MUELLER INDUSTRIES INC
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MLI Q1 2026 request
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Income Statement
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 1,193,005 | 1,000,165 | +19.3% |
Show Product Lines breakouts |
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| Brass rod, forgings, wire and cable · Industrial Metals | 297,507 | 219,281 | +35.7% |
| Brass rod, forgings, wire and cable · Operating Segments | 297,507 | 219,281 | +35.7% |
| Flex duct and other HVAC components · Climate | 90,323 | 91,847 | -1.7% |
| Flex duct and other HVAC components · Operating Segments | 90,323 | 91,847 | -1.7% |
| OEM components, tube and assemblies · Climate | 33,442 | 31,260 | +7.0% |
| OEM components, tube and assemblies · Industrial Metals | 10,934 | 18,215 | -40.0% |
| OEM components, tube and assemblies · Operating Segments | 44,376 | 49,475 | -10.3% |
| Other · Industrial Metals | 12,836 | 14,417 | -11.0% |
| Other · Operating Segments | 12,836 | 14,417 | -11.0% |
| Tube and fittings · Operating Segments | 620,752 | 525,796 | +18.1% |
| Tube and fittings · Piping Systems | 620,752 | 525,796 | +18.1% |
| Valves and plumbing specialties · Operating Segments | 139,776 | 113,887 | +22.7% |
| Valves and plumbing specialties · Piping Systems | 139,776 | 113,887 | +22.7% |
Show Business Segments breakouts |
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| Climate | 123,625 | 123,016 | +0.5% |
| Climate · Intersegment Elimination | -140 | -91 | -53.8% |
| Climate · Operating Segments | 123,765 | 123,107 | +0.5% |
| Industrial Metals | 316,828 | 247,790 | +27.9% |
| Industrial Metals · Intersegment Elimination | -4,449 | -4,123 | -7.9% |
| Industrial Metals · Operating Segments | 321,277 | 251,913 | +27.5% |
| Piping Systems | 752,552 | 629,359 | +19.6% |
| Piping Systems · Intersegment Elimination | -7,976 | -10,324 | +22.7% |
| Piping Systems · Operating Segments | 760,528 | 639,683 | +18.9% |
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| Intersegment Elimination | -12,565 | -14,538 | +13.6% |
| Operating Segments | 1,205,570 | 1,014,703 | +18.8% |
| Cost Of Goods And Service Excluding Depreciation Depletion And Amortization | 834,561 | 728,185 | +14.6% |
| Depreciation & Amortization | 16,652 | 17,123 | -2.8% |
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| Climate · Operating Segments | 1,679 | 1,692 | -0.8% |
| Industrial Metals · Operating Segments | 8,308 | 8,356 | -0.6% |
| Piping Systems · Operating Segments | 5,602 | 5,419 | +3.4% |
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| Corporate Non Segment | 1,063 | 1,656 | -35.8% |
| Selling, General & Administrative | 66,785 | 63,060 | +5.9% |
| Gain Loss On Sale Of Other Assets | 1,533 | -14,465 | +110.6% |
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| Industrial Metals · Operating Segments | 8 | — | — |
| Piping Systems · Operating Segments | 1,525 | -14,462 | +110.5% |
| Gain Loss On Sale Of Business | -41,407 | — | — |
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| Corporate Non Segment | -41,407 | — | — |
| Material Reconciling Items | -41,407 | — | — |
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| Disposal Group Disposed Of By Sale Not Discontinued Operations · CD OpCo Holdings, LLC | -41.4 | — | — |
| Asset Impairment Charges | 2,653 | — | — |
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| Piping Systems · Operating Segments | 2,653 | — | — |
| Operating Income | 312,228 | 206,262 | +51.4% |
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| Corporate Non Segment | -23,839 | -17,610 | -35.4% |
| Interest Income | 11,870 | 9,901 | +19.9% |
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| Material Reconciling Items | 11,870 | 9,901 | +19.9% |
| Gain Loss On Investments | -2,037 | -5,010 | +59.3% |
