NYSE$MLI

Mueller Industries Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported an increase in net sales and operating income compared to the prior year quarter.

Mueller Industries reported a strong first quarter in 2021, with increased net sales and operating income compared to the prior year quarter. The company's performance aligns with expectations, driven by improving economies and increased vaccine availability.

  • Operating income increased to $92.5 million from $59.3 million.
  • Net income rose to $63.1 million from $32.4 million.
  • Net sales grew to $818.1 million from $602.9 million.
  • Earnings per share (EPS) increased to $1.11 from $0.57.

Headline financials

Total Revenue

$818M

Previous: $603M+35.7%
EPS (adj)

$0.56

Previous: $0.29+93.1%
Free Cash Flow

$63.1M

Previous: $32.4M+94.7%
Net Income

$63.1M

Previous: $32.4M+94.7%
Operating Income

$92.5M

Previous: $59.3M+56.0%
Gross Profit

$150M

Previous: $94.2M+58.9%
Cash & Equivalents

$130M

Previous: $154M-15.8%
Total Assets

$1.7B

Previous: $1.45B+17.5%
Stock-Based Comp

$2.11M

Previous: $1.99M+6.2%

Revenue & EPS history

Mueller Industries · Revenue · Quarterly

$818M

Q1 2021+35.7%vs Q1 2020
Beat estimate in 4 of 9 quarters(44%)
ActualEstimate

Forward guidance

Mueller Industries anticipates continued improvement in economies, driven by lifted restrictions, increased vaccine availability, and potential infrastructure spending.

Tailwinds

  • Economies are improving as pandemic restrictions are lifted.
  • Vaccine availability is increasing.
  • Significant money flow into global economies.
  • Potential U.S. infrastructure bill.
  • Performance in the first quarter falls in line with 2020 year-end expectations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+2.2%

Avg return

Earnings day

+3.6%

Avg return

5 days after

+6.1%

Avg return

30 days after

71%

49 / 69 earnings

Positive

+15.8%

Q2 2022

Best reaction

-12.5%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+11.3%+12.5%+10.4%
Q4 2025-11.2%-15.3%-16.0%
Q3 2025+4.1%+2.7%+4.2%
Q2 2025+3.1%+1.8%+9.9%
Q1 2025+2.6%+0.4%+6.0%
Q4 2024-2.2%+2.9%+1.9%
Q3 2024+12.4%+13.6%+27.2%
Q2 2024+2.0%+9.0%+7.4%
Q1 2024+8.3%+7.1%+8.8%
Q4 2023+1.5%+2.7%+7.4%
Q3 2023+6.4%+7.8%+16.4%
Q2 2023-10.9%-11.4%-17.2%
Q1 2023+1.5%+3.7%+10.1%
Q4 2022+6.9%+4.6%+7.4%
Q3 2022+3.5%+3.2%+12.8%
Q2 2022+15.8%+14.5%+28.1%
Q1 2022+13.7%+9.3%+0.7%
Q4 2021+6.0%+6.8%+11.5%
Q3 2021+7.9%+13.0%+39.1%
Q2 2021+10.3%+9.5%+12.3%
Q1 2021+0.8%+1.5%+3.0%
Q4 2020+1.0%+4.9%+14.2%
Q3 2020+2.2%+4.2%+12.5%
Q2 2020+5.3%+4.2%+12.5%
Q1 2020+1.4%-0.3%+4.4%
Q4 2019+14.0%+11.4%-7.3%
Q3 2019+5.1%+5.6%+5.0%
Q2 2019+9.4%+11.6%-4.6%
Q1 2019-7.6%-5.6%-11.9%
Q4 2018+15.2%+17.0%+19.4%
Q3 2018-4.7%-2.5%-5.6%
Q2 2018+10.0%+9.5%+12.9%
Q1 2018+0.1%+0.8%+9.1%
Q4 2017-12.5%-14.7%-13.3%
Q3 2017+0.8%-1.4%+2.5%
Q2 2017+2.0%+2.9%-4.1%
Q1 2017-4.2%-6.2%-16.4%
Q4 2016+4.3%+7.3%-3.3%
Q3 2016-3.4%-4.6%+22.3%
Q2 2016+1.4%+0.6%+2.9%
Q1 2016+2.7%
Q4 2015+0.0%
Q3 2015+1.8%
Q2 2015-4.1%
Q1 2015-2.7%
Q4 2014+6.0%
Q3 2014+5.9%
Q2 2014+3.6%
Q1 2014-3.9%
Q4 2013-2.7%
Q3 2013-0.4%
Q2 2013+3.6%
Q1 2013+1.5%
Q4 2012+2.1%
Q3 2012-5.4%
Q2 2012-0.6%
Q1 2012+2.7%
Q4 2011-0.9%
Q3 2011+9.1%
Q2 2011-2.7%
Q1 2011+0.3%
Q1 2010+0.3%
Q2 2010+0.3%
Q4 2010-2.4%
Q4 2008-2.4%
Q3 2010+1.2%
Q3 2009+1.2%
Q2 2009+2.8%
Q4 2009+2.8%

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