Mueller Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 25, 2022
July 19, 2022 at 07:00 am EDT
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Mueller Industries, Inc. reported earnings results for the second quarter and six months ended June 25, 2022. For the second quarter, the company reported sales was USD 1,150.04 million compared to USD 1,012.59 million a year ago. Net income was USD 206.55 million compared to USD 108.83 million a year ago. Basic earnings per share from continuing operations was USD 3.7 compared to USD 1.95 a year ago. Diluted earnings per share from continuing operations was USD 3.65 compared to USD 1.92 a year ago.
For the six months, sales was USD 2,160.04 million compared to USD 1,830.74 million a year ago. Net income was USD 364.87 million compared to USD 171.94 million a year ago. Basic earnings per share from continuing operations was USD 6.52 compared to USD 3.07 a year ago. Diluted earnings per share from continuing operations was USD 6.43 compared to USD 3.03 a year ago.
Mueller Industries, Inc. is a manufacturer of copper, brass, aluminum and plastic products. Its products include copper tube and fittings; line sets; steel nipples; brass rod, bar and shapes; aluminum and brass forgings; aluminum impact extrusions; compressed gas valves; refrigeration valves and fittings; pressure vessels; coaxial heat exchangers and insulated flexible duct systems. It also resells brass and plastic plumbing valves, plastic fittings, malleable iron fittings, faucets, and plumbing specialty products. The Company has three segments. Piping Systems segment is composed of Domestic Piping Systems Group, Great Lakes Copper, European Operations, Trading Group, Jungwoo Metal Ind. Co., LTD and Mueller Middle East WLL. Industrial Metals segment is composed of Brass Rod, Impacts & Micro Gauge, Brass Value-Added Products, and Precision Tube. Climate segment is composed of Refrigeration Products, Westermeyer Industries, Inc., Turbotec Products, Inc., Flex Duct and Linesets, Inc.
MUELLER INDUSTRIES, INC. 
