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
Cisco Systems Inc. (CSCO), the world's largest computer networking gear maker, is accelerating its ability to deliver on growth opportunities, aggressively driving its cloud business, and delivering continued strength in its deferred product revenue, as we sell more of its portfolio in software and cloud models. In fiscal 2016, the company sees a 25% increase in major new product introductions. Sanofi (SNYNF, SNY) reported that its fourth-quarter net income attributable to equity holders decreased to 334 million euros from 1.34 billion euros, last year. Earnings per share was 0.26 euros compared to 1.02 euros. Earnings per share excluding the held for exchange Animal Health Business was 0.41... Tour operator TUI Group reported narrower EBITA loss in its first quarter with increased turnover, driven by strong performances in Northern Region and Cruises. Further, the company said its current trading for Winter 2015/2016 and Summer 2016 remains in line with its expectations. Looking ahead, TUI reiterated its outlook to deliver underlying EBITA growth of at least 10 percent in fiscal 2016.
comments powered by Disqus
Follow RTT