NYSE$MLI

Mueller Industries Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported solid fourth quarter and full year results with increased operating income and net sales.

Mueller Industries reported a strong fourth quarter in 2020, with operating income increasing to $65.0 million from $44.4 million, and net sales rising to $675.9 million from $543.8 million. Net income also increased to $36.4 million from $28.2 million, and EPS grew to $0.64 from $0.50.

  • Operating income increased to $65.0 million from $44.4 million.
  • Net sales grew to $675.9 million from $543.8 million.
  • Net income increased to $36.4 million from $28.2 million.
  • EPS increased to $0.64 from $0.50.

Headline financials

Total Revenue

$676M

Previous: $544M+24.3%
EPS (adj)

$0.32

Previous: $0.25+28.0%
Net Income

$36.4M

Previous: $28.2M+29.3%
Operating Income

$65M

Previous: $44.4M+46.2%
Gross Profit

$122M

Previous: $94.4M+29.7%
Cash & Equivalents

$119M

Previous: $97.9M+21.6%
Total Assets

$1.53B

Previous: $1.37B+11.5%
Stock-Based Comp

$2.24M

Previous: $2.39M-6.3%

Revenue & EPS history

Mueller Industries · Revenue · Quarterly

$676M

Q4 2020+24.3%vs Q4 2019
Beat estimate in 4 of 8 quarters(50%)
ActualEstimate

Forward guidance

Mueller anticipates a continuation of the positive trend into 2021 and expects to reap ongoing benefits from a more efficient and controlled operating environment. The company is optimistic that 2021 will bring continued strong cash generation and believes it is well positioned for the reopening of global economies.

Tailwinds

  • Anticipates a continuation of positive trend into 2021.
  • Expects to reap ongoing benefits from a more efficient and controlled operating environment.
  • Hart & Cooley Flexible Duct business acquisition expands presence in air quality and climate control systems markets.
  • Diversified portfolio of businesses is well balanced and capitalized.
  • Optimistic that 2021 will bring continued strong cash generation.

Headwinds

  • Pandemic related public health regulations are likely to remain in place.
  • Limitations such measures may exert on demand may subside as we approach the second half of the year.

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 Q4 2020

Historical avgQ4 2020

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro