Bullish indicating open at $55-$60, IPO prices at $37
COLLIERVILLE, Tenn. - Mueller Industries, Inc. (NYSE: NYSE:MLI), a manufacturer of industrial and consumer goods, has announced a 25% increase in its regular quarterly cash dividend. Today, the company’s Board of Directors declared a dividend of $.25 per share, scheduled for payment on March 28, 2025, to shareholders of record by March 14, 2025. According to InvestingPro data, the company has maintained dividend payments for 21 consecutive years and holds more cash than debt on its balance sheet, demonstrating strong financial stability.
This increase continues the company’s trend of raising dividends, marking the fifth consecutive year of double-digit growth in its quarterly distribution to investors. The enhanced dividend represents a significant rise from the previous year’s payout to shareholders. The company’s strong performance is reflected in its impressive 69.57% total return over the past year, with an EBITDA of $818 million in the last twelve months. InvestingPro analysis reveals 8 additional key insights about Mueller Industries’ financial health and growth prospects.
Mueller Industries is known for its diverse portfolio of products essential to sectors including air and water distribution, climate control, energy, medical, aerospace, and automotive. The company operates an extensive network of subsidiaries and brands across North America, Europe, Asia, and the Middle East. With a current P/E ratio of 14.87x and strong liquidity metrics, including a current ratio of 5.06, InvestingPro analysis suggests the stock may be undervalued compared to its Fair Value.
The announcement also included a cautionary note regarding forward-looking statements made in the press release. These statements, which are not historical facts, are based on current expectations and predictions about future events. As with any forward-looking statements, they are subject to various risks and uncertainties, such as changes in economic conditions, raw material and energy availability, market demand, competition, technology, and access to financing. The company’s filings with the SEC detail these risks further.
Investors are advised not to place undue reliance on these forward-looking statements, which apply only as of the date of the report. Mueller Industries also stated it has no obligation to update or publicly announce revisions to any forward-looking statements due to events occurring after the date of the release.
This dividend increase is based on a press release statement from Mueller Industries, Inc. and reflects the company’s performance and strategy for shareholder returns.
In other recent news, Mueller Industries reported fourth-quarter earnings that fell short of expectations, with adjusted earnings per share at $1.21 compared to the analyst consensus of $1.06. However, the company exceeded revenue projections, posting $923.5 million against an estimated $847 million, marking a 26.1% increase year-over-year. The revenue boost was attributed to acquisitions in the latter half of 2024 and increased unit volume in U.S. construction-related products, alongside higher copper prices. CEO Greg Christopher noted that the fourth quarter was the strongest of the year in terms of operating income performance. Mueller Industries generated $140.1 million in operating cash flow for the fourth quarter and $645.9 million for the full year, with year-end cash and short-term investments totaling $1.06 billion. The company is optimistic about its future, with several initiatives underway and a commitment to reinvest in core operations. Christopher also mentioned potential positive impacts from new trade and regulatory policies, although these are expected to take time to develop.
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