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Mueller Industries Q1 Profit Drops

Mueller Industries (MLI) released earnings for first quarter that declined from the same period last year.

The company's bottom line totaled $24.13 million, or $0.42 per share. This compares with $29.99 million, or $0.52 per share, in last year's first quarter.

The company's revenue for the quarter rose 10.8% to $640.06 million from $577.92 million last year.

Mueller Industries earnings at a glance:

-Earnings (Q1): $24.13 Mln. vs. $29.99 Mln. last year.
-EPS (Q1): $0.42 vs. $0.52 last year.
-Revenue (Q1): $640.06 Mln vs. $577.92 Mln last year.

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