mli stock Guide Mueller Industries Overview

Mueller Industries, Inc. (MLI)

mli stock refers to Mueller Industries, Inc., a publicly traded U.S. industrial manufacturer listed on the New York Stock Exchange under the ticker MLI. This article gives an in-depth, beginner-friendly overview of the company’s business lines (copper, brass, aluminum, HVAC components and related fabricated products), corporate history, business segments, governance, recent financial and market highlights (approximate and dated), major risks, key filings investors should read, and practical valuation considerations. Readers will learn how to follow mli stock price action and where to locate authoritative company disclosures and market quotes.

As of 2026-01-27, per major market data providers and the company’s investor relations releases, Mueller Industries operates globally in piping systems, industrial metals and climate products, serving plumbing, HVACR, appliance, transportation and industrial OEM customers (Sources: Mueller Industries IR; Yahoo Finance; MarketWatch; NYSE quote pages, dated 2026-01-27).

Company overview

Mueller Industries, Inc. is an industrial manufacturer focused on metal fabrication and related components. Founded in the mid-20th century, Mueller has grown into a vertically integrated producer of copper and brass products (including tube and fittings), aluminum extrusions, HVAC and refrigeration components, and specialty fabricated metal parts.

The company’s stated mission centers on supplying metal-based components and systems to infrastructure, building and industrial markets while maintaining manufacturing scale, product breadth and geographic reach. Major end markets include plumbing and piping for residential and commercial construction, HVACR systems, appliance manufacturers, industrial OEMs, and transportation and defense customers.

Mueller’s vertical integration — from raw metal processing through finished components — is a central operational advantage. Key product families include copper tube and fittings, brass rod and forgings, machined components, valves and heat exchangers.

History

• Founding and early growth: Mueller Industries traces its origins to the 20th century as a regional metal fabricator. Over decades, it expanded both organically and through targeted acquisitions to build scale in piping and industrial metals.
• Expansion and acquisitions: Mueller pursued acquisitions to broaden product lines (brass rod, forged components, HVAC parts) and to add manufacturing footprints in North America, Europe and Asia. Strategic acquisitions often focused on capability additions (e.g., brazing, machining, valve manufacturing) and market access.
• International growth: The company expanded outside the U.S. to serve global OEMs and to secure raw material and production advantages in key regions.
• Public listing: Mueller Industries is listed on the New York Stock Exchange under the ticker MLI. Over time the company has used public markets to fund acquisitions and capital projects; it has no widely known historical ticker changes. (Sources: Mueller Industries IR; NYSE/Nasdaq summary pages — referenced 2026-01-27.)

Business segments and operations

Mueller organizes operations around product families and end markets. The structure below reflects how investors and analysts commonly think about the company’s revenue drivers.

Piping Systems

Piping Systems covers copper tube and fittings and distribution to plumbing wholesalers, distributors and retailers. Typical customers include plumbing wholesalers, HVAC and plumbing contractors, retailers, and OEMs that integrate tubing and fittings into appliances or equipment.

Products in this segment include: copper water tubing, solder/joint fittings, press-fit systems, and specialty piping solutions for residential and commercial plumbing. The segment benefits from steady demand driven by new construction, renovation activity and infrastructure repair.

Geographic footprint: North America is a major market, with supplemental activity in other regions depending on acquisition presence and distribution partnerships.

Industrial Metals

The Industrial Metals segment focuses on brass rod and forgings, machined components, and value-added metal processing. End markets include industrial OEMs, automotive suppliers, transportation equipment manufacturers and defense contractors.

Products include brass rod, bar, forged components, precision machining outputs, and components used in fluid handling and mechanical assemblies. Vertical integration — producing rod and forging inputs internally — can help control costs and reduce exposure to outside suppliers.

Climate

The Climate segment supplies HVAC and refrigeration components such as valves, line sets, heat exchangers and other system-level components for residential and commercial HVACR, refrigeration appliances and industrial cooling systems.

This part of the business is cyclical with construction and equipment replacement cycles but benefits from long-term secular trends: energy-efficiency upgrades, climate-control system modernization and regulatory changes that drive equipment turnover.

