The story
The company was founded in 1917.
From Wikipedia’s article on Mueller Industries, shared under CC BY-SA 4.0.6
MLI on NYSE
Mueller Industries
Logo: muellerindustries.com4
American manufacturing company
Mueller Industries is an American manufacturing company that specializes in piping, industrial metals and climate machinery. It was founded in 1917 and is included on the Fortune 1000 list in 2022.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 16, 2026.
Overview
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- TickerMLI on NYSE1
- IndustryRolling Drawing & Extruding of Nonferrous Metals1
- HeadquartersDE1
- Websitewww.muellerindustries.com
- Legal formcompany1
- Incorporated inDE5
- Business addressSuite 100, 150 Schilling Boulevard, Collierville, Tn 380175
- Filer categoryLarge accelerated filer5
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Mueller Industries is an American manufacturing company that specializes in piping, industrial metals and climate machinery. It was founded in 1917 and is included on the Fortune 1000 list in 2022. The head office of the company is located in Memphis, Tennessee. Mueller Industries, Inc. is a multi-billion dollar revenue company that is publicly traded.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Tube and fittings brought in 52% of the revenue Mueller Industries broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tube and fittings | $1.9B | $2.1B | $2.2B |
| Brass Rod, Forgings, Wire and Cable | $695.9M | $886.6M | |
| Valves and plumbing specialties | $455.6M | $450.3M | $491.8M |
| Flex Duct and Other HVAC Components | $379.9M | $369.8M | $366.2M |
| OEM components, valves, tube and assemblies | $200.8M | $191.8M | $209.7M |
| Other Products | $43.8M | $49.4M | $59.1M |
Business segments
Piping Systems brought in 64% of the revenue Mueller Industries broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Piping Systems | $2.4B | $2.5B | $2.7B |
| Industrial Metals | $564.1M | $803.3M | $1.0B |
| Climate | $500.7M | $487.8M | $496.8M |
Regions
United States brought in 79% of the revenue Mueller Industries broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $2.6B | $2.8B | $3.3B |
| Canada | $339.7M | $344.6M | $347.7M |
| United Kingdom | $270.1M | $280.7M | $283.3M |
| Asia and Middle East | $153.8M | $231.1M | $186.6M |
| Mexico | $84.6M | $85.8M | $75.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin6¢$248.7M
- Other costs70¢$2.9B
- Income tax6¢$247.4M
- Profit18¢$765.2M
Out of $4.2B in revenue.7
Where each dollar of operating cash went, fiscal 2025
- Dividends paid14¢$109.0M
- Share buybacks32¢$243.6M
- Kept or used elsewhere53¢$402.8M
Out of $755.4M of cash from operations.7
Financial statements
Every line of the income statement in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $4.2B | $3.8B | $3.4B |
| Cost of goods sold | $3.0B | $2.7B | $2.4B |
| Depreciation and amortization | $68.6M | $53.1M | $40.0M |
| Selling, general, and administrative expense | $248.7M | $226.7M | $208.2M |
| Gain on sale of businesses | $0 | $0 | -$4.1M |
| Gain on disposal of assets, net | -$25.9M | -$5.8M | $0 |
| Impairment charges | $3.7M | $0 | $6.3M |
| Gain on insurance proceeds | -$41.1M | $0 | -$19.5M |
| Operating income | $958.5M | $770.4M | $756.1M |
| Interest expense | -$108.0K | -$410.0K | -$1.2M |
| Interest income | $41.1M | $53.5M | $38.2M |
| Realized and unrealized gains on short-term investments | $18.5M | $914.0K | $41.9M |
| Gain on extinguishment of NMTC liability | $0 | $1.3M | $7.5M |
| Environmental expense | -$2.2M | -$2.2M | -$825.0K |
| Pension plan termination expense | -$4.8M | $0 | $0 |
| Other income (expense), net | $1.3M | -$2.9M | $3.6M |
| Income before income taxes | $1.0B | $820.5M | $845.2M |
| Income tax expense | -$247.4M | -$205.1M | -$220.8M |
| Income (loss) from unconsolidated affiliates, net of foreign tax | $8.6M | $2.2M | -$14.8M |
| Consolidated net income | $773.6M | $617.5M | $609.6M |
| Net income attributable to noncontrolling interests | -$8.4M | -$12.7M | -$6.8M |
