0000089439false00000894392021-02-022021-02-02
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): | February 6, 2024 |
MUELLER INDUSTRIES INC.
(Exact name of registrant as specified in its charter)
| | | | | | | | |
Delaware | 1-6770 | 25-0790410 |
(State or other jurisdiction | (Commission File | (IRS Employer |
of incorporation) | Number) | Identification No.) |
| | | | | | | | |
150 Schilling Boulevard | Suite 100 | |
Collierville | Tennessee | 38017 |
(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 class | Trading Symbol | Name of exchange on which registered |
Common Stock | MLI | NYSE |
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 February 6, 2024, the Registrant issued a press release announcing earnings for the quarter and year ended December 30, 2023. A copy of the press release announcing the fourth quarter and fiscal 2023 earnings is attached as Exhibit 99.1.
| | | | | |
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| | | | | | | | |
| 99.1 | Press release dated February 6, 2024 reporting fourth quarter and fiscal 2023 earnings. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, 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 |
| | |
Date: February 6, 2024 | | |
Exhibit Index
| | | | | |
Exhibit No. | Description |
| |
99.1 | |
Mueller Industries, Inc. Reports Fiscal 2023 Fourth Quarter and Full Year Results
COLLIERVILLE, Tenn., February 6, 2024 -- Mueller Industries, Inc. (NYSE: MLI) today reported 2023 fourth quarter and full year results.
For the Fourth Quarter 2023 versus Fourth Quarter 2022:
•Net income: $119.2 million vs $138.9 million, down 14.2%.
•Earnings before taxes: $177.9 million vs $185.9 million, down 4.3%.
•Net sales: $732.4 million vs $877.6 million, down 16.5%.
•Diluted EPS: $1.05 vs $1.23, down 14.6%.
For the Full Year 2023 versus the Full Year 2022:
•Net income: $602.9 million vs $658.3 million, down 8.4%.
•Earnings before taxes: $845.2 million vs $876.0 million, down 3.5%.
•Net sales: $3.4 billion vs $4.0 billion, down 14.1%.
•Diluted EPS: $5.30 vs $5.82, down 8.9%.
Fourth Quarter*/Year-End Financial and Operating Commentary:
•The net sales decline of $145.2 million in the fourth quarter was primarily attributable to lower demand in most segments and markets, particularly those products that are predominantly used in new residential construction. Fluctuations in COMEX copper prices had a nominal impact on the change in net sales.
•The Company generated $174.3 million of cash from operations in the fourth quarter, and $672.8 million for the year.
•Year-end cash and short-term investments totaled $1.3 billion, and our current ratio is 6.4 to 1.
•During the quarter, we recorded a reserve of $11.6 million related to a pending legal matter at unconsolidated affiliate, Tecumseh Products Company, which is currently under appeal.
•We have yet to recognize any insurance recovery for the significant losses we have incurred as a result of the tornado that destroyed our copper fittings operations in Covington, Tennessee. We anticipate doing so sometime during the latter half of 2024, once the business is back and operational.
* For context, the Company’s current fourth quarter includes 13 weeks of results, as compared to the 14 weeks reported for the fourth quarter of 2022, the business’ most profitable fourth quarter on record.
Regarding the quarter performance and outlook, Greg Christopher, Mueller’s CEO said, “Our team performed exceptionally well on all fronts and delivered another quarter of excellent earnings and cash generation, despite reduced demand. Importantly, the structural changes we have made to improve gross margins are showing durability, and our manufacturing platform is well balanced for both current demand levels, as well as higher levels of demand when conditions improve.
Our business outlook is positive. There continues to be pent up demand for residential housing and needed investment in U.S. infrastructure. As rising interest rates and inflation begin to recede, demand will return as building construction activity is reignited.
Our strong cash flows and tremendous cash balance provide us the resources to execute on our strategic plans. Our top priorities are ensuring our operations are well capitalized to remain a low-cost producer, and pursuing acquisitions that strengthen our core and create greater growth avenues.
We are well positioned for long-term growth and to deliver superior returns to our shareholders.”
