Mueller Industries Q4 net sales rise on higher pricing

Mueller Industries

03/02/2026 12:07

Overview

Industrial goods maker's fiscal Q4 net sales rose 4.2% yr/yr

Diluted EPS for fiscal Q4 increased 14% yr/yr

Company achieved record annual operating and net income despite market challenges

Outlook

Mueller Industries anticipates improvements in market conditions throughout 2026

Company plans to leverage operational improvements for financial benefits in 2026

Mueller Industries aims to pursue strategic acquisitions with strong balance sheet

Result Drivers

HIGHER SELLING PRICES - Net sales increase attributed to higher selling prices due to rising raw material costs, offset by lower unit volumes in core products

HEDGE CONTRACT LOSS - Gross margin impacted by $18.2 mln unrealized loss on open hedge contracts due to rapid rise in copper prices

STRONG CASH GENERATION - Generated $141.2 mln of cash from operations in Q4, ending the year with $1.39 bln in cash and short-term investments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Beat
$962.39 mln
$928 mln (1 Analyst)
Q4 EPS
$1.38
Q4 Net Income
$155.57 mln
Q4 Operating Income
$172 mln
Q4 Pretax Profit
$196.25 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 $135.50, about 2.6% below its February 2 closing price of $139.18

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nBw3pwMNYa

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(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.)