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| Material Reconciling Items | -2,037 | -5,010 | +59.3% |
| Other Non-Operating Income (Expense) | -1,232 | 92 | -1439.1% |
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| Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income | -21 | -18 | -16.7% |
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| Material Reconciling Items | -1,232 | 92 | -1439.1% |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments | 320,829 | 211,220 | +51.9% |
| Income Tax Expense (Benefit) | -79,555 | -51,475 | -54.6% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income | -10 | -9 | -11.1% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | -121 | -393 | +69.2% |
| Income Loss From Equity Method Investments | 115 | -458 | +125.1% |
| Net Income | 241,389 | 159,287 | +51.5% |
Show Business Acquisition breakouts |
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| Retail Distribution Business | 2 | 2.2 | -9.1% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Tecumseh Products Holdings LLC | -1.9 | -2.7 | +29.6% |
| Net Income Loss Attributable To Noncontrolling Interest | -2,371 | -1,855 | -27.8% |
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| Noncontrolling Interest | 2,371 | 1,855 | +27.8% |
| Net Income | 239,018 | 157,432 | +51.8% |
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| Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income | 11 | 9 | +22.2% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | 417 | 1,356 | -69.2% |
| Retained Earnings | 239,018 | 157,432 | +51.8% |
| Wtd Avg Shares (Basic) | 109,094 | 110,739 | -1.5% |
| Weighted Average Number Diluted Shares Outstanding Adjustment | 1,815 | 2,333 | -22.2% |
| Wtd Avg Shares (Diluted) | 110,909 | 113,072 | -1.9% |
| EPS (Basic) | 2.19 | 1.42 | +54.2% |
| EPS (Diluted) | 2.16 | 1.39 | +55.4% |
| Common Stock Dividends Per Share Declared | 0.35 | 0.25 | +40.0% |
| Cost of Revenue (Q) | — | — | — |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | -538 | -1,749 | +69.2% |
| Sales & Marketing (Q) | — | — | — |
Show Business Segments breakouts |
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| Climate · Operating Segments | 3,426 | 3,309 | +3.5% |
| Industrial Metals · Operating Segments | 1,904 | 1,224 | +55.6% |
| Piping Systems · Operating Segments | 8,603 | 8,254 | +4.2% |
Show Consolidation Items breakouts |
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| Operating Segments | 13,933 | 12,787 | +9.0% |
| Comprehensive Income | 230,777 | 162,874 | +41.7% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,382,345 | — | — |
| Short-Term Investments | 20,696 | 43,497 | -52.4% |
| Accounts Receivable | 670,511 | 553,106 | +21.2% |
| Inventory | 545,451 | — | — |
| Other Assets Current | 53,037 | 51,202 | +3.6% |
| Total Current Assets | 2,672,040 | 1,960,060 | +36.3% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 530,300 | 515,208 | +2.9% |
| Operating Lease Right-of-Use Assets | 22,868 | 32,677 | -30.0% |
| Goodwill | 297,739 | 311,380 | -4.4% |
| Other Non-Current Assets | 31,072 | 29,903 | +3.9% |
| Total Assets | 3,942,363 | 3,231,304 | +22.0% |
Show Business Segments breakouts |
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| Climate · Operating Segments | 268,577 | 265,861 | +1.0% |
| Industrial Metals · Operating Segments | 922,618 | 862,274 | +7.0% |
| Piping Systems · Operating Segments | 1,353,134 | 1,244,370 | +8.7% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 1,398,034 | 858,799 | +62.8% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 281,654 | 301,297 | -6.5% |
| Investments In Affiliates Subsidiaries Associates And Joint Ventures | 106,690 | 80,779 | +32.1% |
| Current Liabilities | |||
| Accounts Payable | 243,539 | 223,609 | +8.9% |
| Employee Related Liabilities Current | 38,033 | 35,622 | +6.8% |