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; energy 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
MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | |
| For the Quarter Ended | | For the Year Ended |
(In thousands, except per share data) | December 30, 2023 | | December 31, 2022 | | December 30, 2023 | | December 31, 2022 |
| | | | | | | |
Net sales | $ | 732,377 | | | $ | 877,581 | | | $ | 3,420,345 | | | $ | 3,982,455 | |
| | | | | | | |
Cost of goods sold | 536,383 | | 620,800 | | 2,433,511 | | 2,864,862 |
Depreciation and amortization | 9,250 | | 10,738 | | 39,954 | | 43,731 |
Selling, general, and administrative expense | 51,184 | | 55,630 | | 208,172 | | 196,713 |
Gain on sale of businesses | — | | | — | | | (4,137) | | | — | |
| | | | | | | |
| | | | | | | |
Impairment charges | 324 | | | — | | | 6,258 | | | — | |
Gain on insurance settlement | — | | | — | | | (19,466) | | | — | |
| | | | | | | |
Operating income | 135,236 | | 190,413 | | 756,053 | | 877,149 |
| | | | | | | |
Interest expense | (713) | | | (144) | | | (1,221) | | | (810) | |
Interest income | 13,642 | | | 4,838 | | | 38,208 | | | 6,457 | |
Realized and unrealized gains on short-term investments | 21,503 | | | — | | | 41,865 | | | 2,918 | |
Gain on extinguishment of NMTC liability | 7,534 | | | — | | | 7,534 | | | — | |
Environmental income (expense) | 202 | | | 349 | | | (825) | | | (1,298) | |
| | | | | | | |
Pension plan termination expense | — | | | (13,100) | | | — | | | (13,100) | |
Other income, net | 471 | | | 3,592 | | | 3,618 | | | 4,715 | |
| | | | | | | |
Income before income taxes | 177,875 | | 185,948 | | | 845,232 | | 876,031 | |
| | | | | | | |
Income tax expense | (46,440) | | | (49,798) | | | (220,762) | | | (223,322) | |
(Loss) income from unconsolidated affiliates, net of foreign tax | (12,139) | | | 4,085 | | | (14,821) | | | 10,111 | |
| | | | | | | |
Consolidated net income | 119,296 | | | 140,235 | | | 609,649 | | | 662,820 | |
| | | | | | | |
Net income attributable to noncontrolling interests | (58) | | | (1,329) | | | (6,752) | | | (4,504) | |
| | | | | | | |
Net income attributable to Mueller Industries, Inc. | $ | 119,238 | | | $ | 138,906 | | | $ | 602,897 | | | $ | 658,316 | |
| | | | | | | |
Weighted average shares for basic earnings per share | 111,556 | | 111,284 | | 111,420 | | 111,558 |
Effect of dilutive stock-based awards | 2,425 | | 1,434 | | 2,242 | | 1,552 |
| | | | | | | |
Adjusted weighted average shares for diluted earnings per share | 113,981 | | 112,718 | | 113,662 | | 113,110 |
| | | | | | | |
Basic earnings per share | $ | 1.07 | | | $ | 1.25 | | | $ | 5.41 | | | $ | 5.90 | |
| | | | | | | |
Diluted earnings per share | $ | 1.05 | | | $ | 1.23 | | | $ | 5.30 | | | $ | 5.82 | |
| | | | | | | |
Dividends per share | $ | 0.150 | | | $ | 0.125 | | | $ | 0.600 | | | $ | 0.500 | |
| | | | | | | |
MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME, CONTINUED
(Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | |
| For the Quarter Ended | | For the Year Ended |
(In thousands) | December 30, 2023 | | December 31, 2022 | | December 30, 2023 | | December 31, 2022 |
| | | | | | | |
Summary Segment Data: | | | | | | | |
| | | | | | | |
Net sales: | | | | | | | |
Piping Systems Segment | $ | 513,938 | | | $ | 567,039 | | | $ | 2,382,573 | | | $ | 2,730,084 | |
Industrial Metals Segment | 125,363 | | 146,322 | | 577,875 | | 644,689 |
Climate Segment | 103,933 | | 170,551 | | 500,790 | | 650,307 |
Elimination of intersegment sales | (10,857) | | | (6,331) | | | (40,893) | | | (42,625) | |
| | | | | | | |
Net sales | $ | 732,377 | | | $ | 877,581 | | | $ | 3,420,345 | | | $ | 3,982,455 | |
| | | | | | | |
Operating income: | | | | | | | |
Piping Systems Segment | $ | 113,634 | | | $ | 131,056 | | | $ | 569,239 | | | $ | 671,062 | |
Industrial Metals Segment | 14,972 | | 22,960 | | 76,379 | | 82,464 |
Climate Segment | 25,963 | | 53,158 | | 171,864 | | 188,067 |
Unallocated expenses | (19,333) | | | (16,761) | | | (61,429) | | | (64,444) | |
| | | | | | | |
Operating income | $ | 135,236 | | | $ | 190,413 | | | $ | 756,053 | | | $ | 877,149 | |
MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
| | | | | | | | | | | |
(In thousands) | December 30, 2023 | | December 31, 2022 |
ASSETS | | | |
Cash and cash equivalents | $ | 1,170,893 | | | $ | 461,018 | |
Short-term investments | 98,146 | | 217,863 |
Accounts receivable, net | 351,561 | | 380,352 |
Inventories | 380,248 | | 448,919 |
Other current assets | 39,173 | | 26,501 |
| | | |
Total current assets | 2,040,021 | | 1,534,653 |
| | | |
Property, plant, and equipment, net | 385,165 | | 379,950 |
Operating lease right-of-use assets | 35,170 | | 22,892 | |
Other assets | 298,945 | | 304,904 |
