AI Earnings Predictions for Mueller Industries Inc. (MLI)

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Mueller Industries, Inc. Reports Third Quarter 2026 Earnings

COLLIERVILLE, Tenn., October 20, 2026 -- Mueller Industries, Inc. (NYSE: MLI) announces results for the third quarter of 2026. Comparisons are to the third quarter of 2025.

•Net Sales increased to $1.42 billion versus $1.08 billion.

•Net Income increased to $221.2 million versus $208.1 million.

•Operating Income increased to $281.6 million versus $276.1 million.

•Diluted EPS* increased to $1.00 versus $0.94.

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

* Diluted EPS and dividends per share have been adjusted to reflect the two-for-one stock split that took effect on 6/30/2026.

Third Quarter Financial and Operating Highlights:

•COMEX copper averaged $6.48 per pound during the quarter, a 34.2 percent increase over the prior year period.

•Unit volume growth across most of our businesses, combined with price adjustments related to the rise in material costs, contributed to the increase in net sales.

•The results include $9.4 million in charges related to purchase accounting for recent acquisitions.

•Net cash generated from operations was $337.0 million, raising our cash and short-term investments at quarter end to $1.48 billion.

•During the quarter, we purchased 3.2 million shares of our common stock for a total of $201.9 million. Year-to-date, we have purchased 4.5 million shares.

• Our current ratio remains strong at 4.4 to 1.

Regarding the results, Greg Christopher, Mueller’s CEO said, “For the ninth consecutive quarter, we delivered year over year earnings growth driven by stronger performance across all three of our business segments. 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. These results are particularly noteworthy given the protracted decline in the residential construction market. Our team has done an excellent job adjusting to shifts in demand and mix, as well as managing price relative to cost escalation.”

Regarding the outlook, he added “As we approach the finish line for 2026 and look ahead, we remain optimistic as we execute on our key strategic priorities. These include investments in our North American manufacturing operations to reduce costs and reshore production to support shifting demand, along with initiatives to increase our product offerings and expand distribution capabilities across multiple business

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segments. These actions will keep us well-positioned to capitalize on opportunities when residential building construction recovers in the U.S. and global economic conditions improve.”

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 Nine Months Ended

(In thousands, except per share data)September 26, 2026September 27, 2025September 26, 2026September 27, 2025

Net sales$1,418,598 $1,077,824 $4,039,526 $3,216,162

Cost of goods sold1,057,156738,1482,924,2942,251,527

Depreciation and amortization21,17316,60755,16051,635

Selling, general, and administrative expense63,04861,657197,683192,238

(Gain) loss on disposal of assets, net— (11,852)1,720 (26,654)

Gain on sale of business— — (41,407)—

Asset impairments— 2,018 2,653 2,018

Gain on insurance proceeds(4,352)(4,869)(4,352)(41,147)

Operating income281,573276,115903,775786,545

Interest expense(136)(6)(270)(48)

Interest income12,002 10,822 34,850 28,945

Unrealized gains (losses) on short-term investments5,859 (2,277)10,367 5,925

Pension plan termination expense— (4,830)— (4,830)

Other (expense) income, net(6

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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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