Mueller Q3 EPS $1.00 as Sales Jump 32% to $1.42B; $201.9M Buyback in Quarter
MLI is trading near its 52-week low of $49.51 (15% above the low).
Summary
Mueller's Q3 sales rose 32% to $1.42 billion and diluted EPS climbed to $1.00 from $0.94, with $337 million of quarterly operating cash flow funding a $201.9 million share buyback.
Key Events · Earnings and Guidance · MLI
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Q3 Sales Up 32% to $1.42B
Net sales rose to $1.4186 billion from $1.0778 billion, with Piping Systems at $890.6M, Industrial Metals at $409.4M and Climate at $142.8M.
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EPS $1.00, Operating Income $281.6M
Diluted EPS rose to $1.00 from $0.94 (split-adjusted) and operating income to $281.6M from $276.1M, held back by $9.4M of purchase-accounting charges from recent acquisitions.
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$201.9M Buyback in the Quarter
Mueller repurchased 3.2 million shares for $201.9 million in Q3; year-to-date repurchases total 4.5 million shares for $278.3 million.
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Cash Build to $1.48B
Operating cash flow was $337.0 million in the quarter and $629.0 million year-to-date, lifting cash and short-term investments to $1.48 billion with a 4.4:1 current ratio.
Analysis · MLI · Manufacturing
Mueller posted its ninth straight quarter of year-over-year earnings growth, with net sales up 32% to $1.42 billion and diluted EPS of $1.00 versus $0.94 a year ago. Copper prices averaging $6.48 a pound, up 34.2%, flattered the top line, but management also pointed to unit volume growth and rising backlogs across all three segments, driven by U.S. data center and commercial construction work even as residential construction stayed weak. That translated into $337.0 million of quarterly operating cash flow, lifting cash and short-term investments to $1.48 billion, and the company spent $201.9 million repurchasing 3.2 million shares in the quarter. Results absorbed $9.4 million of purchase-accounting charges from recent acquisitions, which is why operating income grew only 2% to $281.6 million while sales rose far faster. The dividend rose to $0.175 per share from $0.125, split-adjusted.
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In the 30 days to Oct 20, 2026, 29.2% of the 1466 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, MLI was trading at $56.90 on NYSE in the Manufacturing sector, with a market capitalization of approximately $12.6B. The 52-week trading range was $49.51 to $71.12. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.