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Mueller Industries/$MLI

Mueller Industries shares fall as investors digest a Q3 earnings miss and analysts’ concerns that elevated input costs, a weaker-margin product mix and persistent residential weakness could pressure margins.
9 hours agoLightyear AI
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About Mueller Industries

Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning majority of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms world-wide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Geographically, it operates in USA, UK, Canada, Asia and the Middle East and Mexico.
Ticker
$MLI
Primary listing
NYSE
Employees
4,832

MLI Metrics

BasicAdvanced
$13B
14.76
$3.90
1.09
$0.65
1.22%

What the Analysts think about MLI

Analyst ratings (Buy, Hold, Sell) for Mueller Industries stock.
Analyst projections of the future price of Mueller Industries stock.

Bulls say / Bears say

Mueller posted its ninth consecutive quarter of year-on-year earnings growth in Q3 2026, with diluted EPS rising to $1.00 from $0.94 and net income increasing to $221.2 million from $208.1 million. (Mueller Industries)
Unit volumes grew across most businesses and backlogs increased in every segment, supported by data-centre expansion and other commercial building activity. This is helping offset weak residential construction demand. (Mueller Industries)
Strong cash generation gives Mueller room to invest and return capital: it generated $337 million in operating cash flow and held $1.48 billion in cash and short-term investments at quarter-end. It also repurchased 3.2 million shares during the quarter and raised its dividend. (Mueller Industries)
Revenue rose 31.6% year on year in Q3, but operating income increased only 2.0%; gross margin fell to 25.5% from 31.5%. That weak profit conversion raises questions about how well growth is translating into earnings. (Mueller Industries)
Residential construction remains a headwind: US housing starts were 1.22 million at an annual rate in September, down from 1.32 million a year earlier. Mueller identifies housing and commercial construction as important drivers of demand for its products. (Mueller Industries)
Mueller's profitability depends on the spread between raw-material costs and selling prices, and the company warns that sharp metal-price moves can affect margins. Plastic plumbing products and aluminium-based systems are also substitutes that could take share from its copper products. (Mueller Industries)
Data summarised monthly by Lightyear AI. Last updated on 22 Oct 2026.

MLI Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

MLI Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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