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    Mueller Industries Inc (MLI)

    Q4 2024 Earnings Summary

    Reported on Jan 1, 1970 (Before Market Open)
    Pre-Earnings Price$78.02Last close (Feb 3, 2025)
    Post-Earnings Price$79.71Open (Feb 4, 2025)
    Price Change
    $1.69(+2.17%)
    MetricYoY ChangeReason

    Total Revenue

    $923.52M vs. $732.34M (26% increase)

    Total revenue increased about 26% YoY due to overall higher net sales driven by acquisitions and improved pricing/volume dynamics compared to Q4 2023, where sales were lower.

    Industrial Metals Revenue

    $213.84M vs. $125.39M (70% increase)

    Industrial Metals revenue jumped 70% YoY as strong performance in key subsegments, likely boosted by acquisitions and improved market demand, drove these gains over the prior period.

    Brass Rod and Forgings

    $230.83M vs. $98.14M (135% growth)

    Brass Rod and Forgings revenue surged 135% YoY, fueled by contributions from recent acquisitions, enhanced net selling prices, and increased unit sales volumes relative to Q4 2023.

    Net Sales

    $923.54M vs. $732.38M (26% increase)

    Net Sales rose by about 26% YoY with higher sales from both core and non-core product lines, reflecting the positive impact of acquisitions and favorable pricing improvements compared to the previous year.

    Operating Income

    $170.26M vs. $135.24M (26% increase)

    Operating Income increased roughly 26% YoY driven by higher net sales, improved operational efficiencies, and contributions from acquisitions, reflecting a more profitable cost structure than in Q4 2023.

    Consolidated Net Income

    $140.60M vs. $119.30M (19% increase)

    Consolidated Net Income rose about 19% YoY as a result of improved operating income, lower effective tax rates, and positive contributions from acquisitions, overcoming challenges from the prior period.

    Depreciation & Amortization

    $22.24M vs. $9.25M (over 140% increase)

    Depreciation & Amortization increased sharply (over 140% YoY), primarily due to incremental expenses from newly acquired assets (e.g., from the Nehring acquisition), which added significant depreciation costs compared to Q4 2023.

    Interest Expense

    $75K vs. $713K (90% decrease)

    Interest Expense dropped about 90% YoY, indicating that financing costs were significantly reduced, likely due to lower borrowing levels or favorable refinancing measures, as noted by management in Q4 2024 compared to Q4 2023.

    Research analysts covering Mueller Industries Inc.