| Net income attributable to Mueller Industries, Inc. | $765.2M | $604.9M | $602.9M |
| Weighted average shares for basic earnings per share (in shares) | 109.5M shares | 111.4M shares | 111.4M shares |
| Effect of dilutive stock-based awards (in shares) | 2.0M shares | 2.6M shares | 2.2M shares |
| Adjusted weighted average shares for diluted earnings per share (in shares) | 111.5M shares | 114.0M shares | 113.7M shares |
| Basic earnings per share (in dollars per share) | $6.99 | $5.43 | $5.41 |
| Diluted earnings per share (in dollars per share) | $6.86 | $5.31 | $5.30 |
| Dividends per share (in dollars per share) | $1.00 | $0.80 | $0.60 |
Every line of the balance sheet in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $1.4B | $1.0B | |
| Short-term investments | $22.7M | $21.9M | |
| Accounts receivable, less allowance for credit losses of $2,545 in 2025 and $3,724 in 2024 | $475.6M | $450.1M | |
| Inventories | $510.5M | $462.3M | |
| Other current assets | $70.0M | $40.7M | |
| Total current assets | $2.4B | $2.0B | |
| Property, plant, and equipment, net | $536.5M | $515.1M | |
| Operating lease right-of-use assets | $27.2M | $32.7M | |
| Goodwill, net | $298.2M | $311.2M | $151.8M |
| Intangible assets, net | $287.1M | $306.4M | |
| Investment in unconsolidated affiliates | $108.6M | $88.0M | |
| Other noncurrent assets | $29.7M | $25.3M | |
| Total Assets | $3.7B | $3.3B | $2.8B |
| Current portion of debt | $0 | $1.1M | |
| Accounts payable | $180.6M | $173.7M | |
| Accrued wages and other employee costs | $58.1M | $60.1M | |
| Current portion of operating lease liabilities | $8.5M | $8.1M | |
| Other current liabilities | $165.9M | $154.9M | |
| Total current liabilities | $413.1M | $398.0M | |
| Pension liabilities | $212.0K | $3.1M | |
| Postretirement benefits other than pensions | $8.2M | $8.1M | |
| Environmental reserves | $15.7M | $15.4M | |
| Deferred income taxes | $31.6M | $25.7M | |
| Noncurrent operating lease liabilities | $19.0M | $24.5M | |
| Other noncurrent liabilities | $9.3M | $11.6M | |
| Total liabilities | $497.1M | $486.5M | |
| Preferred stock - $1.00 par value; shares authorized 5,000,000; none outstanding | $0 | $0 | |
| Common stock - $.01 par value; shares authorized 250,000,000; issued 160,366,008; outstanding 111,179,750 in 2025 and 113,751,127 in 2024 | $1.6M | $1.6M | |
| Additional paid-in capital | $345.0M | $330.5M | |
| Retained earnings | $3.8B | $3.1B | |
| Accumulated other comprehensive loss | -$50.8M | -$80.3M | |
| Treasury common stock, at cost | -$847.4M | -$586.5M | |
| Total Mueller Industries, Inc. stockholders' equity | $3.2B | $2.8B | |
| Noncontrolling interests | $25.9M | $31.2M | |
| Total equity | $3.2B | $2.8B | |
| Commitments and contingencies | $0 | $0 | |
| Total Liabilities and Equity | $3.7B | $3.3B | |
| Allowance for credit losses | $2.5M | $3.7M | |
| Preferred stock, par value (in dollars per share) | $1.00 | $1.00 | |
| Preferred stock, authorized (in shares) | 5.0M shares | 5.0M shares | |
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, authorized (in shares) | 250.0M shares | 250.0M shares | |
| Common stock, issued (in shares) | 160.4M shares | 160.4M shares | |
| Common stock, outstanding (in shares) | 111.2M shares | 113.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Consolidated net income | $773.6M | $617.5M | $609.6M |
| Depreciation | $47.8M | $39.2M | $34.9M |
| Amortization of intangibles | $20.8M | $13.9M | $5.0M |
| Amortization of debt issuance costs | $0 | $243.0K | $870.0K |
| (Income) loss from unconsolidated affiliates | -$8.6M | -$2.2M | $14.8M |
| Dividends from unconsolidated affiliates | $6.8M | $4.8M | $0 |
| Insurance proceeds - noncapital related | $15.5M | $18.9M | $9.9M |
| Gain on sale of securities | -$16.7M | -$365.0K | -$17.1M |
| Gain on insurance proceeds | -$41.1M | $0 | -$19.5M |
| Stock-based compensation expense | $26.8M | $26.8M | $23.1M |
| Provision for doubtful accounts receivable | $143.0K | $1.1M | -$84.0K |
| Gain on disposals of assets, net | -$25.9M | -$5.8M | -$1.0K |
| Gain on sale of businesses | $0 | $0 | -$4.1M |
