NYSE$MLI

Mueller Industries Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Mueller Industries reported first quarter earnings with increased operating income and net sales compared to the prior year quarter.

Mueller Industries reported a strong first quarter in 2022, with net sales reaching $1.01 billion and net income of $158.3 million. The company's performance was driven by higher commodity prices and volume growth from recently acquired businesses. Building construction, the primary market served, remains healthy and is expected to continue driving demand.

  • Operating Income increased to $212.7 million from $92.5 million year-over-year.
  • Net Income rose to $158.3 million compared to $63.1 million in the prior year quarter.
  • Earnings per share (EPS) increased to $2.78, up from $1.11 year-over-year.
  • Net Sales reached $1.01 billion, up from $818.1 million in the prior year quarter.

Headline financials

Total Revenue

$1.01B

Previous: $818M+23.4%
EPS (adj)

$1.39

Previous: $0.56+148.2%
Free Cash Flow

$158M

Previous: $63.1M+150.9%
Net Income

$158M

Previous: $63.1M+150.9%
Operating Income

$213M

Previous: $92.5M+129.8%
Gross Profit

-$745M

Previous: $150M-597.2%
Cash & Equivalents

$139M

Previous: $130M+7.2%
Total Assets

$1.95B

Previous: $1.7B+14.6%
Stock-Based Comp

$2.57M

Previous: $2.11M+22.0%

Revenue & EPS history

Mueller Industries · Revenue · Quarterly

$1.01B

Q1 2022+23.4%vs Q1 2021
Beat estimate in 3 of 9 quarters(33%)
ActualEstimate

Forward guidance

Building construction remains healthy and the company expects to benefit from ongoing trends and anticipated recovery of other markets.

Tailwinds

  • Continued expansion of residential construction.
  • Development of infrastructure necessary to support local communities.
  • Anticipated recovery of markets impacted by labor and supply chain issues.
  • Effective price management in response to inflation.
  • Well positioned to benefit from ongoing trends.

Headwinds

  • Economic conditions.
  • Currency conditions.
  • Continued availability of raw materials and energy.
  • Market demand.
  • Pricing.

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 2022

Historical avgQ1 2022

+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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