$MLI
MUELLER INDUSTRIES INC

2024 Q3 Form 10-Q Financial Statement

#000008943924000044 Filed on July 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $997.8M $997.7M
YoY Change 11.24% 2.73%
Cost Of Revenue $722.5M $725.0M
YoY Change 13.01% 6.8%
Gross Profit $275.4M $272.8M
YoY Change 6.85% -6.72%
Gross Profit Margin 27.6% 27.34%
Selling, General & Admin $59.62M $52.73M
YoY Change 6.34% 0.19%
% of Gross Profit 21.65% 19.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.71M $10.02M
YoY Change 11.46% -6.0%
% of Gross Profit 4.25% 3.67%
Operating Expenses $59.62M $52.73M
YoY Change -10.32% 0.19%
Operating Profit $206.7M $210.0M
YoY Change 8.09% -8.34%
Interest Expense $11.20M $14.28M
YoY Change -60.6% 9883.22%
% of Operating Profit 5.42% 6.8%
Other Income/Expense, Net -$122.0K -$1.356M
YoY Change -106.63% -160.64%
Pretax Income $217.8M $222.9M
YoY Change -9.62% -6.11%
Income Tax $49.19M $58.38M
% Of Pretax Income 22.59% 26.19%
Net Earnings $168.7M $160.2M
YoY Change -5.07% -7.55%
Net Earnings / Revenue 16.91% 16.05%
Basic Earnings Per Share $1.51 $1.44
Diluted Earnings Per Share $1.48 $1.41
COMMON SHARES
Basic Shares Outstanding 113.3M shares 113.6M shares
Diluted Shares Outstanding 113.8M shares 114.0M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $969.6M $825.7M
YoY Change 7.93% 5.53%
Cash & Equivalents $965.1M $825.7M
Short-Term Investments $4.449M $0.00
Other Short-Term Assets $45.14M $50.35M
YoY Change 60.24% 77.15%
Inventory $400.3M $406.2M
Prepaid Expenses
Receivables $500.6M $522.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.916B $1.805B
YoY Change 3.45% 2.14%
LONG-TERM ASSETS
Property, Plant & Equipment $506.2M $471.4M
YoY Change 21.08% 24.94%
Goodwill $599.6M $608.9M
YoY Change 277.63% 284.97%
Intangibles $46.11M $43.47M
YoY Change -12.87% -19.3%
Long-Term Investments $80.17M $77.45M
YoY Change 9.21% 6.98%
Other Assets $26.27M $25.58M
YoY Change 22.29% 22.03%
Total Long-Term Assets $1.291B $1.261B
YoY Change 78.09% 77.01%
TOTAL ASSETS
Total Short-Term Assets $1.916B $1.805B
Total Long-Term Assets $1.291B $1.261B
Total Assets $3.206B $3.066B
YoY Change 24.44% 23.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $183.5M $198.5M
YoY Change 18.32% 10.76%
Accrued Expenses $7.681M $8.000M
YoY Change -85.26% -81.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $927.0K $785.0K
YoY Change 38.36% -29.15%
Total Short-Term Liabilities $394.0M $387.2M
YoY Change 14.35% -4.8%
LONG-TERM LIABILITIES
Long-Term Debt $19.00K $74.00K
YoY Change -98.5% -94.08%
Other Long-Term Liabilities $27.54M $33.17M
YoY Change -60.0% 100.99%
Total Long-Term Liabilities $27.56M $33.24M
YoY Change -60.69% 87.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $394.0M $387.2M
Total Long-Term Liabilities $27.56M $33.24M
Total Liabilities $497.5M $493.3M
YoY Change 8.11% 0.24%
SHAREHOLDERS EQUITY
Retained Earnings $2.993B $2.847B
YoY Change 25.93% 28.5%
Common Stock $1.604M $1.604M
YoY Change 100.0% 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $586.5M $568.5M
YoY Change 11.79% 12.44%
Treasury Stock Shares
Shareholders Equity $2.678B $2.546B
YoY Change
Total Liabilities & Shareholders Equity $3.206B $3.066B
YoY Change 24.44% 23.66%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $168.7M $160.2M
YoY Change -5.07% -7.55%
Depreciation, Depletion And Amortization $11.71M $10.02M
YoY Change 11.46% -6.0%
Cash From Operating Activities $231.4M $100.8M
YoY Change 66.23% -9.74%
INVESTING ACTIVITIES
Capital Expenditures $25.68M $9.197M
YoY Change 18.56% 21.72%
Acquisitions
YoY Change
Other Investing Activities -$33.35M -$573.5M
YoY Change -142.51% -1075.89%
Cash From Investing Activities -$59.03M -$582.7M
YoY Change -203.95% -1237.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -48.86M -36.78M
YoY Change 33.99% 92.56%
NET CHANGE
Cash From Operating Activities 231.4M 100.8M
Cash From Investing Activities -59.03M -582.7M
Cash From Financing Activities -48.86M -36.78M
Net Change In Cash 123.5M -518.7M
YoY Change -22.58% -454.54%
FREE CASH FLOW
Cash From Operating Activities $231.4M $100.8M
Capital Expenditures $25.68M $9.197M
Free Cash Flow $205.7M $91.55M
YoY Change 75.02% -12.02%

Facts In Submission

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MetaLinks.json Edgar Link pending
mli-20240629.htm Edgar Link pending
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