| Unrealized gains on short-term investments | -$1.9M | -$549.0K | -$24.8M |
| Impairment charges | $3.7M | $0 | $6.3M |
| Gain on extinguishment of NMTC liability | $0 | -$1.3M | -$7.5M |
| Deferred income tax expense (benefit) | $6.6M | -$867.0K | $4.8M |
| Change in fair value of contingent consideration | -$4.6M | $0 | $0 |
| Receivables | -$19.1M | -$56.6M | $30.9M |
| Inventories | -$40.4M | -$32.8M | $67.9M |
| Other assets | -$16.4M | -$1.0M | -$20.7M |
| Current liabilities | $35.1M | $24.4M | -$40.6M |
| Other liabilities | -$5.4M | -$1.1M | -$3.5M |
| Other, net | -$1.2M | $1.5M | $2.5M |
| Net cash provided by operating activities | $755.4M | $645.9M | $672.8M |
| Proceeds from sale of assets, net of cash transferred | $38.5M | $12.0M | $279.0K |
| Purchase of short-term investments | -$70.7M | -$21.3M | -$106.2M |
| Purchase of long-term investments | -$781.0K | -$6.8M | $0 |
| Acquisition of businesses, net of cash acquired | $0 | -$602.7M | $0 |
| Capital expenditures | -$68.8M | -$80.2M | -$54.0M |
| Payment received for (issuance of) notes receivable with unconsolidated affiliates | $1.2M | -$3.8M | $0 |
| Insurance proceeds - capital related | $4.5M | $6.1M | $24.6M |
| Proceeds from the sale of securities | $88.4M | $98.5M | $55.5M |
| Proceeds from the maturity of short-term investments | $0 | $0 | $217.9M |
| Dividends from unconsolidated affiliates | $0 | $0 | $1.1M |
| Investment received from noncontrolling interests | $600.0K | $0 | $0 |
| Investments in unconsolidated affiliates | -$17.9M | -$8.7M | -$4.0M |
| Net cash (used in) provided by investing activities | -$24.9M | -$606.9M | $135.1M |
| Dividends paid to stockholders of Mueller Industries, Inc. | -$109.0M | -$89.1M | -$66.9M |
| Dividends paid to noncontrolling interests | -$12.2M | $0 | -$9.3M |
| Repayments of long-term debt | -$185.0K | -$222.0K | -$241.0K |
| Issuance (repayment) of debt by consolidated joint ventures, net | $0 | $397.0K | -$30.0K |
| Repurchase of common stock | -$243.6M | -$48.7M | -$19.3M |
| Net cash used to settle stock-based awards | -$29.5M | -$22.9M | -$8.8M |
| Net cash used in financing activities | -$394.6M | -$160.5M | -$104.5M |
| Effect of exchange rate changes on cash | $10.3M | -$13.8M | $5.6M |
| Increase (decrease) in cash, cash equivalents, and restricted cash | $346.3M | -$135.3M | $708.9M |
Products and brands
Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, Canada, Mexico, Great Britain, South Korea and China. It operates in three segments, Plumbing, Industrial Metals & Climate Equipment.
The Plumbing & Refrigeration segment offers copper tubes in straight lengths and coils; copper and plastic fittings, line sets, plastic pipes, valves, and related components for use in water distribution systems, heating systems, air-conditioning, and refrigeration applications, as well as for drainage, waste, and vent systems. It also fabricates steel pipe nipples and resells imported brass and plastic plumbing valves, malleable iron fittings, faucets, and plumbing specialty products to plumbing wholesalers and building materials retailers, as well as to distributors of manufactured housing and recreational vehicle industries. This segment markets its products through its sales offices and distribution centers, and a network of agents.
From Wikipedia’s article on Mueller Industries, shared under CC BY-SA 4.0.6
Recent filings
- Aug 27, 2026144
- Aug 27, 20264
- Aug 17, 20264
- Aug 13, 2026144
- Aug 12, 20264
- Aug 10, 20268-K
- Aug 10, 2026144
- Aug 5, 20264
- Aug 5, 20264
- Aug 5, 20264
- Aug 5, 20264
- Aug 5, 20264
- Aug 4, 2026144
- Jul 31, 20264
- Jul 31, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.muellerindustries.com1
- WikipediaMueller Industries
- WikidataQ16885315
- SEC EDGARCIK 89439
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataMueller Industries on Wikidata
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- 3WikipediaMueller Industries on Wikipedia
- 4Company websiteMueller Industries logo
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