MUELLER INDUSTRIES INC (MLI) Form 10-Q — Oct 21, 2026
Mueller Industries reported Q3 2026 net sales of $1.42 billion, up 31.6% year over year, with net income attributable to Mueller of $221.2 million, up 6.3%. Growth was driven primarily by higher copper pass-through pricing ($198.6 million), stronger brass rod and wire volumes ($83.5 million), and $52.2 million of sales from the newly acquired Bison Metals business. Margin quality was mixed: gross margin compressed to 25.5% from 31.5% a year ago as cost of goods sold outpaced pricing, though operating income still grew 2.0% to $281.6 million. The balance sheet remains fortress-like with $1.4 billion in cash, just $5.2 million of total debt, and a current ratio of 4.4 to 1.
Key figures
- Eps
- 1
- Revenue
- 1418598000
- Net Income
- 221200000
- Total Debt
- 5243000
- Revenue Yoy
- 31.6% (Q3 2026 vs Q3 2025)
- Total Assets
- 4297594000
- Cash Position
- 1447799000
- Shares Outstanding
- 217974381
- Current ratio
- 4.4 to 1
- Ytd net sales
- 4039526000
- Gross margin q3
- 25.5% vs 31.5% prior year
- Ytd diluted eps
- 3.21
- Bison acquisition
- $135.8 million cash plus $3.8 million net debt assumed
- Buyback extension
- 80 million shares authorized through July 2028
- Buyback q3 shares
- 3250581
- Sherwood sale gain
- $41.4 million pre-tax gain on $57.0 million sale
- Operating income q3
- 281573000
- Dividends per share q3
- 0.175
- Operating cash flow ytd
- 628965000
- Ytd net income attributable
- 709873000
AI analysis
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