MUELLER INDUSTRIES $MLI Q3’26 EARNINGS HIGHLIGHTS
🔹 Net Sales: $1.42B (Est. $1.28B) 🟢; +31% YoY
🔹 GAAP EPS: $1.00; +6% YoY
🔹 Oper Income: $281.6M; +2% YoY
🔹 Net Income: $221.2M; +6% YoY
Other Q3 Metrics:
🔹 COMEX Copper Avg: $6.48/lb; +34.2% YoY
🔹 Cash from Operations: $337.0M
🔹 Cash & ST Investments: $1.48B
Segment Net Sales:
🔹 Piping Systems: $890.6M
🔹 Industrial Metals: $409.4M
🔹 Climate: $142.8M
Segment Operating Income:
🔹 Piping Systems: $225.3M
🔹 Industrial Metals: $33.7M
🔹 Climate: $46.3M
Key Updates:
🔹 The results include $9.4M in charges related to purchase accounting for recent acquisitions.
🔹 Purchased 3.2 million shares of common stock for $201.9M.
🔹 Dividends per share increased to $0.175 versus $0.125.
🔹 Per-share figures reflect the two-for-one stock split that took effect on June 30, 2026.
Comments:
🔸 “Throughout the quarter, demand remained healthy and backlogs grew in each segment, largely propelled by U.S. data center expansions and other commercial building activities.”