MLI

Dividend Announcement: Mueller Industries, Inc. has declared a quarterly cash dividend of 25 cents per share, payable on December 19, 2025, to shareholders of record on December 5, 2025.

Company Overview: Mueller Industries is an industrial corporation that manufactures essential goods for various markets, including air, water, oil and gas distribution, climate comfort, food preservation, electrical transmission, medical, aerospace, and automotive sectors.

Forward-Looking Statements: The release includes forward-looking statements that involve risks and uncertainties related to economic conditions, raw material availability, market demand, and other factors, as detailed in the company's SEC filings.

No Obligation for Updates: The company is not obligated to publicly update or revise any forward-looking statements after the report date, and such statements should not be relied upon excessively.

Earnings Report: Mueller Industries reported a profit of $208.12 million, or $1.88 per share, for the third quarter, an increase from $168.69 million, or $1.48 per share, in the same period last year.

Analyst Expectations: Despite the profit increase, the earnings per share fell short of analysts' expectations, which were set at $1.99 per share.

Revenue Growth: The company's revenue rose by 8.0% to $1.078 billion, compared to $997.83 million in the previous year.

GAAP Earnings Summary: Key figures for the quarter include earnings of $208.12 million, EPS of $1.88, and revenue of $1.078 billion, reflecting significant year-over-year growth.

Third Quarter Financial Performance: Mueller Industries reported a net income of $208.1 million and net sales of $1.08 billion for Q3 2025, showing significant increases from the previous year, driven by higher selling prices and improved sales performance.

Operational Highlights: The company experienced a 14.3% rise in COMEX copper prices, and despite challenges in residential construction and increased imports, it maintained a strong cash position with $1.3 billion in cash and no debt.

Future Outlook: CEO Greg Christopher expressed optimism about future growth, emphasizing plans to enhance U.S. manufacturing capabilities and the belief that increased tariffs will ultimately benefit the business.

Financial Stability: Mueller Industries demonstrated a solid balance sheet with a current ratio of 4.8 to 1, and net cash generated from operations reached $310.1 million, reflecting strong operational efficiency.