Last $30.86 USD
Change Today -0.14 / -0.45%
Volume 199.1K
MLI On Other Exchanges
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As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

mueller industries inc (MLI) Snapshot

Open
$31.09
Previous Close
$31.00
Day High
$31.27
Day Low
$30.72
52 Week High
03/7/14 - $32.13
52 Week Low
10/13/14 - $27.10
Market Cap
1.8B
Average Volume 10 Days
238.4K
EPS TTM
$1.75
Shares Outstanding
56.9M
EX-Date
09/3/14
P/E TM
17.6x
Dividend
$0.30
Dividend Yield
0.93%
Current Stock Chart for MUELLER INDUSTRIES INC (MLI)

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mueller industries inc (MLI) Details

Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, Canada, Mexico, Great Britain, and China. It operates in two segments, Plumbing & Refrigeration and Original Equipment Manufacturers (OEM). The Plumbing & Refrigeration segment offers copper tubes in straight lengths and coils; copper and plastic fittings, line sets, plastic pipes, valves, and related components for use in water distribution systems, heating systems, air-conditioning, and refrigeration applications, as well as for drainage, waste, and vent systems. It also fabricates steel pipe nipples; and resells imported brass and plastic plumbing valves, malleable iron fittings, faucets, and plumbing specialty products to plumbing wholesalers and building materials retailers, as well as to distributors of manufactured housing and recreational vehicle industries. This segment markets its products through its sales offices and distribution centers, and a network of agents. The OEM segment manufactures and sells brass, bronze, and copper alloy rods for applications that require a high degree of machinability, wear and corrosion resistance, and electrical conductivity; brass and aluminum forgings for use in various products, including automotive components, brass fittings, industrial machinery, valve bodies, gear blanks, and computer hardware; and cold-formed aluminum and copper impact extrusions for use in automotive, military ordnance, aerospace, and general manufacturing industries. It also manufactures and fabricates valves and custom OEM products for refrigeration and air-conditioning, gas appliance, and barbecue grill applications; and manufactures shaped and formed tubes for baseboard heating, appliances, and medical instruments. This segment sells its products directly to OEM customers, as well as to other manufacturers and distributors. The company was founded in 1900 and is headquartered in Memphis, Tennessee.

3,925 Employees
Last Reported Date: 02/26/14
Founded in 1900

mueller industries inc (MLI) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $748.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $243.5K
President of Global and Retail Business
Total Annual Compensation: $330.7K
President of Extruded Products
Total Annual Compensation: $275.6K
President of Fabricated Products and HVACR B...
Total Annual Compensation: $271.6K
Compensation as of Fiscal Year 2013.

mueller industries inc (MLI) Key Developments

Mueller Industries, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Mueller Industries Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the period, the company reported net income of $23.8 million, or 42 cents per diluted share. This compares with net income of $19.5 million, or 35 cents per diluted share, earned from normal operations in the third quarter of 2013. Net sales for the third quarter were $602.8 million compared with $528.9 million for the same quarter in 2013. The growth in Net Sales were driven by unit volume increases of 16.6%, of which two thirds came from acquisitions; partially offset by the decline in copper values year-over-year. Operating income was $37,726,000 against $67,210,000 a year ago. Income before income tax was $36,521,000 against $66,809,000 a year ago. For the nine months, the company reported net sales of $1,826,885,000 against $1,670,826,000 a year ago. Operating income was $124,237,000 against $248,900,000 a year ago. Income before income tax was $120,764,000 against $250,284,000 a year ago.  Net income attributable to the company was $83,574,000 against $157,216,000 a year ago. Diluted earnings per share was $1.47 against $2.79 a year ago. Net cash provided by operating activities was $4,204,000 against $69,990,000 a year ago.  Capital expenditures was $28,406,000 against $33,402,000 a year ago.

Mueller Industries, Inc. Appoints John B. Hansen to Board of Directors

Mueller Industries Inc. announced that Mr. John B. Hansen has joined its Board of Directors effective immediately. Mr. Hansen, age 67, served in various executive leadership positions over his 22 years with Mueller prior to his retirement in April of 2014. This, along with his over 40 years of industry experience, complements the diverse strengths of Board of Directors. His appointment expands the Company's Board to seven members.

Mueller Industries Inc. Declares Cash Dividend for Third Quarter, Payable on September 19, 2014

Mueller Industries Inc. announced that its board of directors has declared a regular quarterly cash dividend of 7.5 cents per share on its common stock. The dividend will be payable on September 19, 2014, to shareholders of record on September 5, 2014.

 

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Industry Analysis

MLI

Industry Average

Valuation MLI Industry Range
Price/Earnings 17.8x
Price/Sales 0.8x
Price/Book 2.2x
Price/Cash Flow 13.3x
TEV/Sales 0.5x
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