Latest Mueller Industries Inc. Stories
MEMPHIS, Tenn., May 3, 2013 /PRNewswire/ -- Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly dividend of 12.5 cents per share on its common stock. The dividend will be payable June 17, 2013, to shareholders of record on June 3, 2013. Mueller Industries, Inc. is a leading manufacturer of copper tube and fittings; brass and copper alloy rod, bar and shapes; aluminum and brass forgings; aluminum and copper impact extrusions;...
MEMPHIS, Tenn., April 23, 2013 /PRNewswire/ -- Mueller Industries, Inc. (NYSE: MLI) announced today that net income for the first quarter of 2013 was $26.2 million or 93 cents per diluted share, compared with net income of $32.6 million or 85 cents per diluted share in 2012. The first quarter of 2013 included non-recurring gains of 7 cents versus 15 cents for the same quarter of 2012. Our earnings per share were favorably affected by the repurchase of 10.4 million of our shares in...
MEMPHIS, Tenn., Feb. 19, 2013 /PRNewswire/ -- Mueller Industries, Inc. (NYSE: MLI), announced today that Jeffrey A. Martin was appointed Chief Financial Officer and Treasurer effective February 14, 2013. Mr. Martin has served as Interim Chief Financial Officer since October 26, 2012. Mr. Martin joined Mueller in 1996 and has previously served in various accounting, financial and operations management roles of progressive responsibility. He has worked closely with Mueller's...
MEMPHIS, Tenn., Feb. 15, 2013 /PRNewswire/ -- Mueller Industries, Inc. (NYSE: MLI), announced today that its Board of Directors has declared a regular quarterly dividend of 12.5 cents per share on its common stock. The dividend will be payable March 15, 2013, to shareholders of record on March 1, 2013. Mueller Industries, Inc. is a leading manufacturer of copper tube and fittings; brass and copper alloy rod, bar and shapes; aluminum and brass forgings; aluminum and copper impact...
MEMPHIS, Tenn., Nov. 5, 2012 /PRNewswire/ -- Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly dividend on its common stock of 12.5 cents per share, representing a 25 percent increase over the 10 cent per share regularly quarterly dividend in prior periods. The dividend will be payable December 14, 2012, to shareholders of record on December 3, 2012. The Company also announced that the Board has appointed Gary S....
MEMPHIS, Tenn., Oct. 24, 2012 /PRNewswire/ -- Mueller Industries, Inc. (NYSE: MLI) announced today that Kent A. McKee, Executive Vice President and Chief Financial Officer, will step down from his positions with the Company, effective October 26, 2012, to pursue other opportunities. Jeffrey A. Martin, Vice President - Corporate Development, will serve as interim Chief Financial Officer while the Company searches for a permanent replacement for Mr. McKee. Mr. McKee will remain...
MEMPHIS, Tenn., Oct. 23, 2012 /PRNewswire/ -- Quarterly and Year-to-Date Earnings Mueller Industries, Inc. (NYSE: MLI), announced today that net income in the third quarter was $15.5 million, or 41 cents per diluted share, on net sales of $514.2 million. This compares with net income of $10.5 million, or 27 cents per diluted share, on net sales of $585.8 million in the third quarter of 2011. Year-to-date, the Company earned $66.0 million, or $1.72 per diluted share. For the...
MEMPHIS, Tenn., Sept. 24, 2012 /PRNewswire/ -- Mueller Industries, Inc. (NYSE: MLI) announced today that it has entered into an agreement to repurchase 10,422,859 shares of Mueller common stock owned by Leucadia National Corporation (and its subsidiaries) (NYSE: LUK) at a negotiated price per share of $41.00, for an aggregate purchase price of $427,337,219. The shares to be purchased in the repurchase transaction equate to approximately 27.2% of Mueller's common shares currently...
MEMPHIS, Tenn., Aug. 3, 2012 /PRNewswire/ -- Mueller Industries, Inc. (NYSE: MLI), announced today that its Board of Directors has declared a regular quarterly dividend of 10 cents per share on its common stock. The dividend will be payable September 17, 2012, to shareholders of record on September 4, 2012. Mueller Industries, Inc. is a leading manufacturer of copper tube and fittings; brass and copper alloy rod, bar and shapes; aluminum and brass forgings; aluminum and copper...
MEMPHIS, Tenn., July 24, 2012 /PRNewswire/ -- Mueller Industries, Inc. (NYSE: MLI) announced today that Mueller's net income in the second quarter of 2012 was $17.9 million, or 47 cents per diluted share. This compares with net income of $22.3 million, or 59 cents per diluted share, for the same period of 2011. Net sales for the second quarter of 2012 were $594.1 million compared with $652.9 million in the second quarter of 2011. Of the decrease in net sales, approximately $51.6...
