Mueller Industries Q2 sales beat estimates on higher prices

Mueller Industries

22/07/2025 12:14

Overview

Mueller Industries Q2 net sales beat analyst expectations, driven by higher selling prices

Net income rises to $245.9 mln, including $36.3 mln insurance gain

Excluding insurance gain, net income was $217.9 mln versus $160.2 mln

Outlook

Company anticipates increased demand when interest rates decrease

Mueller says trade protections to ultimately benefit most of its portfolio companies

Company focuses growth on water infrastructure, HVAC/R, and electrical transmission

Result Drivers

INSURANCE CLAIM - $36.3 mln gain from insurance claim related to 2023 tornado boosted net income

ACQUISITIONS - Contributions from Nehring and EPC acquisitions in 2024 helped drive sales growth

HIGHER SELLING PRICES - Increased selling prices due to rise in raw material costs contributed to sales growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.14 bln
$1.12 bln (2 Analysts)
Q2 EPS
$2.22
Q2 Net Income
$248.48 mln
Q2 Operating Income
$304.17 mln
Q2 Pretax Profit
$324.44 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 $101.50, about 17.8% above its July 21 closing price of $83.42

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBwBb3K0a

(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.)