| | | |
| $ | 2,759,301 | | | $ | 2,242,399 | |
| | | |
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | |
Current portion of debt | $ | 796 | | | $ | 811 | |
Accounts payable | 120,485 | | 128,000 |
Current portion of operating lease liabilities | 7,893 | | 4,942 | |
Other current liabilities | 187,964 | | 214,542 |
| | | |
Total current liabilities | 317,138 | | 348,295 |
| | | |
Long-term debt | 185 | | 1,218 |
Pension and postretirement liabilities | 12,062 | | 13,055 |
Environmental reserves | 15,030 | | 16,380 |
Deferred income taxes | 19,134 | | 16,258 |
Noncurrent operating lease liabilities | 26,683 | | 16,880 | |
Other noncurrent liabilities | 10,353 | | 16,349 |
| | | |
Total liabilities | 400,585 | | 428,435 |
| | | |
Total Mueller Industries, Inc. stockholders’ equity | 2,337,445 | | | 1,790,914 |
Noncontrolling interests | 21,271 | | | 23,050 |
| | | |
Total equity | 2,358,716 | | | 1,813,964 |
| | | |
| $ | 2,759,301 | | | $ | 2,242,399 | |
MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
| | | | | | | | | | | |
| For the Year Ended |
(In thousands) | December 30, 2023 | | December 31, 2022 |
| | | |
Cash flows from operating activities | | | |
Consolidated net income | $ | 609,649 | | | $ | 662,820 | |
Reconciliation of consolidated net income to net cash provided by operating activities: | | | |
Depreciation and amortization | 40,824 | | | 44,088 | |
Stock-based compensation expense | 23,131 | | | 17,801 | |
Provision for doubtful accounts receivable | (84) | | | 323 | |
Loss (income) from unconsolidated affiliates | 14,821 | | | (10,111) | |
| | | |
Gain on sale of businesses | (4,137) | | | — | |
Unrealized gain on short-term investments | (24,765) | | | — | |
Gain on disposals of assets | (1) | | | (6,373) | |
| | | |
Insurance proceeds - noncapital related | 9,854 | | | 1,646 | |
Gain on sale of securities | (17,100) | | | — | |
Gain on insurance settlement | (19,466) | | | — | |
Impairment charges | 6,258 | | | — | |
Gain on extinguishment of NMTC liability | (7,534) | | | — | |
Deferred income tax expense (benefit) | 4,790 | | | (3,880) | |
| | | |
Changes in assets and liabilities, net of effects of businesses acquired and sold: | | | |
Receivables | 30,915 | | | 82,713 | |
Inventories | 67,903 | | | (24,189) | |
Other assets | (20,700) | | | (8,971) | |
Current liabilities | (40,606) | | | (26,633) | |
Other liabilities | (3,497) | | | (7,564) | |
Other, net | 2,511 | | | 2,273 | |
| | | |
Net cash provided by operating activities | 672,766 | | | 723,943 | |
| | | |
Cash flows from investing activities | | | |
Proceeds from sale of assets, net of cash transferred | 279 | | | 7,850 | |
Purchase of short-term investments | (106,231) | | | (217,863) | |
Proceeds from the sale of securities | 55,454 | | | — | |
Proceeds from the maturity of short-term investments | 217,863 | | | — | |
| | | |
| | | |
Capital expenditures | (54,025) | | | (37,639) | |
Insurance proceeds - capital related | 24,646 | | | 3,354 | |
Dividends from unconsolidated affiliates | 1,093 | | | 2,295 | |
| | | |
Investments in unconsolidated affiliates | (3,999) | | | — | |
| | | |
Net cash provided by (used in) investing activities | 135,080 | | | (242,003) | |
| | | |
MUELLER INDUSTRIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, CONTINUED
(Unaudited)
| | | | | | | | | | | |
| For the Year Ended |
(In thousands) | December 30, 2023 | | December 31, 2022 |
| | | |
Cash flows from financing activities | | | |
Dividends paid to stockholders of Mueller Industries, Inc. | (66,868) | | | (55,787) | |
Dividends paid to noncontrolling interests | (9,312) | | | (7,248) | |
| | | |
Repayments of long-term debt | (241) | | | (204) | |
(Repayment) issuance of debt by consolidated joint ventures, net | (30) | | | 67 | |
Repurchase of common stock | (19,303) | | | (38,054) | |
| | | |
Net cash (used) received to settle stock-based awards | (8,755) | | | (1,429) | |
| | | |
| | | |
Net cash used in financing activities | (104,509) | | | (102,655) | |
| | | |
Effect of exchange rate changes on cash | 5,590 | | | (4,365) | |
| | | |
Increase in cash, cash equivalents, and restricted cash | 708,927 | | | 374,920 | |
Cash, cash equivalents, and restricted cash at the beginning of the year | 465,296 | | | 90,376 | |
| | | |
Cash, cash equivalents, and restricted cash at the end of the year | $ | 1,174,223 | | | $ | 465,296 | |
v3.24.0.1
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 2 such as Street or Suite number
+ References
+ Details
Name: |
dei_EntityAddressAddressLine2 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
Mueller Industries (NYSE:MLI)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Mueller Industries (NYSE:MLI)
Historical Stock Chart
Von Apr 2023 bis Apr 2024