Mueller Industries, Inc. reported significant financial performance in its latest quarterly filing, with net sales for the quarter ending June 27, 2026, reaching $1.43 billion, a 25.5% increase from $1.14 billion in the same quarter of the previous year. For the first half of 2026, net sales totaled $2.62 billion, up 22.6% from $2.14 billion in the first half of 2025. The company's operating income for the second quarter was $310 million, slightly up from $304 million a year earlier, while net income attributable to Mueller Industries increased to $249.7 million from $245.9 million, reflecting a 1.5% rise.
The company's financial results were bolstered by higher selling prices across core product lines, particularly copper tube and brass rod, which contributed an additional $184.6 million in sales. The acquisition of Bison Metals Technologies LLC, completed on March 30, 2026, added $62.5 million in sales during the quarter. However, these gains were partially offset by a $10.7 million decrease in sales due to the divestiture of Sherwood Valve LLC earlier in the year, which had generated $20.7 million in sales during the first half of 2025.
Operationally, Mueller Industries has made strategic moves, including the acquisition of Bison, which enhances its Piping Systems segment. The company also acquired certain assets from Chicago Extruded Metals for approximately $3.9 million. The total assets of Mueller Industries increased to $4.26 billion as of June 27, 2026, compared to $3.73 billion at the end of 2025, driven by higher inventories and goodwill from acquisitions. The company reported a significant increase in accounts receivable, which rose to $761.9 million from $475.6 million, indicating strong sales performance.
In terms of employee metrics, the company maintained a stable workforce, with no significant changes in headcount reported. The company’s cash and cash equivalents stood at $1.39 billion, reflecting a slight increase from $1.37 billion at the end of 2025. The company also declared a quarterly dividend of $0.175 per share, up from $0.125 per share in the previous year, indicating a commitment to returning value to shareholders.
Looking ahead, Mueller Industries expressed confidence in its operational strategy, supported by a strong liquidity position and ongoing demand in the construction and HVAC markets. The company anticipates that cash generated from operations, along with available credit, will be sufficient to meet its liquidity needs, including capital expenditures and debt obligations. The company remains focused on managing raw material costs and market conditions to sustain its growth trajectory.
About MUELLER INDUSTRIES INC
Mueller Industries, Inc. is a leading manufacturer of copper, brass, and aluminum products serving construction, industrial, HVAC, refrigeration, and transportation markets worldwide. Its core segments include Piping Systems, Industrial Metals, and Climate, producing pipes, fittings, valves, forgings, wire, and heat exchangers. The company supplies OEMs, wholesalers, and distributors, leveraging global operations, competitive pricing, and a diversified product portfolio to support construction, manufacturing, and infrastructure industries.
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