Mueller Industries reports strongest fourth quarter on record
For the fourth quarter 2022, the industrial manufacturer reported $190.4 million, up more than 10% from the $172.1 million it reported for the same quarter in 2021.
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For the fourth quarter 2022, the industrial manufacturer reported $190.4 million, up more than 10% from the $172.1 million it reported for the same quarter in 2021.
Mueller reported $956.4 million in fourth-quarter net sales and operating income of $172.1 million.
Mueller Industries, a Collierville-based industrial manufacturing holding company, has an agreement to buy a flexible duct business.
The Collierville-based company cited higher copper prices and revenue increases from newly acquired businesses for a boost in third-quarter earnings.
Mueller Industries reported entering into an asset purchase agreement for certain manufacturing assets and inventory of Wieland-Kessler LLC on Monday, Aug. 3.
Q1 earnings more than doubled from a year earlier, but Mueller Industries warned Tuesday, April 21, coronavirus is expected to take a big bite out of April-June results.
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