Mueller Industries Whiffs on Revenues
Mueller Industries (NYS: MLI) reported earnings on Feb. 7. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Mueller Industries whiffed on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped, and GAAP earnings per share shrank significantly.
Margins contracted across the board.
Mueller Industries reported revenue of $491.4 million. The one analyst polled by S&P Capital IQ predicted sales of $588.3 million. Sales were 6.7% lower than the prior-year quarter's $526.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.34. The two earnings estimates compiled by S&P Capital IQ averaged $0.34 per share. GAAP EPS of $0.34 for Q4 were 28% lower than the prior-year quarter's $0.47 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 12.9%, 30 basis points worse than the prior-year quarter. Operating margin was 4.3%, 100 basis points worse than the prior-year quarter. Net margin was 2.6%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $780.4 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $2.60 billion. The average EPS estimate is $1.83.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 155 members rating the stock outperform and 10 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Mueller Industries a green thumbs-up, and one give it a red thumbs-down.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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