Mueller Industries Up 12.53% To $60.82 After Earnings

Tuesday, July 19, 2022 - Mueller Industries (MLI) reported upside earnings and revenues today.

Mueller Industries reported EPS of $3.65. Profits rose 90% year-over-year after reporting an EPS of $1.92 in its year-ago quarter. The positive growth rate signals that the Industrials company is performing well amid recent economic conditions.

Mueller Industries Q2 2022 revenue came in at $1.2 billion. The company achieved 14% growth year-over-year compared to the firm's revenue of $1 billion from the year-ago quarter. The higher earnings growth relative to revenue signals Mueller Industries has improved its profit margin.

The stock is up 12.53% to $60.82 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Trading in the five days leading up to the report earned Mueller Industries a Bullish Sentiment Rank from InvestorsObserver.

Mueller Industries has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 86, putting Mueller Industries in the top 25% of stocks. The firm set a 52-week high on November 11, 2021 at $63.07 and set a 52-week low on July 19, 2021 at $39.

Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning most of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms worldwide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive. Most sales derive from the United States, but the company operates worldwide.