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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):July 21, 2026
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MUELLER INDUSTRIES INC.
(Exact name of registrant as specified in its charter)  
Delaware1-677025-0790410
(State or other jurisdiction(Commission File(IRS Employer
of incorporation)Number)Identification No.)
  
150 Schilling BoulevardSuite 100
ColliervilleTennessee38017
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code:(901)753-3200
Registrant’s Former Name or Address, if changed since last report:N/A
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of exchange on which registered
Common StockMLINYSE
 
 Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new of revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02.Results of Operations and Financial Condition.

On July 21, 2026, the Registrant issued a press release announcing earnings for the quarter ended June 27, 2026. A copy of the press release announcing the second quarter 2026 earnings is attached as Exhibit 99.1.

Item 9.01.Financial Statements and Exhibits.
 
(d) Exhibits
 
 99.1
Press release, dated July 21, 2026 reporting second quarter 2026 earnings.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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 SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 MUELLER INDUSTRIES, INC.
  
 By:
/s/ ANTHONY J. STEINRIEDE
 
 Name:Anthony J. Steinriede
 Title:Vice President - Corporate Controller
   
July 21, 2026  

 


 




















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Exhibit Index
 
Exhibit No.Description 
  
99.1


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 






















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Mueller Industries, Inc. Reports Second Quarter 2026 Earnings

COLLIERVILLE, Tenn., July 21, 2026 -- Mueller Industries, Inc. (NYSE: MLI) announces results for the second quarter of 2026. Comparisons are to the second quarter of 2025.
•Net Sales increased to $1.43 billion versus $1.14 billion.
•Net Income increased to $249.7 million versus $245.9 million.
•Operating Income increased to $310.0 million versus $304.2 million.
•Diluted EPS* increased to $1.13 versus $1.11.
•Dividends per share* increased to $.175 versus $.125.
* Diluted EPS and dividends per share have been adjusted retroactively to reflect the two-for-one stock split that took effect on June 30, 2026.

Second Quarter Financial and Operating Highlights:
•COMEX copper averaged $6.16 per pound during the quarter, a 30.6 percent increase over the prior year period.
•Adjusting for the $36.3 million insurance gain ($28.1 million net of tax) recognized in the second quarter of 2025, we delivered a 15.7 percent increase in operating income.
•Unit volume growth in each of our three reporting segments, combined with price increases related to the rise in material costs, contributed to the overall increase in net sales.
•Net cash generated from operations was $212.3 million. We utilized $138.3 million during the quarter to acquire Bison Metals Technologies LLC.
•Our cash and short-term investments balance at quarter end was $1.42 billion, and our current ratio remains strong at 4.8 to 1.

Regarding the results and outlook for the business, Greg Christopher, Mueller’s CEO said, “We delivered consistent year over year earnings growth and executed at a high level. Business demand continues to strengthen in our commercial, industrial and electrical markets. Backlogs are strong, and we are carrying out our 2030 strategic plan initiatives with a high sense of urgency. During the quarter, we completed two acquisitions in our core metals businesses — Bison Metals Technologies on March 30, 2026, and Chicago Extruded Metals on June 12, 2026. With Bison already having delivered a record second quarter, we expect both to meaningfully contribute in the near term.

We are optimistic that the U.S. residential construction markets will eventually improve, and look forward to a resolution of the conflict in Iran, leading to lower energy costs and reduced inflationary pressures. As such, we are anticipating continued strength in our business.”

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Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservation; electrical transmission; medical; aerospace; and automotive. It includes a network of companies and brands throughout North America, Europe, Asia, and the Middle East.
*********************
Statements in this release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties. These include economic and currency conditions, continued availability of raw materials and energy, market demand, pricing, competitive and technological factors, and the availability of financing, among others, as set forth in the Company’s SEC filings. The words “outlook,” “estimate,” “project,” “intend,” “expect,” “believe,” “target,” “encourage,” “anticipate,” “appear,” and similar expressions are intended to identify forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report. The Company has no obligation to publicly update or revise any forward-looking statements to reflect events after the date of this report.

CONTACT
Jeffrey A. Martin
(901) 753-3226
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MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)

