Yahoo Finance Mueller Industries First Quarter 2024 Earnings: EPS: US$1.24 (vs US$1.56 in 1Q 2023)
Mueller Industries (NYSE:MLI) First Quarter 2024 Results
Key Financial Results
Revenue: US$849.7m (down 13% from 1Q 2023).
Net income: US$138.4m (down 20% from 1Q 2023).
Profit margin: 16% (down from 18% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$1.24 (down from US$1.56 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mueller Industries Earnings Insights
Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are up 12% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Mueller Industries that you should be aware of before investing here.
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