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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 21, 2026
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MUELLER INDUSTRIES INC.
(Exact name of registrant as specified in its charter)  
Delaware 1-6770 25-0790410
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
  
150 Schilling Boulevard Suite 100
Collierville Tennessee 38017
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (901) 753-3200
Registrant’s Former Name or Address, if changed since last report: N/A
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol Name of exchange on which registered
Common Stock MLI NYSE
 
 Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new of revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02. Results of Operations and Financial Condition.

On July 21, 2026, the Registrant issued a press release announcing earnings for the quarter ended June 27, 2026. A copy of the press release announcing the second quarter 2026 earnings is attached as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.
 
(d) Exhibits
 
  99.1
Press release, dated July 21, 2026 reporting second quarter 2026 earnings.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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 SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  MUELLER INDUSTRIES, INC.
   
  By:
/s/ ANTHONY J. STEINRIEDE
 
  Name: Anthony J. Steinriede
  Title: Vice President - Corporate Controller
     
July 21, 2026    

 


 




















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Exhibit Index
 
Exhibit No. Description 
   
99.1


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 






















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EX-99.1 2 exhibit991q22026earningsre.htm EX-99.1 Document

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Mueller Industries, Inc. Reports Second Quarter 2026 Earnings

COLLIERVILLE, Tenn., July 21, 2026 -- Mueller Industries, Inc. (NYSE: MLI) announces results for the second quarter of 2026. Comparisons are to the second quarter of 2025.
•Net Sales increased to $1.43 billion versus $1.14 billion.
•Net Income increased to $249.7 million versus $245.9 million.
•Operating Income increased to $310.0 million versus $304.2 million.
•Diluted EPS* increased to $1.13 versus $1.11.
•Dividends per share* increased to $.175 versus $.125.
* Diluted EPS and dividends per share have been adjusted retroactively to reflect the two-for-one stock split that took effect on June 30, 2026.

Second Quarter Financial and Operating Highlights:
•COMEX copper averaged $6.16 per pound during the quarter, a 30.6 percent increase over the prior year period.
•Adjusting for the $36.3 million insurance gain ($28.1 million net of tax) recognized in the second quarter of 2025, we delivered a 15.7 percent increase in operating income.
•Unit volume growth in each of our three reporting segments, combined with price increases related to the rise in material costs, contributed to the overall increase in net sales.
•Net cash generated from operations was $212.3 million. We utilized $138.3 million during the quarter to acquire Bison Metals Technologies LLC.
•Our cash and short-term investments balance at quarter end was $1.42 billion, and our current ratio remains strong at 4.8 to 1.

Regarding the results and outlook for the business, Greg Christopher, Mueller’s CEO said, “We delivered consistent year over year earnings growth and executed at a high level. Business demand continues to strengthen in our commercial, industrial and electrical markets. Backlogs are strong, and we are carrying out our 2030 strategic plan initiatives with a high sense of urgency. During the quarter, we completed two acquisitions in our core metals businesses — Bison Metals Technologies on March 30, 2026, and Chicago Extruded Metals on June 12, 2026. With Bison already having delivered a record second quarter, we expect both to meaningfully contribute in the near term.

We are optimistic that the U.S. residential construction markets will eventually improve, and look forward to a resolution of the conflict in Iran, leading to lower energy costs and reduced inflationary pressures. As such, we are anticipating continued strength in our business.”

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Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservation; electrical transmission; medical; aerospace; and automotive. It includes a network of companies and brands throughout North America, Europe, Asia, and the Middle East.
*********************
Statements in this release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties. These include economic and currency conditions, continued availability of raw materials and energy, market demand, pricing, competitive and technological factors, and the availability of financing, among others, as set forth in the Company’s SEC filings. The words “outlook,” “estimate,” “project,” “intend,” “expect,” “believe,” “target,” “encourage,” “anticipate,” “appear,” and similar expressions are intended to identify forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report. The Company has no obligation to publicly update or revise any forward-looking statements to reflect events after the date of this report.

CONTACT
Jeffrey A. Martin
(901) 753-3226
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MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)