Manufacturing footprint and facilities

Mueller maintains a network of manufacturing plants and distribution sites in North America, with additional facilities in Europe, Asia and the Middle East depending on acquired businesses. The company typically locates production close to major customers and raw material sources to reduce freight costs and lead times.

Vertical integration advantages include raw material control (processing copper/brass inputs), capturing margin across the value chain (rod to finished fittings), and manufacturing flexibility to supply both high-volume commodity products and engineered specialty components.

Corporate governance and management

Mueller Industries maintains a board of directors responsible for oversight, with independent directors and board committees for audit, compensation and governance. Key management typically includes the Chief Executive Officer and Chief Financial Officer, supported by divisional heads for Piping Systems, Industrial Metals and Climate segments.

Investor relations resources include quarterly earnings releases, annual reports, and filings posted on the company’s investor relations site and the SEC EDGAR system. Investors should review the latest annual report (Form 10-K), quarterly Form 10-Qs, and proxy statement (DEF 14A) for executive compensation and governance details. (Source: Mueller Industries IR; SEC EDGAR — referenced 2026-01-27.)

Financial performance

Note: the figures below are presented as approximate, dated values reported by Mueller Industries and consolidated market-data pages. Always consult the original filings in the filings section for exact numbers.

Recent financial highlights

• Revenue: Mueller Industries reported trailing-twelve-month and recent fiscal-year revenues in the approximate low-to-mid single-digit billions USD range. For example, multiple market-data providers show annual revenue in the ballpark of $3.0–3.8 billion (approximate, as of 2026-01-27; sources: Mueller Industries IR; Yahoo Finance; Morningstar).
• Profitability: Net income and EPS have been subject to commodity and cyclical pressures; recent reported net income figures have varied year-over-year with margins typical for industrial manufacturers (operating margins often mid-single-digit to low-double-digit percentage points depending on commodity cycles and raw material spreads).
• Margins and trends: Investors watch gross margin, operating margin and adjusted EBITDA trends. Margin compression or expansion often reflects commodity input costs for copper/brass/aluminum and manufacturing leverage from capacity utilization.

(As of 2026-01-27, detailed quarter and fiscal-year numbers should be confirmed from the company’s latest Form 10-Q or 10-K and earnings release; see the Financial Filings section below for links to filings and dates.)

Balance sheet and cash flow

• Cash position and liquidity: Mueller typically maintains a cash balance and committed credit facilities to support working capital and acquisitions. Net debt levels vary with acquisition activity and working capital changes.
• Debt levels: The company carries long-term debt used for capital investments and acquisitions; leverage ratios can increase during aggressive acquisition phases and decline after integration and cash flow recovery.
• Free cash flow: Free cash flow generation fluctuates with capital expenditures, working capital, and cyclical sales. Free cash flow is a key metric used by investors to judge capacity for dividends, share buybacks and debt repayment.

Detailed balance-sheet metrics (cash, total debt, shareholders’ equity) are available in the latest Form 10-Q/10-K. (Sources: Mueller Industries IR; SEC filings — as of 2026-01-27.)

Dividends and capital allocation

• Dividend policy: Mueller Industries has historically paid dividends and balanced dividend distributions with reinvestment in the business and strategic acquisitions. Investors should check the company’s recent dividend declarations for current dividend per share and yield.
• Share repurchases and capex: Capital allocation typically includes capital expenditures to modernize plants, share repurchases when appropriate, and M&A. The scale of repurchases and capex varies year-to-year and is described in earnings releases and the annual report.

(As of 2026-01-27, confirm latest declared dividend amount, payout dates and yield on the investor relations page and market-data providers such as Yahoo Finance and Morningstar.)

Stock market information

Ticker and listing

• Mueller Industries trades on the New York Stock Exchange (NYSE) under the ticker MLI. Trades are settled in U.S. dollars (USD).
• If you plan to transact in equity markets, consider using a regulated trading platform; Bitget offers market access and tools to monitor and trade U.S.-listed equities for eligible users.

