logo
Plus   Neg
Share
Email

Mueller Industries Q2 adjusted earnings Beat Estimates

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

The company's profit came in at $27.99 million, or $0.50 per share. This compares with $33.18 million, or $0.58 per share, in last year's second quarter.

Excluding items, Mueller Industries reported adjusted earnings of $32.87 million or $0.58 per share for the period.

Analysts had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.5% to $666.39 million from $662.77 million last year.

Mueller Industries earnings at a glance:

-Earnings (Q2): $32.87 Mln. vs. $33.18 Mln. last year.
-EPS (Q2): $0.58 vs. $0.58 last year.
-Analysts Estimate: $0.51
-Revenue (Q2): $666.39 Mln vs. $662.77 Mln last year.

For comments and feedback contact: editorial@rttnews.com

RELATED NEWS
Follow RTT