For the Quarter Ended For the Six Months Ended
(In thousands, except per share data) June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025
Net sales $ 1,427,923  $ 1,138,173  $ 2,620,928  $ 2,138,338 
Cost of goods sold 1,032,577 785,194 1,867,138 1,513,379
Depreciation and amortization 17,335 17,905 33,987 35,028
Selling, general, and administrative expense 67,850 67,521 134,635 130,581
Loss (gain) on disposal of assets, net 187  (337) 1,720  (14,802)
Gain on sale of business —  —  (41,407) — 
Asset impairments —  —  2,653  — 
Gain on insurance proceeds —  (36,278) —  (36,278)
Operating income 309,974 304,168 622,202 510,430
Interest expense (134) (17) (134) (42)
Interest income 10,978  8,222  22,848  18,123 
Unrealized gains on short-term investments 6,545  13,212  4,508  8,202 
Other expense, net (1,127) (1,142) (2,359) (1,050)
Income before income taxes 326,236 324,443  647,065 535,663 
Income tax expense (82,869) (78,857) (162,424) (130,332)
Income from unconsolidated affiliates, net of foreign tax 6,920  2,897  7,035  2,439 
Consolidated net income 250,287  248,483  491,676  407,770 
Net income attributable to noncontrolling interests (632) (2,559) (3,003) (4,414)
Net income attributable to Mueller Industries, Inc. $ 249,655  $ 245,924  $ 488,673  $ 403,356 
Weighted average shares for basic earnings per share (1)
217,412 217,492 217,800 219,484
Effect of dilutive stock-based awards (1)
3,780 4,392 3,706 4,530
Adjusted weighted average shares for diluted earnings per share (1)
221,192 221,884 221,506 224,014
Basic earnings per share (1)
$ 1.15  $ 1.13  $ 2.24  $ 1.84 
Diluted earnings per share (1)
$ 1.13  $ 1.11  $ 2.21  $ 1.80 
Dividends per share (1)
$ 0.175  $ 0.125  $ 0.350  $ 0.250 
(1) Adjusted retroactively to reflect the two-for-one stock split that occurred on June 30, 2026.
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MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME, CONTINUED
(Unaudited)
For the Quarter Ended For the Six Months Ended
(In thousands) June 27, 2026 June 28, 2025 June 27, 2026 June 28, 2025
Summary Segment Data:
Net sales:
    Piping Systems Segment $ 946,575  $ 743,475  $ 1,707,103  $ 1,383,158 
    Industrial Metals Segment 354,998 270,598 676,275 522,511
    Climate Segment 144,952 137,515 268,717 260,622
    Elimination of intersegment sales (18,602) (13,415) (31,167) (27,953)
Net sales
 $ 1,427,923  $ 1,138,173  $ 2,620,928  $ 2,138,338 
Operating income:
    Piping Systems Segment $ 248,346  $ 250,296  $ 465,356  $ 408,460 
    Industrial Metals Segment 42,787 30,610 87,058 60,694
    Climate Segment 42,583 42,628 75,962 78,252
    Unallocated expenses (23,742) (19,366) (6,174) (36,976)
Operating income $ 309,974  $ 304,168  $ 622,202  $ 510,430 


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MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
 
(Unaudited)
(In thousands)
 June 27,
2026		 December 27, 2025
ASSETS
Cash and cash equivalents $ 1,388,748  $ 1,367,003 
Short-term investments 27,241 22,733
Accounts receivable, net
 761,869 475,566
Inventories 607,654 510,463
Other current assets
 59,759 69,980
    Total current assets 2,845,271 2,445,745
Property, plant, and equipment, net 557,196 536,466
Operating lease right-of-use assets
 19,239 27,211 
Other assets
 835,562 723,607
Total assets $ 4,257,268  $ 3,733,029 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable $ 295,767  $ 180,577 
Current portion of operating lease liabilities
 7,589  8,520 
Other current liabilities
 292,468 224,037
    Total current liabilities 595,824 413,134
Long-term debt 5,243 —
Pension and postretirement liabilities 8,389 8,393
Environmental reserves 15,689 15,684
Deferred income taxes 34,513 31,640
Noncurrent operating lease liabilities 11,852 18,970 
Other noncurrent liabilities
 11,742 9,302
    Total liabilities
 683,252 497,123
Total Mueller Industries, Inc. stockholders’ equity 3,547,750  3,209,966
Noncontrolling interests
 26,266  25,940
    Total equity
 3,574,016  3,235,906
Total liabilities and equity $ 4,257,268  $ 3,733,029 








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MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

For the Six Months Ended
 (In thousands)
June 27, 2026 June 28, 2025
Cash flows from operating activities
Consolidated net income $ 491,676  $ 407,770 
Reconciliation of consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 33,987  35,028 
Stock-based compensation expense 15,846  13,940 
Provision for credit losses 818  73 
Income from unconsolidated affiliates (7,035) (2,439)
Dividends from unconsolidated affiliates 4,621  2,812 
Insurance proceeds - noncapital related —  12,345 
Loss (gain) on disposals of assets, net 1,720  (14,802)
Gain on sale of business (41,407) — 
Unrealized gains on short-term investments (4,508) (8,202)
Impairment charges 2,653  — 
Gain on insurance proceeds —  (36,278)
Deferred income tax expense 3,109  4,420 
Changes in assets and liabilities, net of effects of businesses acquired and sold:
Receivables (292,241) (134,535)
Inventories (89,164) (41,190)
Other assets 983  (4,371)
Current liabilities 167,903  72,259 
Other liabilities 2,365  (2,420)
Other, net 675  (249)
Net cash provided by operating activities $ 292,001  $ 304,161 
Cash flows from investing activities
Capital expenditures $ (38,796) $ (30,691)
Acquisition of business, net of cash acquired (138,269) — 
Proceeds from sale of business, net of cash sold 57,004  — 
Insurance proceeds - capital related —  2,655 
Purchase of short-term investments —  (26,633)
Purchase of long-term investments (5,834) (552)
Proceeds from sales of assets 62  21,135 
Other —  600 
Net cash used in investing activities $ (125,833) $ (33,486)
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MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
For the Six Months Ended
 (In thousands) June 27, 2026 June 28, 2025
Cash flows from financing activities
Dividends paid to stockholders of Mueller Industries, Inc. $ (76,094) $ (54,398)
Repurchase of common stock (76,439) (243,615)
Repayments of debt —  (111)
Net cash used to settle stock-based awards (497) (4,189)
Dividends paid to noncontrolling interests (4,956) (12,240)
Other 3,100  — 
Net cash used in financing activities $ (154,886) $ (314,553)
Effect of exchange rate changes on cash (5,718) 11,718 
Increase (decrease) in cash, cash equivalents, and restricted cash 5,564  (32,160)
Cash, cash equivalents, and restricted cash at the beginning of the period 1,385,157  1,038,895 
Cash, cash equivalents, and restricted cash at the end of the period $ 1,390,721  $ 1,006,735 
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