | 0 | 0 | — | |
| Acquisition of businesses, net of cash acquired | 0 | −603 | 0 | 0 | −30 | |
| Capital expenditures | −69 | −80 | −54 | −38 | −32 | |
| Payment received for (issuance of) notes receivable with unconsolidated affiliates | 1 | −4 | 0 | — | — | |
| Insurance proceeds - capital related | 5 | 6 | 25 | 3 | 0 | |
| Proceeds from the sale of securities | 88 | 98 | 55 | 0 | 0 | |
| Proceeds from the maturity of short-term investments | 0 | 0 | 218 | 0 | 0 | |
| Dividends from unconsolidated affiliates | 0 | 0 | 1 | 2 | 0 | |
| Investment received from noncontrolling interests | 600,000 | 0 | 0 | — | — | |
| Investments in unconsolidated affiliates | −18 | −9 | −4 | — | — | |
| Net cash (used in) provided by investing activities | −25 | −607 | 135 | −242 | 29 | |
| Dividends paid to stockholders of Mueller Industries, Inc. | −109 | −89 | −67 | −56 | −29 | |
| Dividends paid to noncontrolling interests | −12 | 0 | −9 | −7 | −10 | |
| Repayments of long-term debt | −185,000 | −222,000 | −241,000 | −204,000 | −921 | |
| Issuance (repayment) of debt by consolidated joint ventures, net | 0 | 397,000 | −30,000 | — | — | |
| Repurchase of common stock | −244 | −49 | −19 | −38 | −5 | |
| Net cash used to settle stock-based awards | −30 | −23 | −9 | −1 | 85,000 | |
| Net cash used in financing activities | −395 | −160 | −105 | −103 | −377 | |
| Effect of exchange rate changes on cash | 10 | −14 | 6 | −4 | −1 | |
| Increase (decrease) in cash, cash equivalents, and restricted cash | 346 | −135 | 709 | 375 | −37 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MUELLER INDUSTRIES INC's CIK number?
MUELLER INDUSTRIES INC's SEC CIK number is 0000089439 (89439). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MUELLER INDUSTRIES INC's SEC filings?
All of MUELLER INDUSTRIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MUELLER INDUSTRIES INC last report earnings?
MUELLER INDUSTRIES INC (MLI) most recently filed an earnings 8-K with the SEC on Apr 21, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000089439-26-000014). This is MUELLER INDUSTRIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is MUELLER INDUSTRIES INC's most recent earnings 8-K?
MUELLER INDUSTRIES INC's latest earnings 8-K (Item 2.02) was filed Apr 21, 2026 under accession 0000089439-26-000014. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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