Mueller Industries Inc. (MLI) Financial Statements (2025 and earlier)

Company Profile

Business Address SUITE 100
COLLIERVILLE, TN 38017
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 335 - Rolling, Drawing, And Extruding Of Nonferrous (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0591,2696798811998
Cash and cash equivalent1,0371,1714618811998
Short-term investments2298218   
Receivables450352380472358270
Inventory, net of allowances, customer advances and progress billings462380449430315292
Inventory462380449430315292
Other current assets413927293434
Total current assets:2,0122,0401,5351,019825694
Noncurrent Assets
Operating lease, right-of-use asset333523242927
Property, plant and equipment515385380386377363
Long-term investments and receivables888372613848
Long-term investments888372613848
Intangible assets, net (including goodwill)618198212233245213
Goodwill311152158171168153
Intangible assets, net (excluding goodwill)3064655627760
Other noncurrent assets25172071425
Total noncurrent assets:1,279719708710703677
TOTAL ASSETS:3,2912,7592,2421,7291,5291,371
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities234176190230194127
Employee-related liabilities504642
Accounts payable17412012818114886
Accrued liabilities605662   
Debt111 418
Other liabilities1551321531459894
Other undisclosed current liabilities885765
Total current liabilities:398317348382340234
Noncurrent Liabilities
Long-term debt and lease obligation  0118308401
Long-term debt, excluding current maturities  011287379
Liabilities, other than long-term debt898379718073
Deferred income tax liabilities261916141721
Liability, pension and other postretirement and postemployment benefits111213182722
Accrued environmental loss contingencies151516182120
Other liabilities121016221510
Operating lease, liability252717172222
Total noncurrent liabilities:89838090388475
Total liabilities:486401428472728709
Equity
Equity, attributable to parent2,7732,3371,7911,222777643
Common stock221111
Treasury stock, value(587)(523)(503)(470)(469)(470)
Additional paid in capital331312297286280279
Accumulated other comprehensive loss(80)(47)(64)(53)(55)(69)
Retained earnings3,1082,5942,0601,4581,020903
Equity, attributable to noncontrolling interest312123352419
Total equity:2,8042,3591,8141,257801662
TOTAL LIABILITIES AND EQUITY:3,2912,7592,2421,7291,5291,371

Income Statement (P&L) ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues3,7693,4203,9823,7692,3982,431
Cost of revenue
(Cost of Product and Service Sold)
(2,724)(2,434)(2,865)(2,939)(1,966)(2,036)
Gross profit:1,0449871,118830432395
Operating expenses(221)(210)(197)(129)(141)(161)
Other undisclosed operating loss(53)(20)(44)(45)(45)(43)
Operating income:770756877656246191
Nonoperating income518414452
Investment income, nonoperating5480    
Other nonoperating income (expense)(3)414452
Interest and debt expense16(1)(13)(19)(26)
Other undisclosed loss from continuing operations before equity method investments, income taxes(2)(1)(14)(5)(22)(1)
Income from continuing operations before equity method investments, income taxes:820845876641209166
Income (loss) from equity method investments2(15)10(0)(10)(25)
Other undisclosed income (loss) from continuing operations before income taxes(2)15(10)01025
Income from continuing operations before income taxes:820845876641209166
Income tax expense(205)(221)(223)(166)(55)(35)
Income from continuing operations:615624653475154131
Income before gain (loss) on sale of properties:475154131
Other undisclosed net income (loss)2(15)10(0)(10)(25)
Net income:618610663475144106
Net loss attributable to noncontrolling interest(13)(7)(5)(7)(4)(5)
Net income available to common stockholders, diluted:605603658469139101

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:618610663475144106
Other comprehensive income (loss)(36)18(14)(0)1510
Comprehensive income:582627649475159117
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(8)(1)(5)(6)(5)
Comprehensive income, net of tax, attributable to parent:572620647470153112

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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