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

Mueller Industries

23/04/2024 14:31

* Mueller Industries Inc  MLI.N  reported quarterly adjusted
earnings of $1.21​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $1.54.  The lone analyst forecast for the quarter was
for earnings of $1.05 per share. 
    * Revenue fell 12.5% to $849.65 million from a year ago;
analysts
expected $874.00 million. 
    * The company reported quarterly net income of $138.36
million.
    * Mueller Industries Inc shares had fallen by 0.7% this
quarter and gained 13.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.7%
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." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "hold"

This summary was machine generated from LSEG data April 23 at
01:31 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
 Mar. 31 2024      1.05           1.21           Beat
 Dec. 31 2023      0.65           1.00           Beat
 Sep. 30 2023      0.51           1.18           Beat
 Jun. 30 2023      1.20           0.91           Missed