MUELLER INDUSTRIES INC

MLI 10-Q · Q1 2026

MLI Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 1,193,005 1,000,165 +19.3%
Show Product Lines breakouts
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
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%
Show Consolidation Items breakouts
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%
Show Business Segments breakouts
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%
Show Consolidation Items breakouts
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%
Show Business Segments breakouts
Industrial Metals · Operating Segments 8
Piping Systems · Operating Segments 1,525 -14,462 +110.5%
Gain Loss On Sale Of Business -41,407
Show Consolidation Items breakouts
Corporate Non Segment -41,407
Material Reconciling Items -41,407
Show Disposal Group Classification breakouts
Disposal Group Disposed Of By Sale Not Discontinued Operations · CD OpCo Holdings, LLC -41.4
Asset Impairment Charges 2,653
Show Business Segments breakouts
Piping Systems · Operating Segments 2,653
Operating Income 312,228 206,262 +51.4%
Show Consolidation Items breakouts
Corporate Non Segment -23,839 -17,610 -35.4%
Interest Income 11,870 9,901 +19.9%
Show Consolidation Items breakouts
Material Reconciling Items 11,870 9,901 +19.9%
Gain Loss On Investments -2,037 -5,010 +59.3%
Show Consolidation Items breakouts
Material Reconciling Items -2,037 -5,010 +59.3%
Other Non-Operating Income (Expense) -1,232 92 -1439.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -21 -18 -16.7%
Show Consolidation Items breakouts
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
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
Retail Distribution Business 2 2.2 -9.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
Tecumseh Products Holdings LLC -1.9 -2.7 +29.6%
Net Income Loss Attributable To Noncontrolling Interest -2,371 -1,855 -27.8%
Show Equity Components breakouts
Noncontrolling Interest 2,371 1,855 +27.8%
Net Income 239,018 157,432 +51.8%
Show Equity Components breakouts
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)
Show Equity Components breakouts
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
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
Operating Segments 13,933 12,787 +9.0%
Comprehensive Income 230,777 162,874 +41.7%

Balance Sheet

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
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
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
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

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.

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