Mueller Industries, Inc. reported significant financial growth in its latest quarterly results, with net sales reaching $1.193 billion for the quarter ended March 28, 2026, a 19.3% increase from $1.000 billion in the same period last year. The company's operating income also saw a substantial rise, climbing 51.4% to $312.2 million compared to $206.3 million in the prior year. Consolidated net income attributable to Mueller Industries increased by 51.8% to $239.0 million, up from $157.4 million in the first quarter of 2025. The basic earnings per share rose to $2.19 from $1.42, while diluted earnings per share increased to $2.16 from $1.39.
The financial performance was bolstered by higher net selling prices, which contributed $219.1 million to sales, primarily in core product lines such as copper tube and brass rod. However, this was partially offset by a decrease in unit sales volume of $33.4 million and a $9.7 million decline in sales due to the sale of the Sherwood business, which was completed in January 2026. The cost of goods sold increased to $834.6 million, up from $728.2 million, reflecting the rise in raw material costs, but the gross margin improved to 30.0% from 27.2% year-over-year.
In terms of strategic developments, Mueller Industries announced the acquisition of Bison Metals Technologies LLC for approximately $142 million in cash, which is expected to enhance its Piping Systems segment. The company also recognized a pre-tax gain of $41.4 million from the sale of its Sherwood Valve LLC business, which had previously reported net sales of $9.8 million for the quarter ended March 29, 2025. This strategic move aligns with the company's focus on expanding its core operations and optimizing its product offerings.
Operationally, Mueller Industries reported an increase in cash and cash equivalents to $1.382 billion, up from $1.367 billion at the end of the previous fiscal year. The company’s total assets rose to $3.942 billion from $3.733 billion, while total liabilities increased to $581.5 million from $497.1 million. The company’s current ratio stood at 5.4 to 1, indicating strong liquidity. Additionally, the company’s employee headcount remained stable, supporting its operational capabilities across various segments, including Piping Systems, Industrial Metals, and Climate.
Looking ahead, Mueller Industries expressed confidence in its financial outlook, supported by strong cash flows from operations and a new credit agreement that provides a $100 million revolving credit facility. The company anticipates that its liquidity will be sufficient to meet working capital needs, capital expenditures, and debt obligations. The ongoing focus on strategic acquisitions and operational efficiencies is expected to further enhance its market position in the coming quarters.
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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