NYSE$MLI
Mueller Industries Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Mueller Industries reported second quarter earnings with significant increases in operating and net income.
Mueller Industries reported a strong second quarter in 2021, marked by substantial growth in net sales, operating income, and net income compared to the prior year. The company benefited from unit sales growth across all segments, contributions from acquisitions, and higher copper prices.
- Operating income increased to $157.8 million from $52.3 million.
- Net income rose to $108.8 million from $28.0 million.
- Net sales reached $1.01 billion, up from $500.2 million.
- Earnings per share (EPS) increased to $1.92 from $0.50.
Headline financials
Revenue & EPS history
Mueller Industries · Revenue · Quarterly
$1.01B
Forward guidance
Mueller anticipates that strong demand in the building construction sectors will continue through the remainder of the year and expects extended lead times and abnormally high backlogs to persist well into the third quarter.
Tailwinds
- Operations remain well positioned for the current market conditions due to operational investments.
- Acquisitions enhance capacity.
- Acquisitions increase yields.
- Acquisitions lower costs.
- Benefiting from the prudent cost controls implemented during the height of the pandemic.
Headwinds
- Highly inflated demand.
- Widespread industry supply constraints.
- Extended lead times are expected to continue.
- Abnormally high backlogs are expected to continue.
- Many of these conditions persist.
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 Q2 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
| Quarter | Report date | Reaction (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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