Mueller Industries First Quarter 2023 Earnings: EPS: US$3.11 (vs US$2.82 in 1Q 2022)

Mueller Industries (NYSE:MLI) First Quarter 2023 Results

Key Financial Results

• Revenue: US$971.2m (down 3.8% from 1Q 2022).

• Net income: US$173.2m (up 9.4% from 1Q 2022).

• Profit margin: 18% (up from 16% in 1Q 2022). The increase in margin was driven by lower expenses.

• EPS: US$3.11 (up from US$2.82 in 1Q 2022).

earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mueller Industries Earnings Insights

Looking ahead, revenue is expected to decline by 5.8% p.a. on average during the next 2 years, while revenues in the Machinery industry in the US are expected to grow by 4.9%.

Performance of the American Machinery industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Mueller Industries you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here