Mueller Industries Full Year 2024 Earnings: EPS: US$5.43 (vs US$5.41 in FY 2023)

Mueller Industries (NYSE:MLI) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.77b (up 10% from FY 2023).
• Net income: US$604.9m (flat on FY 2023).
• Profit margin: 16% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$5.43 (up from US$5.41 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mueller Industries Earnings Insights

The primary driver behind last 12 months revenue was the Piping Systems segment contributing a total revenue of US$2.51b (67% of total revenue). Notably, cost of sales worth US$2.72b amounted to 72% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$227.0m (52% of total expenses). Explore how MLI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

Be aware that Mueller Industries is showing 1 warning sign in our investment analysis that you should know about...

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