MLI

EX-99.1

2 exhibit991q22026earningsre.htm

EX-99.1

Document

Mueller Industries, Inc. Reports Second Quarter 2026 Earnings

COLLIERVILLE, Tenn., July 21, 2026 -- Mueller Industries, Inc. (NYSE: MLI) announces results for the second quarter of 2026. Comparisons are to the second quarter of 2025.

•Net Sales increased to $1.43 billion versus $1.14 billion.

•Net Income increased to $249.7 million versus $245.9 million.

•Operating Income increased to $310.0 million versus $304.2 million.

•Diluted EPS* increased to $1.13 versus $1.11.

•Dividends per share* increased to $.175 versus $.125.

* Diluted EPS and dividends per share have been adjusted retroactively to reflect the two-for-one stock split that took effect on June 30, 2026.

Second Quarter Financial and Operating Highlights:

•COMEX copper averaged $6.16 per pound during the quarter, a 30.6 percent increase over the prior year period.

•Adjusting for the $36.3 million insurance gain ($28.1 million net of tax) recognized in the second quarter of 2025, we delivered a 15.7 percent increase in operating income.

•Unit volume growth in each of our three reporting segments, combined with price increases related to the rise in material costs, contributed to the overall increase in net sales.

•Net cash generated from operations was $212.3 million. We utilized $138.3 million during the quarter to acquire Bison Metals Technologies LLC.

•Our cash and short-term investments balance at quarter end was $1.42 billion, and our current ratio remains strong at 4.8 to 1.

Regarding the results and outlook for the business, Greg Christopher, Mueller’s CEO said, “We delivered consistent year over year earnings growth and executed at a high level. Business demand continues to strengthen in our commercial, industrial and electrical markets. Backlogs are strong, and we are carrying out our 2030 strategic plan initiatives with a high sense of urgency. During the quarter, we completed two acquisitions in our core metals businesses — Bison Metals Technologies on March 30, 2026, and Chicago Extruded Metals on June 12, 2026. With Bison already having delivered a record second quarter, we expect both to meaningfully contribute in the near term.

We are optimistic that the U.S. residential construction markets will eventually improve, and look forward to a resolution of the conflict in Iran, leading to lower energy costs and reduced inflationary pressures. As such, we are anticipating continued strength in our business.”

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Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservation; electrical transmission; medical; aerospace; and automotive. It includes a network of companies and brands throughout North America, Europe, Asia, and the Middle East.

Statements in this release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties. These include economic and currency conditions, continued availability of raw materials and energy, market demand, pricing, competitive and technological factors, and the availability of financing, among others, as set forth in the Company’s SEC filings. The words “outlook,” “estimate,” “project,” “intend,” “expect,” “believe,” “target,” “encourage,” “anticipate,” “appear,” and similar expressions are intended to identify forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report. The Company has no obligation to publicly update or revise any forward-looking statements to reflect events after the date of this report.

CONTACT

Jeffrey A. Martin (901) 753-3226

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MUELLER INDUSTRIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

For the Quarter EndedFor the Six Months Ended

(In thousands, except per share data)June 27, 2026June 28, 2025June 27, 2026June 28, 2025

Net sales$1,427,923 $1,138,173 $2,620,928 $2,138,338

Cost of goods sold1,032,577785,1941,867,1381,513,379

Depreciation and amortization17,33517,90533,98735,028

Selling, general, and administrative expense67,85067,521134,635130,581

Loss (gain) on disposal of assets, net187 (337)1,720 (14,802)

Gain on sale of business— — (41,407)—

Asset impairments— — 2,653 —

Gain on insurance proceeds— (36,278)— (36,278)

Operating income309,974304,168622,202510,430

Interest expense(134)(17)(134)(42)

Interest income10,978 8,222 22,848 18,123

Unrealized gains on short-term investments6,545 13,212 4,508 8,202

Other expense, net(1,127)(1,142)(2,359)(1,050)

Income before income taxes326,236324,443 647,065535,663

Income tax expense(82,869)(78,857)(162,424)(130,332)

Income from unconsolidated affiliates, net of foreign tax6,920 2,897 7,035 2,439

Consolidated net income250,287 248,483 491,676 407,770

Net income attributable to noncontrolling interests(632)(2,559)(3,

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mli-202602030000089439false00000894392025-02-042025-02-04

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):February 3, 2026

MUELLER INDUSTRIES INC.

(Exact name of registrant as specified in its charter)

Delaware1-677025-0790410 (State or other jurisdiction(Commission File(IRS Employer of incorporation)Number)Identification No.)

150 Schilling BoulevardSuite 100 ColliervilleTennessee38017 (Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code:(901)753-3200

Registrant’s Former Name or Address, if changed since last report:N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of exchange on which registered Common StockMLINYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new of revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02Results of Operations and Financial Condition.

On February 3, 2026, the Registrant issued a press release announcing earnings for the quarter and year ended December 27, 2025. A copy of the press release announcing the fourth quarter and fiscal 2025 earnings is attached as Exhibit 99.1.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits

99.1Press release dated February 3, 2026 reporting fourth quarter and fiscal 2025 earnings.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

MUELLER INDUSTRIES, INC.

By:/s/ Anthony J. Steinriede Name:Anthony J. Steinriede Title:Vice President - Corporate Controller

Date: February 3, 2026

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Exhibit Index

Exhibit No.Description

99.1Press release dated, February 3, 2026

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