The strong cash generation and aggressive buyback signal management confidence, but the lack of explicit guidance leaves uncertainty. Monitor for any tariff or copper price commentary in upcoming investor events.
Price Chart
Executive Summary
Mueller Industries reported Q3 2026 results with net sales of $1.42B (up 31.6% YoY) and diluted EPS of $1.00 (up 6.4% vs $0.94 YoY, adjusted for the June 2026 stock split). Operating cash flow was a strong $337M for the quarter, and the company repurchased $201.9M in stock. The beat was modest, and the filing lacks explicit forward guidance, making this a solid but not transformative quarter.
Key Financial Metrics
Key Facts
- Net sales increased to $1.42B from $1.08B YoY (+31.6%)
- Diluted EPS (post-split) increased to $1.00 from $0.94 YoY (+6.4%)
- Operating income rose to $281.6M from $276.1M YoY (+2.0%)
- Net cash from operations was $337.0M for the quarter
- Cash and short-term investments at quarter-end totaled $1.48B
- Repurchased 3.2M shares for $201.9M during the quarter
- COMEX copper averaged $6.48/lb, up 34.2% YoY
- Results include $9.4M in purchase accounting charges for recent acquisitions
- Current ratio of 4.4 to 1; no debt on balance sheet
Financial Impact
Revenue grew 31.6% YoY to $1.42B; EPS grew 6.4% to $1.00; operating cash flow of $337M
Risk Factors
- Copper price volatility could impact future revenue and margins
- Protracted residential construction downturn may pressure demand
- Integration risks from recent acquisitions (Bison Metals, etc.)
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000089439-26-000038 |
| Document: mli-20261020.htm | 0000089439-26-000038 |
| Document: 0000089439-26-000038-index-headers.html | 0000089439-26-000038 |
| Document: 0000089439-26-000038-index.html | 0000089439-26-000038 |
| Document: 0000089439-26-000038.txt | 0000089439-26-000038 |
| 8-K Data (Synthetic) | 0000089439-26-000038 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | Institutional Cluster | $54.53 $54.11 | ▼ −0.77% | ▼ −0.25% | $54.88 (+0.64%) |
Oct 20, 2026 7d ago | 8-K | $56.81 $57.54 | ▲ +1.28% | ▲ +0.76% | $54.88 (−3.40%) |
Aug 17, 2026 10w ago | Insider Cluster | $64.48 $62.73 | ▼ −2.71% | ▼ −2.92% | $54.88 (−14.89%) |
Aug 12, 2026 10w ago | Insider Cluster | $66.62 $65.90 | ▲ +1.08% | ▲ +0.88% | $54.88 (+17.62%) |
Aug 10, 2026 11w ago | 8-K | $68.90 $68.45 | ▼ −0.65% | ▼ −0.33% | $54.88 (−20.35%) |
Jul 17, 2026 14w ago | Institutional Cluster | $59.13 $58.97 | ▼ −0.27% | ▼ −0.11% | $54.88 (−7.19%) |
Jun 2, 2026 21w ago | 8-K | $65.11 $65.50 | ▲ +0.60% | ▲ +1.30% | $54.88 (−15.72%) |
May 11, 2026 24w ago | 8-K | $70.17 $69.11 | ▼ −1.51% | ▼ −1.36% | $54.88 (−21.79%) |
May 11, 2026 24w ago | 3 | $70.17 $69.11 | ▼ −1.51% | ▼ −1.36% | $54.88 (−21.79%) |
Apr 21, 2026 27w ago | 8-K | $67.18 $67.29 | ▲ +0.16% | ▼ −0.85% | $54.88 (−18.31%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers