Mueller Industries Inc reports results for the quarter ended in September 30 - Earnings Summary

Mueller Industries

22/10/2024 14:41

* Mueller Industries Inc  MLI.N  reported quarterly adjusted
earnings of $1.48​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of $1.18.  The lone analyst forecast for the
quarter was for earnings of $1.32 per share. 
    * Revenue rose 21.7% to $997.83 million from a year ago;
analysts
expected $936.00 million. 
    * The company reported quarterly net income of $168.7
million.
    * Mueller Industries Inc shares had fallen by 2.7% this
quarter and gained 52.9% so far this year.

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

This summary was machine generated from LSEG data October 22 at
01:41 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
 Sep. 30 2024      1.32           1.48           Beat
 Jun. 30 2024      1.29           1.41           Beat
 Mar. 31 2024      1.05           1.21           Beat
 Dec. 31 2023      0.65           1.00           Beat