Market capitalization and float

• Market cap: As of 2026-01-27, major market-data pages report Mueller Industries’ market capitalization in the approximate range of $2.5–4.0 billion USD (approximate; source: Yahoo Finance and MarketWatch quotes dated 2026-01-27). Market cap fluctuates with share price and outstanding shares.
• Float and shares outstanding: The company has a mix of institutional and retail holders; exact shares outstanding and free float figures are available from market-data providers and the company’s most recent filings.

Price history and trading ranges

• 52-week range and volatility: As of 2026-01-27, the stock’s 52-week trading range recorded by market-data providers shows a spread consistent with cyclical industrial equities; investors should consult the current 52-week high/low on the NYSE quote page or Yahoo Finance for up-to-date figures.
• Notable trends: MLI’s price action is often sensitive to commodity price moves (copper, brass spreads), housing and construction activity, and macroeconomic indicators that affect capital expenditures.

Trading volume and liquidity

• Typical volume: Average daily trading volume for MLI has historically been in the low-to-mid hundreds of thousands of shares per day (approximate), providing reasonable liquidity for most retail and institutional orders. As of 2026-01-27, market-data pages report average daily volumes consistent with mid-cap industrials (source: Yahoo Finance; MarketWatch).
• Bid-ask: For large orders, traders should consider liquidity, possible market impact and use limit orders or working with an execution desk when needed. Retail investors may use Bitget’s execution and monitoring tools to place trades and track liquidity.

Analysts, ratings, and price targets

Analyst coverage of Mueller Industries varies by year. Investment research providers typically publish consensus ratings (buy/hold/sell distribution) and 12-month price targets based on expected earnings, commodity trends, and margin outlook.

• Consensus: Coverage often shows a mix of Hold and Buy opinions; exact distributions and price targets shift with quarterly results and analyst model updates. For current analyst consensus and analyst-specific actions (upgrades/downgrades), consult major financial-data providers and research reports (sources: Morningstar; Yahoo Finance; CNBC — referenced 2026-01-27).
• Price targets: Analysts’ 12-month price targets typically form a range; investors should view them as model-based estimates and read the analyst reports for underlying assumptions.

Ownership and shareholders

• Institutional ownership: Institutional investors commonly hold a majority of public float for mid-cap industrial companies like Mueller Industries. Institutional ownership percentages and top institutional holders are available on market-data pages and in the company’s proxy statement.
• Insider ownership: Company insiders (executives and directors) typically hold a smaller percentage of total shares; insider transactions (buys or sells) are disclosed in SEC Form 4 filings and summarized in investor relations updates.

As of 2026-01-27, major institutional holders and their percentages are listed on data providers such as Yahoo Finance and Morningstar (source references dated 2026-01-27). Review the latest DEF 14A and Form 4 filings for precise and up-to-date ownership data.

Recent news and events

Below are representative categories of news investors monitor. Each entry cites the date and source for traceability.

• Earnings releases and conference calls: As of 2026-01-27, Mueller Industries’ most recent quarterly earnings release and related investor presentation were posted on the company’s investor relations site (Source: Mueller Industries IR; report dated within the latest quarter). These releases present revenue, EPS, and management commentary on outlook.
• Dividend declarations: Any recent dividend declarations and ex-dividend dates are announced via press release; check the company IR page and market-data providers for the latest declarations (Source: Mueller Industries IR; dated announcements referenced through 2026-01-27).
• Acquisitions and contracts: Mueller periodically announces acquisitions or large supply contracts. Investors should review company press releases for transaction terms and strategic rationale (Source: Mueller Industries IR press releases; reported items as of 2026-01-27).
• Market commentary and analyst notes: Financial media (e.g., CNBC, MarketWatch) and analyst reports often cover earnings surprises, margin trends, and commodity-driven performance. For example, financial coverage on CNBC and MarketWatch summarizes earnings and market reaction (Sources: CNBC; MarketWatch articles referenced 2026-01-27).

Investors should track the company’s press releases and SEC filings for material events and rely on dated reports for context (each headline and figure should be checked for its publication date when making research decisions).

