Mueller Industries Reports 14.1% Revenue Growth to $1.14 Billion in Q2 2025

Mueller Industries, Inc. reported significant financial growth in its latest quarterly results, with net sales reaching $1.14 billion for the quarter ended June 28, 2025, a 14.1% increase from $997.7 million in the same quarter of the previous year. For the first half of 2025, the company achieved net sales of $2.14 billion, up 15.7% from $1.85 billion in the first half of 2024. The increase in revenue was primarily driven by higher selling prices in core product lines, particularly copper tube, and contributions from recent acquisitions, including Nehring Electrical Works and Elkhart Products Corporation.

The company's operating income for the second quarter of 2025 was $304.2 million, a 44.8% increase compared to $210 million in the prior year. For the first half, operating income rose 29.7% to $510.4 million from $393.4 million. Consolidated net income attributable to Mueller Industries increased by 53.5% to $245.9 million for the quarter and by 35.1% to $403.4 million for the six months. The basic earnings per share for the quarter were $2.26, up from $1.44 a year earlier, while diluted earnings per share rose to $2.22 from $1.41.

Operationally, the company saw a rise in costs, with cost of goods sold increasing to $785.2 million for the quarter, up from $725 million in the same period last year. This increase was attributed to higher raw material costs and the impact of acquisitions. Selling, general, and administrative expenses also rose to $67.5 million from $52.7 million, driven by higher employment costs and foreign currency transaction losses. The company recognized a gain of $36.3 million from insurance proceeds related to tornado damage at its Covington, Tennessee facility, which contributed positively to its financial results.

In terms of strategic developments, Mueller Industries completed the acquisition of Nehring Electrical Works in May 2024 for approximately $569.2 million, enhancing its position in the energy infrastructure market. The acquisition of Elkhart Products Corporation for $38.2 million in August 2024 further complements its Piping Systems segment. The company continues to focus on expanding its product offerings and market reach, with significant investments in capital expenditures totaling $30.7 million in the first half of 2025.

Looking ahead, Mueller Industries maintains a positive outlook, supported by a strong cash position of $1 billion and a current ratio of 4.9 to 1. The company plans to continue leveraging its operational efficiencies and strategic acquisitions to drive growth. It has also extended its share repurchase program, allowing for the repurchase of up to 40 million shares, which reflects its commitment to returning value to shareholders. The company expects to navigate market fluctuations effectively, particularly in raw material costs, while continuing to invest in its growth initiatives.