$MLI
MUELLER INDUSTRIES INC

2024 Q4 Form 10-Q Financial Statement

#000008943924000061 Filed on October 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $997.8M
YoY Change 11.24%
Cost Of Revenue $722.5M
YoY Change 13.01%
Gross Profit $275.4M
YoY Change 6.85%
Gross Profit Margin 27.6%
Selling, General & Admin $59.62M
YoY Change 6.34%
% of Gross Profit 21.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.71M
YoY Change 11.46%
% of Gross Profit 4.25%
Operating Expenses $59.62M
YoY Change -10.32%
Operating Profit $206.7M
YoY Change 8.09%
Interest Expense $11.20M
YoY Change -60.6%
% of Operating Profit 5.42%
Other Income/Expense, Net -$122.0K
YoY Change -106.63%
Pretax Income $217.8M
YoY Change -9.62%
Income Tax $49.19M
% Of Pretax Income 22.59%
Net Earnings $168.7M
YoY Change -5.07%
Net Earnings / Revenue 16.91%
Basic Earnings Per Share $1.51
Diluted Earnings Per Share $1.48
COMMON SHARES
Basic Shares Outstanding 113.7M shares 113.3M shares
Diluted Shares Outstanding 113.8M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $969.6M
YoY Change 7.93%
Cash & Equivalents $965.1M
Short-Term Investments $4.449M
Other Short-Term Assets $45.14M
YoY Change 60.24%
Inventory $400.3M
Prepaid Expenses
Receivables $500.6M
Other Receivables $0.00
Total Short-Term Assets $1.916B
YoY Change 3.45%
LONG-TERM ASSETS
Property, Plant & Equipment $506.2M
YoY Change 21.08%
Goodwill $599.6M
YoY Change 277.63%
Intangibles $46.11M
YoY Change -12.87%
Long-Term Investments $80.17M
YoY Change 9.21%
Other Assets $26.27M
YoY Change 22.29%
Total Long-Term Assets $1.291B
YoY Change 78.09%
TOTAL ASSETS
Total Short-Term Assets $1.916B
Total Long-Term Assets $1.291B
Total Assets $3.206B
YoY Change 24.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $183.5M
YoY Change 18.32%
Accrued Expenses $7.681M
YoY Change -85.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $927.0K
YoY Change 38.36%
Total Short-Term Liabilities $394.0M
YoY Change 14.35%
LONG-TERM LIABILITIES
Long-Term Debt $19.00K
YoY Change -98.5%
Other Long-Term Liabilities $27.54M
YoY Change -60.0%
Total Long-Term Liabilities $27.56M
YoY Change -60.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $394.0M
Total Long-Term Liabilities $27.56M
Total Liabilities $497.5M
YoY Change 8.11%
SHAREHOLDERS EQUITY
Retained Earnings $2.993B
YoY Change 25.93%
Common Stock $1.604M
YoY Change 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $586.5M
YoY Change 11.79%
Treasury Stock Shares
Shareholders Equity $2.678B
YoY Change
Total Liabilities & Shareholders Equity $3.206B
YoY Change 24.44%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $168.7M
YoY Change -5.07%
Depreciation, Depletion And Amortization $11.71M
YoY Change 11.46%
Cash From Operating Activities $231.4M
YoY Change 66.23%
INVESTING ACTIVITIES
Capital Expenditures $25.68M
YoY Change 18.56%
Acquisitions
YoY Change
Other Investing Activities -$33.35M
YoY Change -142.51%
Cash From Investing Activities -$59.03M
YoY Change -203.95%
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
YoY Change 33.99%
NET CHANGE
Cash From Operating Activities 231.4M
Cash From Investing Activities -59.03M
Cash From Financing Activities -48.86M
Net Change In Cash 123.5M
YoY Change -22.58%
FREE CASH FLOW
Cash From Operating Activities $231.4M
Capital Expenditures $25.68M
Free Cash Flow $205.7M
YoY Change 75.02%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CurrentFiscalYearEndDate
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dei Document Fiscal Year Focus
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dei Trading Symbol
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RestrictedCashAndCashEquivalentsNoncurrent
102000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
102000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
965605000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1174223000 usd
CY2024Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
152713000 usd
CY2023Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
111843000 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
51994000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
61793000 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
208106000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
220629000 usd
CY2024Q3 us-gaap Inventory Adjustments
InventoryAdjustments
12561000 usd
CY2023Q4 us-gaap Inventory Adjustments
InventoryAdjustments
14017000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
400252000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
380248000 usd
CY2024Q3 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
200000 usd
CY2023Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
3200000 usd
mli Term Of Guarantees
TermOfGuarantees
P1Y
CY2024Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
28800000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.23
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.27
CY2024Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
6500000 usd
CY2024Q3 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1800000 usd
CY2024Q3 mli Effective Income Tax Rate Reconciliation Other Items Amount
EffectiveIncomeTaxRateReconciliationOtherItemsAmount
5000000.0 usd
CY2024Q3 mli Effective Income Tax Rate Reconciliation Equity Compensation Amount
EffectiveIncomeTaxRateReconciliationEquityCompensationAmount
9900000 usd
CY2023Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
6500000 usd
CY2023Q3 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
6100000 usd
CY2023Q3 mli Effective Income Tax Rate Reconciliation Other Adjustment Amount
EffectiveIncomeTaxRateReconciliationOtherAdjustmentAmount
1500000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.26
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
18400000 usd
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
5700000 usd
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
21500000 usd
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
10700000 usd
mli Effective Income Tax Rate Reconciliation Other Adjustment Amount
EffectiveIncomeTaxRateReconciliationOtherAdjustmentAmount
2000000.0 usd
CY2024Q3 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
25000000 usd
us-gaap Proceeds From Insurance Settlement Operating Activities
ProceedsFromInsuranceSettlementOperatingActivities
15000000 usd
CY2024Q3 mli Insurance Advances Net
InsuranceAdvancesNet
12600000 usd
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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0000089439-24-000061-index-headers.html Edgar Link pending
0000089439-24-000061-index.html Edgar Link pending
0000089439-24-000061.txt Edgar Link pending
0000089439-24-000061-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mli-20240928.htm Edgar Link pending
mli-20240928.xsd Edgar Link pending
mli-20240928_g1.jpg Edgar Link pending
mli-20240928_g2.jpg Edgar Link pending
q32024exhibit311.htm Edgar Link pending
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mli-20240928_def.xml Edgar Link unprocessable
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mli-20240928_htm.xml Edgar Link completed
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report.css Edgar Link pending
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mli-20240928_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable