logo
Share SHARE
FONT-SIZE Plus   Neg

Mueller Industries Posts Lower Q1 Profit - Quick Facts

Mueller Industries, Inc. (MLI) posted first-quarter net income of $32.6 million or $0.85 per share versus $40.6 million or $1.07 per share last year.

According to the company, the first quarter of 2012 includes the effects of a LIFO gain of $8.0 million or 13 cents per share and a gain on the settlement of an insurance claim of $1.5 million or two cents per share.

Excluding these unusual items, Mueller's net income for the first quarter was $26.6 million or 69 cents per share compared to $33.8 million or 89 cents per share in the first quarter of 2011.

Net sales in the first quarter declined to $577.7 million from $687.7 million in the same quarter a year earlier.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Lyft announced the launch of luxury black car service, Lyft Lux and Lux SUV, in comparison to black luxury car services that rival Uber originally launched with. With Lyft Lux, passengers will be able to book a black car or luxury black SUV from the Lyft app. The two premium ride hailing options... Kik Interactive Inc., the parent of chat app Kik, said it will launch a new cryptocurrency or token called Kin for use in everyday digital services, such as chat, social media and payments. Kik said it has decided to propose a new ecosystem of digital services that will be truly open and decentralized, and will start with a new cryptocurrency. Several companies have pulled advertisements from Sean Hannity's Fox News show after he continued to promote a conspiracy theory about Democratic National Committee staffer Seth Rich's death. Hannity has come under fire for spreading a conspiracy theory linking Rich's killing to Wikileaks.
comments powered by Disqus
Follow RTT