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
Casino operator Las Vegas Sands Corp. (LVS), Monday said its second-quarter profit dropped from last year, hurt largely by continued challenging environment in the high-end gambling business in Macao, China. Earnings for the quarter fell short of Wall Street expectations, as did revenues. Second-quarter... Analog chip maker Texas Instruments Inc. (TXN), Monday reported a 12 percent jump in profit for the second quarter, driven largely by better cost control and higher revenues. Earnings for the quarter trumped analysts' expectations, as did revenues. The company also detailed a strong outlook for the third... UPS (UPS) has announced the expansion of its UPS Worldwide Express package service to reach 117 countries and territories. UPS, the world's largest package delivery services, delivers more packages internationally than any other carrier. Over 50 countries and territories have been added to the UPS...
comments powered by Disqus
Follow RTT