Mueller Industries Q2 sales rise to $997.7 million, but EPS falls to $1.41
Mueller Industries reported second quarter 2024 results with net sales of $997.7 million, up from $897.0 million a year earlier. Diluted EPS fell to $1.41 from $1.56, because the prior-year quarter included a $19.5 million insurance settlement gain and net income declined to $160.2 million from $177.7 million.
Key points
- Net sales were $997.7 million versus $897.0 million in the second quarter of 2023.
- Net income was $160.2 million versus $177.7 million, and diluted EPS was $1.41 versus $1.56.
- Operating income was $210.0 million versus $210.7 million, and the company said adjusted operating income rose 9.8% over the prior year period.
- Cash was $825.7 million at quarter end, after $566.6 million was spent on acquisitions and $15.1 million on stock repurchases during the quarter.
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.