Mueller Industries (NYSE:MLI) reported a record-breaking fiscal year 2025, even as fourth-quarter earnings fell short of analyst estimates amid volatile raw material costs.
The Collierville, Tennessee-based manufacturer posted fourth-quarter net income of $153.7 million, or $1.38 per share.
When adjusted for asset impairment costs, earnings reached $1.39 per share, missing the Bloomberg consensus estimate of $1.67.
Revenue for the period rose 4.2% year-over-year to $962.4 million, exceeding expectations as higher selling prices offset declining unit volumes in core copper and brass lines.
For the full year, Mueller achieved the highest annual operating and net income in its history.
Profit reached $765.2 million, or $6.86 per share, on total revenue of $4.18 billion.
The company ended 2025 with a formidable liquidity position, reporting $1.39 billion in cash and short-term investments.