Quarterly ResultApr 21, 2026, 10:51 AM
Mueller Industries Q1 2026 EPS Jumps 55% to $2.16; Sales Up 19%
AI Summary
Mueller Industries Inc. reported strong first-quarter 2026 results, with net sales increasing to $1.19 billion from $1.00 billion year-over-year. Net income surged to $239.0 million, and diluted EPS rose significantly to $2.16. The growth was driven by improved sales across industrial, electrical, commercial, and mechanical markets, coupled with higher selling prices due to increased raw material costs, including a 26.8% rise in COMEX copper prices. The company also reported a 40% increase in dividends per share to $0.35.
Key Highlights
- Net Sales increased 19% to $1.19 billion.
- Net Income rose 51.8% to $239.0 million.
- Diluted EPS grew 55.4% to $2.16.
- Dividends per share increased 40% to $0.35.
- Operating income included a $41.4 million gain from the Sherwood Valve sale.