Mueller Industries Inc reports results for the quarter ended in December - Earnings Summary

Mueller Industries

06/02/2024 14:25

* Mueller Industries Inc  MLI.N  reported quarterly adjusted
earnings of $1.00​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $1.23.  The lone analyst forecast for the quarter was
for earnings of 65 cents per share. 
    * Revenue fell 16.5% to $732.38 million from a year ago;
analysts
expected $702.07 million. 
    * Mueller Industries Inc's reported EPS for the quarter was
$1.05​.
    * The company reported quarterly net income of $119.24
million.
    * Mueller Industries Inc shares had risen by 2.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Mueller
Industries Inc is $50.00 

This summary was machine generated from LSEG data February 6 at
02:24 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.65           1.00           Beat
 Sep. 30 2023      0.51           1.18           Beat
 Jun. 30 2023      1.20           0.91           Missed
 Mar. 31 2023      0.94           1.54           Beat