Mueller Industries Q3 net income rises to $168.7 million on higher sales
Mueller Industries reported third quarter 2024 results for the quarter ended September 28, 2024, with net sales, net income and diluted EPS all higher than a year earlier. The company attributed the sales increase mainly to $102.4 million of sales from recently acquired businesses and higher copper prices, which matters to shareholders because profit rose on both measures.
Key points
- Net sales were $997.8 million, up from $819.8 million in the third quarter of 2023.
- Net income attributable to Mueller Industries was $168.7 million, up from $132.7 million; diluted EPS was $1.48 versus $1.17.
- COMEX copper averaged $4.23 per pound, 12.0% higher than in the third quarter of 2023.
- Cash and short-term investments were $969.6 million at quarter end, and net cash from operations was $231.4 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits 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 October 22, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.