Mueller Industries lifts third-quarter revenue on higher shipment volumes
Copper tube maker Mueller Industries reported higher year-on-year Q3 revenue on bigger volumes and material cost pricing, according to Reuters.
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what happened
US industrial goods maker Mueller Industries said its third-quarter revenue grew compared with a year earlier. Sales reached $1.42 billion, operating income came in at $281.57 million and pretax profit at $299.24 million. Diluted earnings per share also increased from the prior year.
The company credited the gain to larger unit volumes and price adjustments that reflected higher material costs. Demand was supported by US data center expansion and commercial building activity, while a weaker residential construction market weighed on some areas. Mueller also plans further North American manufacturing investment to cut costs and bring production closer to home.
why it matters
Beyond the quarterly numbers, the reshoring plan and cost-control push are the points investors will track. According to Reuters, the median 12-month price target among Wall Street analysts is $80, versus a $60.82 close on October 19, and the stock trades at 14 times forward earnings compared with 15 three months ago. The news mainly concerns the company's shares and the copper products sector.
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- Copper tube maker Mueller Industries' Q3 revenue rises on higher volumes — Reuters, 20 October 2026 at 11:09 UTC
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