| Operating Lease Liability Current | 7,907 | 8,358 | -5.4% |
| Other Liabilities Current | 209,802 | 188,654 | +11.2% |
| Total Current Liabilities | 499,281 | 456,371 | +9.4% |
| Non-Current Liabilities | |||
| Defined Benefit Pension Plan Liabilities Noncurrent | 200 | 223 | -10.3% |
| Other Postretirement Defined Benefit Plan Liabilities Noncurrent | 8,173 | 8,202 | -0.4% |
| Accrued Environmental Loss Contingencies Noncurrent | 15,501 | 15,374 | +0.8% |
| Deferred Tax Liabilities | 32,499 | 27,736 | +17.2% |
| Operating Lease Liabilities | 14,917 | 24,430 | -38.9% |
| Other Non-Current Liabilities | 10,960 | 11,869 | -7.7% |
| Total Liabilities | 581,531 | 544,205 | +6.9% |
| Stockholders' Equity | |||
| Common Stock | 1,604 | 1,604 | 0.0% |
| Additional Paid-In Capital | 352,723 | 337,445 | +4.5% |
| Retained Earnings | 3,961,908 | 3,237,627 | +22.4% |
| Accumulated Other Comprehensive Income | -58,920 | -74,837 | +21.3% |
| Treasury Stock Common Value | -922,864 | -835,402 | -10.5% |
| Total Stockholders' Equity | 3,334,451 | 2,666,437 | +25.1% |
| Minority Interest | 26,381 | 20,662 | +27.7% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 3,360,832 | 2,687,099 | +25.1% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -3,203 | -3,787 | +15.4% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | -316 | 1,855 | -117.0% |
| Accumulated Other Comprehensive Income | -58,920 | -74,837 | +21.3% |
| Accumulated Translation Adjustment | -57,989 | -72,211 | +19.7% |
| Additional Paid In Capital | 352,723 | 337,445 | +4.5% |
| Attributable to Unconsol. Affiliates | 2,588 | -694 | +472.9% |
| Common Stock | 1,604 | 1,604 | 0.0% |
| Noncontrolling Interest | 26,381 | 20,662 | +27.7% |
| Retained Earnings | 3,961,908 | 3,237,627 | +22.4% |
| Treasury Stock Common | -922,864 | -835,402 | -10.5% |
| Total Liabilities & Equity | 3,942,363 | 3,231,304 | +22.0% |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation | 16,652 | 17,123 | -2.8% |
| Stock-Based Compensation | 7,332 | 6,150 | +19.2% |
| Provision For Doubtful Accounts | 861 | 99 | +769.7% |
| Proceeds From Dividends Received | 1,724 | 2,812 | -38.7% |
| Gain Loss On Sale Of Property Plant Equipment | 1,533 | -14,465 | +110.6% |
| Unrealized Gain Loss On Investments | 2,037 | 5,010 | -59.3% |
| Deferred Income Taxes | 2,036 | 1,651 | +23.3% |
| Change in Accounts Receivable | -200,192 | -101,524 | -97.2% |
| Change in Inventory | -43,936 | -18,542 | -137.0% |
| Increase Decrease In Other Operating Assets | -612 | 410 | -249.3% |
| Increase Decrease In Other Current Liabilities | 88,912 | 57,702 | +54.1% |
| Change in Other Liabilities | 1,509 | -2,598 | +158.1% |
| Increase Decrease In Other Operating Capital Net | -635 | -14 | -4435.7% |
| Net Cash from Operations | 79,741 | 113,559 | -29.8% |
| Investing Activities | |||
| Payments To Acquire Productive Assets | -17,236 | -16,592 | -3.9% |
| Proceeds From Divestiture Of Businesses Net Of Cash Divested | 57,004 | — | — |
| Payments To Acquire Longterm Investments | -834 | -552 | -51.1% |
| Proceeds From Sale Of Property Plant And Equipment | 5 | 19,737 | -100.0% |
| Net Cash from Investing | 38,939 | -23,440 | +266.1% |
| Financing Activities | |||
| Payments Of Dividends Common Stock | -38,043 | -27,262 | -39.5% |
| Payments Of Dividends Minority Interest | -4,766 | -12,240 | +61.1% |
| Share Repurchases | -74,981 | -243,615 | +69.2% |
| Payments For Settlement Of Stock Based Awards | -535 | -4,494 | +88.1% |
| Proceeds From Payments For Other Financing Activities | 3,100 | — | — |
| Net Cash from Financing | -115,225 | -287,667 | +59.9% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -1,810 | 392 | -561.7% |
| Net Change in Cash | 1,645 | -197,156 | +100.8% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,386,802 | 841,739 | +64.8% |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.