NYSE$MLI

Mueller Industries Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Mueller Industries reported a strong fourth quarter, driven by acquisitions and increased U.S. construction-related product volume.

Mueller Industries reported a 26.1% increase in net sales and a 26.0% increase in operating income for the fourth quarter of 2024 compared to the same period in 2023. The increase in net sales was primarily due to sales from recent acquisitions and increased volume in U.S. construction-related products. The company ended the year with $1.06 billion in cash and short-term investments.

  • Net sales increased by 26.1% to $923.5 million.
  • Operating income increased by 26.0% to $170.3 million.
  • Net income increased by 15.4% to $137.7 million.
  • Diluted EPS increased by 15.2% to $1.21.

Headline financials

Total Revenue

$924M

Previous: $732M+26.1%
EPS (adj)

$1.21

Previous: $1.05+15.2%
Net Income

$138M

Previous: $119M+15.4%
Operating Income

$170M

Previous: $135M+25.9%
Gross Profit

$233M

Previous: $187M+24.8%

Revenue & EPS history

Mueller Industries · Revenue · Quarterly

$924M

Q4 2024+26.1%vs Q4 2023
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Mueller Industries maintains a positive outlook for 2025 and beyond, focusing on reinvesting in core operations and seeking strategic acquisitions to expand infrastructure product platforms. The company anticipates that new trade and regulatory policies will ultimately benefit its business.

Tailwinds

  • Promising initiatives underway.
  • Committed to reinvesting to strengthen and improve core operations.
  • Actively searching for acquisitions to expand infrastructure products platforms.
  • Opportunities to increase capabilities in nonferrous metals manufacturing.
  • U.S. remains a secure end market.

Headwinds

  • Impact of new administration’s trade and regulatory policies will take time.
  • Subdued market conditions.
  • Non-cash expenses related to purchase accounting adjustments for acquisitions.
  • Integration of acquisitions did not contribute to Q4 operating income.
  • Economic and currency conditions.

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 2024

Historical avgQ4 2024

+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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