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

Mueller Industries

23/07/2024 14:31

* Mueller Industries Inc  MLI.N  reported quarterly adjusted
earnings of $1.41​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of 91 cents.  The lone analyst forecast for the
quarter was for earnings of $1.29 per share. 
    * Revenue rose 11.2% to $997.75 million from a year ago;
analysts
expected $911.00 million. 
    * Mueller Industries Inc's reported EPS for the quarter was
$1.41​.
    * The company reported quarterly net income of $160.17
million.
    * Mueller Industries Inc shares had risen by 13.0% this
quarter and gained 36.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "hold"

This summary was machine generated from LSEG data July 23 at
01:30 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
 Jun. 30 2024      1.29           1.41           Beat
 Mar. 31 2024      1.05           1.21           Beat
 Dec. 31 2023      0.65           1.00           Beat
 Sep. 30 2023      0.51           1.18           Beat