Mueller Industries (MLI) Stock

The increase in remodeling and renovation projects, along with government spending on infrastructure, is boosting market growth. More people are updating their homes, and the government is investing in new facilities. These factors are contributing to a positive trend in the market.

COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) has announced that its Board of Directors has approved a regular cash dividend of 20 cents per share on its common stock. This dividend will be distributed on December 20, 2024, to shareholders who are on record by December 6, 2024. Mueller Industries, Inc. (NYSE: MLI) is an industrial company that produces essential products for key markets, including air, water, oil and gas distribution, climate control, and food preservation.

Mueller Industries, Inc. (NYSE: MLI) has released its financial results for the third quarter of 2024, comparing them to the same period in 2023. The company reported net sales of $997.8 million, up from $819.8 million, and operating income increased to $206.7 million from $181.0 million. Additionally, net income rose to $168.7 million compared to $132.7 million, with diluted earnings per share reaching $1.48, up from $1.17.

Mueller Industries, Inc. (MLI) is a major company in the copper industry, which has led to an increase in its stock prices.

Mueller Industries has achieved a total shareholder return of over 487% in five years, greatly surpassing the SPY, and is still considered a good investment due to its strong profits and returns. Their revenue increased from $2.43 billion in 2019 to $3.4 billion in the last twelve months, with NOPAT growing at an annual rate of 32%, which raised ROIC from 8.9% to 25%. While management has generated $1.77 billion in value for shareholders since 2019, recent drops in NOPAT margins and free cash flow should be watched closely.

One has provided amazing returns, while the other shows great potential.

Bloomberg's “Odd Lots” podcast recently discussed with energy investor John Arnold why it's so difficult to build products in America. The discussion got me thinking about American manufacturing stocks.

COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) today announced that it has completed its acquisition of Nehring Electrical Works Company and certain of its affiliated companies (collectively, “Nehring”). Founded in 1912 and headquartered in DeKalb, Illinois, Nehring produces high-quality wire and cable solutions for the utility, telecommunication, electrical distribution, and OEM markets. The acquisition of Nehring provides a substantial platform for long-term growth.

There was a time when globalization wasn't just a quaint idea but something companies strived for. The American stocks attracting investor attention while this economic movement played out are companies like General Electric (NYSE: GE ) and other industrial conglomerates.