Mueller Industries Inc reported second-quarter 2026 results with revenue of $1.43B, up 25.5% from $1.14B a year earlier, and diluted EPS of $1.13 versus $1.11 in the prior-year quarter; consolidated net income was $250.29M, essentially flat year over year.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$1.43B$1.14B25.5% | Net income²$250.29M$248.48M0.7% | Diluted EPS³$1.13$1.111.8% |
¹ Reported as “Net sales”. ² Reported as “Consolidated net income”. ³ Reported as “Diluted earnings per share (1)”.
Business Highlights
- Revenue growth was driven by higher selling prices and acquisitions, with net sales up roughly 25% for the quarter and about 23% year-to-date.
- Higher selling prices reflected pass-through of rising copper and brass costs, though margins were pressured by raw material cost spikes.
- Channel and product mix shifted toward core piping and industrial metal lines; the Bison acquisition expanded distribution and added non-core sales.
- Company completed the sale of Sherwood and recognized a related gain during the period.
- Operationally, Mueller noted volume gains in brass rod and wire, mixed unit trends with lower piping volumes but stronger commercial HVAC demand; the Bison acquisition generated integration and incremental expenses.
Original SEC Filing:
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