Mueller Industries posts higher Q1 sales, profit on healthy demand; expects higher shipments

Mueller Industries

21/04/2026 12:09

Overview

U.S. industrial manufacturer reported Q1 sales up 19% yr/yr, driven by higher prices and volumes

Q1 net income and diluted EPS rose significantly from prior year

Company completed Bison Metals Technologies acquisition and raised dividend by 40%

Outlook

Company says business conditions and outlook remain consistent with its recent annual report

Mueller expects production and shipments to improve as it adjusts to changes in product mix

Company anticipates benefiting from recovery in U.S. construction markets and improved economic conditions abroad

Result Drivers

HIGHER RAW MATERIAL COSTS - Increased raw material costs, particularly copper, led to higher selling prices and contributed to sales growth

VOLUME GROWTH - Improved sales volumes in industrial, electrical, commercial and mechanical markets supported revenue increase

BUSINESS SALE GAIN - Gain on sale of Sherwood Valve business added $41.4 mln to operating income

Company press release: ID:nBw7P0VdVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$1.19 bln
$1.10 bln (1 Analyst)
Q1 EPS
$2.16
Q1 Net Income
$241.39 mln
Q1 Operating Income
$312.23 mln
Q1 Pretax Profit
$320.83 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

Wall Street's median 12-month price target for Mueller Industries Inc is $141.50, about 17% above its April 20 closing price of $120.90

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)