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COLLIERVILLE, Tenn. -On Tuesday, Mueller Industries, Inc. (NYSE:MLI) reported first quarter 2025 earnings that fell short of analyst expectations.
Shares of Mueller Industries were down -0.89% in premarket trading following the earnings release.
The industrial manufacturer posted adjusted earnings per share of $1.39, missing the consensus estimate of $1.41. Revenue came in at $1 billion, in line with analyst projections.
Net income rose to $157.4 million, up from $138.4 million in the same quarter last year. Net sales increased 17.7% YoY to $1 billion, driven by acquisitions and higher selling prices related to increased raw material costs and tariffs.
"We delivered very good results in the first quarter despite certain manufacturing disruptions, which have since been resolved, and the general economic landscape," said CEO Greg Christopher. He noted the company was pleased with positive contributions from recent acquisitions.
Mueller Industries’ cash balance stood at $830.1 million at quarter-end. The company repurchased over 3 million shares for $243.6 million during the period.
While the stock move was relatively muted, the slight decline likely reflects the earnings miss versus expectations.
Christopher said markets and demand are in line with year-end outlook, but noted tariffs and trade policies have presented new challenges. He expressed confidence in the company’s ability to navigate the current environment.
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