For the Quarter EndedFor the Six Months Ended
(In thousands, except per share data)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Net sales$1,427,923 $1,138,173 $2,620,928 $2,138,338 
Cost of goods sold1,032,577785,1941,867,1381,513,379
Depreciation and amortization17,33517,90533,98735,028
Selling, general, and administrative expense67,85067,521134,635130,581
Loss (gain) on disposal of assets, net187 (337)1,720 (14,802)
Gain on sale of business— — (41,407)— 
Asset impairments— — 2,653 — 
Gain on insurance proceeds— (36,278)— (36,278)
Operating income309,974304,168622,202510,430
Interest expense(134)(17)(134)(42)
Interest income10,978 8,222 22,848 18,123 
Unrealized gains on short-term investments6,545 13,212 4,508 8,202 
Other expense, net(1,127)(1,142)(2,359)(1,050)
Income before income taxes326,236324,443 647,065535,663 
Income tax expense(82,869)(78,857)(162,424)(130,332)
Income from unconsolidated affiliates, net of foreign tax6,920 2,897 7,035 2,439 
Consolidated net income250,287 248,483 491,676 407,770 
Net income attributable to noncontrolling interests(632)(2,559)(3,003)(4,414)
Net income attributable to Mueller Industries, Inc.$249,655 $245,924 $488,673 $403,356 
Weighted average shares for basic earnings per share (1)
217,412217,492217,800219,484
Effect of dilutive stock-based awards (1)
3,7804,3923,7064,530
Adjusted weighted average shares for diluted earnings per share (1)
221,192221,884221,506224,014
Basic earnings per share (1)
$1.15 $1.13 $2.24 $1.84 
Diluted earnings per share (1)
$1.13 $1.11 $2.21 $1.80 
Dividends per share (1)
$0.175 $0.125 $0.350 $0.250 
(1) Adjusted retroactively to reflect the two-for-one stock split that occurred on June 30, 2026.
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MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME, CONTINUED
(Unaudited)
For the Quarter EndedFor the Six Months Ended
(In thousands)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Summary Segment Data:
Net sales:
    Piping Systems Segment$946,575 $743,475 $1,707,103 $1,383,158 
    Industrial Metals Segment354,998270,598676,275522,511
    Climate Segment144,952137,515268,717260,622
    Elimination of intersegment sales(18,602)(13,415)(31,167)(27,953)
Net sales
$1,427,923 $1,138,173 $2,620,928 $2,138,338 
Operating income:
    Piping Systems Segment$248,346 $250,296 $465,356 $408,460 
    Industrial Metals Segment42,78730,61087,05860,694
    Climate Segment42,58342,62875,96278,252
    Unallocated expenses(23,742)(19,366)(6,174)(36,976)
Operating income$309,974 $304,168 $622,202 $510,430 


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MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
 
(Unaudited)
(In thousands)
June 27,
2026		December 27, 2025
ASSETS
Cash and cash equivalents$1,388,748 $1,367,003 
Short-term investments27,24122,733
Accounts receivable, net
761,869475,566
Inventories607,654510,463
Other current assets
59,75969,980
    Total current assets2,845,2712,445,745
Property, plant, and equipment, net557,196536,466
Operating lease right-of-use assets
19,23927,211 
Other assets
835,562723,607
Total assets$4,257,268 $3,733,029 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable$295,767 $180,577 
Current portion of operating lease liabilities
7,589 8,520 
Other current liabilities
292,468224,037
    Total current liabilities595,824413,134
Long-term debt5,243—
Pension and postretirement liabilities8,3898,393
Environmental reserves15,68915,684
Deferred income taxes34,51331,640
Noncurrent operating lease liabilities11,85218,970 
Other noncurrent liabilities
11,7429,302
    Total liabilities
683,252497,123
Total Mueller Industries, Inc. stockholders’ equity3,547,750 3,209,966
Noncontrolling interests
26,266 25,940
    Total equity
3,574,016 3,235,906
Total liabilities and equity$4,257,268 $3,733,029 








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MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

For the Six Months Ended
 (In thousands)
June 27, 2026June 28, 2025
Cash flows from operating activities
Consolidated net income$491,676 $407,770 
Reconciliation of consolidated net income to net cash provided by operating activities:  
Depreciation and amortization33,987 35,028 
Stock-based compensation expense15,846 13,940 
Provision for credit losses818 73 
Income from unconsolidated affiliates(7,035)(2,439)
Dividends from unconsolidated affiliates4,621 2,812 
Insurance proceeds - noncapital related— 12,345 
Loss (gain) on disposals of assets, net1,720 (14,802)
Gain on sale of business(41,407)— 
Unrealized gains on short-term investments(4,508)(8,202)
Impairment charges2,653 — 
Gain on insurance proceeds— (36,278)
Deferred income tax expense3,109 4,420 
Changes in assets and liabilities, net of effects of businesses acquired and sold:
Receivables(292,241)(134,535)
Inventories(89,164)(41,190)
Other assets983 (4,371)
Current liabilities167,903 72,259 
Other liabilities2,365 (2,420)
Other, net675 (249)
Net cash provided by operating activities$292,001 $304,161 
Cash flows from investing activities
Capital expenditures$(38,796)$(30,691)
Acquisition of business, net of cash acquired(138,269)— 
Proceeds from sale of business, net of cash sold57,004 — 
Insurance proceeds - capital related— 2,655 
Purchase of short-term investments— (26,633)
Purchase of long-term investments(5,834)(552)
Proceeds from sales of assets62 21,135 
Other— 600 
Net cash used in investing activities$(125,833)$(33,486)
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MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
For the Six Months Ended
 (In thousands)June 27, 2026June 28, 2025
Cash flows from financing activities
Dividends paid to stockholders of Mueller Industries, Inc.$(76,094)$(54,398)
Repurchase of common stock(76,439)(243,615)
Repayments of debt— (111)
Net cash used to settle stock-based awards(497)(4,189)
Dividends paid to noncontrolling interests(4,956)(12,240)
Other3,100 — 
Net cash used in financing activities$(154,886)$(314,553)
Effect of exchange rate changes on cash(5,718)11,718 
Increase (decrease) in cash, cash equivalents, and restricted cash5,564 (32,160)
Cash, cash equivalents, and restricted cash at the beginning of the period1,385,157 1,038,895 
Cash, cash equivalents, and restricted cash at the end of the period$1,390,721 $1,006,735 
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