Brief: Mueller Industries Reports Q1 Revenue Of $611.8 Million

Mueller Industries

23/04/2019 12:13

April 23 (Reuters) - Mueller Industries Inc  MLI.N :
    * MUELLER INDUSTRIES, INC. REPORTS FIRST QUARTER 2019
EARNINGS
    * Q1 EARNINGS PER SHARE $0.28
    * Q1 REVENUE $611.8 MILLION
    * QTRLY NET SALES DECLINE WAS DUE TO LOWER SELLING PRICES
AND
SALES VOLUMES IN OUR PIPING SYSTEMS AND INDUSTRIAL METALS
SEGMENTS
    * WEAKNESS IN MIDDLE EAST RESULTED IN LOWER EXPORT SHIPMENTS
BY
PIPING SYSTEMS SEGMENT IN QUARTER
    * SLOW START TO YEAR FOR U.S. INDUSTRIAL PRODUCTION IMPACTED
SHIPMENTS IN INDUSTRIAL METALS SEGMENT
    * CONCERNING TECUMSEH, WHILE RESULTS ARE DISAPPOINTING,
TECUMSEH
IS IMPLEMENTING A RESTRUCTURING PLAN IN 2019
    * RECORDED A $14.6 MILLION LOSS ON OUR INVESTMENT IN
TECUMSEH
PRODUCTS CO IN QUARTER

Source text for Eikon:  ID:nBw6lmRRJa 
Further company coverage:  MLI.N 

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