The 10-second takeaway
For the quarter ended Dec. 29 (Q4), Mueller Industries met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share expanded significantly.
Margins grew across the board.
Mueller Industries reported revenue of $504.0 million. The one analyst polled by S&P Capital IQ wanted to see sales of $507.0 million on the same basis. GAAP reported sales were 2.6% higher than the prior-year quarter's $491.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.57. The two earnings estimates compiled by S&P Capital IQ predicted $0.53 per share. GAAP EPS of $0.58 for Q4 were 71% higher than the prior-year quarter's $0.34 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 13.0%, 10 basis points better than the prior-year quarter. Operating margin was 4.9%, 60 basis points better than the prior-year quarter. Net margin was 3.2%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $588.3 million. On the bottom line, the average EPS estimate is $0.86.
Next year's average estimate for revenue is $2.41 billion. The average EPS estimate is $3.27.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 153 members out of 161 rating the stock outperform, and eight members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 50 give Mueller Industries a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mueller Industries is buy, with an average price target of $57.00.
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