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MLI

Mueller Industries, Inc.

MLI · NYSEMaterials
The economic chain
Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Raw inputsore, oil, gas, air & landMining &extractiondigging it upChemicals,metals & gasesrefining & reactingFinishedmaterialspaints, packaging, aggreg…Distribution &logisticshow it gets thereCustomers &end marketswho paysCuCopper cathodeSCRCopper & brass scrapGASNatural gas & powerFCXFreeport-McMoRanMLIMueller IndustriesWIEWieland GroupCERCerro Flow / MarmonCT&FCopper tube & fittingsBR&ABrass rod & alloy productsHCHVAC/R componentsW&CWire & cableWHLPlumbing & HVAC wholesalersFERGFergusonWSOWatscoC&PConstruction & plumbingOEMAir-conditioning OEMsUTLUtility & telecomAUTAutomotive & industrial OEMs
Company details
Market cap
$12B
P/E ratio
17×
Div yield
1.0%
EPS (TTM)
$6.86
Profit margin
18%
Rev. growth
+11%
Revenue
$4.2B
Net income
$765M
In plain English
Mueller Industries is the copper company behind the walls — it melts copper cathode and recycled scrap and turns it into the tube, fittings, valves and brass rod that run water, gas and refrigerant through buildings, cars and air-conditioners. Roughly two-thirds of its ~$4.2B in sales come from Piping Systems, and because copper's price is passed straight through to customers, the real story is volume, spreads and a famously conservative, net-cash balance sheet that lets it buy rivals like Nehring in cash.
In simple terms
From cathode to the copper in your walls
Mueller sits in the middle of the copper chain: it buys refined cathode and recycled scrap, melts and casts them into billets, then extrudes and draws them into tube, rod, fittings and valves. Those flow through plumbing and HVAC wholesalers to the builders, air-conditioner makers, utilities and carmakers who actually use them.
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Risk read
Moderate
SteadierMore speculative
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