Stock Analysis
- United States
- /
- Machinery
- /
- NYSE:MLI
Mueller Industries First Quarter 2024 Earnings: EPS: US$1.24 (vs US$1.56 in 1Q 2023)
Mueller Industries (NYSE:MLI) First Quarter 2024 Results
Key Financial Results
- Revenue: US$849.7m (down 13% from 1Q 2023).
- Net income: US$138.4m (down 20% from 1Q 2023).
- Profit margin: 16% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: US$1.24 (down from US$1.56 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mueller Industries Earnings Insights
Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are up 11% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Mueller Industries you should be aware of.
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About NYSE:MLI
Mueller Industries
Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico.
Flawless balance sheet, good value and pays a dividend.