Risks and considerations

Investing in mli stock involves company-specific and industry-wide risks. Key risk categories include:

• Commodity price exposure: Mueller Industries is exposed to copper, brass and aluminum price movements. Increases in raw material costs can compress margins if the company cannot pass costs to customers quickly.
• Cyclical demand: End markets such as construction, HVACR replacement cycles, and industrial equipment are cyclical. A slowdown in residential or commercial construction can reduce demand for piping and HVAC components.
• Supply chain and energy costs: Disruptions in raw material supply, shipping constraints, or rising energy costs can affect manufacturing continuity and margins.
• Regulatory and environmental risks: Metallurgical production and fabrication face environmental regulations, emissions oversight and compliance costs that can affect capital expenditures and operating costs.
• Financial risks: Leverage from acquisitions or working-capital swings can increase interest expense and refinancing risk. Currency translation effects can matter for international operations.
• Market and liquidity risks: Stock-price volatility, market sentiment toward industrial cyclicals and macroeconomic shocks can affect share price independently of company fundamentals.

This section is descriptive: it does not advise whether to buy or sell. Investors should weigh these risks against company fundamentals and their own investment objectives.

Financial filings and regulatory disclosures

Investors should read the following documents to form an evidence-based view of Mueller Industries:

• Annual report and Form 10-K: Provides audited financial statements, management discussion and analysis, and detailed risk factors. Check the latest 10-K filed with the SEC.
• Quarterly reports (Form 10-Q): Update interim results, liquidity and material events.
• Proxy statement (DEF 14A): Describes board composition, executive compensation and corporate governance matters.
• Current reports (Form 8-K) and insider transaction filings (Form 4): Disclose material events and insider trades.

Where to access filings: The company’s investor relations page posts earnings releases and presentations; the SEC EDGAR database provides official filings. (Sources: Mueller Industries IR; SEC EDGAR — noted 2026-01-27.)

Investment considerations and valuation

This section describes common valuation metrics and factors analysts use when evaluating industrial manufacturers like Mueller Industries. This is explanatory only and not investment advice.

• Common multiples: Price-to-earnings (P/E), enterprise value-to-EBITDA (EV/EBITDA), price-to-book (P/B) and price-to-sales (P/S) are widely used. For capital-intensive manufacturers, EV/EBITDA often helps compare firms with different capital structures.
• Key operating metrics: Gross margin, operating margin, adjusted EBITDA margin, return on equity (ROE), return on invested capital (ROIC), and free cash flow conversion are important.
• Peer comparison: Compare MLI to peers in metal fabrication, plumbing/heating suppliers, and diversified industrials. Typical valuation dispersion depends on profitability, growth prospects and cyclicality.
• What investors watch: Margin trends (especially gross margin given commodity inputs), capex and maintenance spending, free cash flow, working capital cycles, and the success of any integration following acquisitions.

Valuation caveat: Multiples vary with the business cycle and commodity price environment; investors should use multiple metrics and scenario analysis rather than a single number.

See also

• Metal fabrication industry and supply chain
• HVAC/R industry trends and equipment cycles
• Comparable public companies and sector ETFs focused on industrials

References

The factual and market-data items in this article reference the following types of authoritative sources (all observations and figures above are dated or approximate as noted):

• Mueller Industries investor relations releases and filings (Form 10-K, 10-Q, press releases). (Referenced: Mueller Industries IR; date range up to 2026-01-27.)
• Market-data and quote pages: Yahoo Finance (MLI), MarketWatch (MLI), Morningstar (MLI). (As of 2026-01-27.)
• Major business press coverage and analyst summaries: CNBC, CNN business summaries where applicable. (Referenced items dated through 2026-01-27.)
• Exchange quote pages: NYSE quote for MLI and Nasdaq summary pages where aggregated data appears. (Referenced 2026-01-27.)

Note: For any specific numeric figure cited above, consult the original filing or quote page for the precise number and filing/report date.

External resources (where to find more information)

• Company investor relations materials and press releases (search "Mueller Industries investor relations" on your preferred search engine).
• SEC EDGAR filings (10-K, 10-Q, DEF 14A, 8-K, Form 4) for audited statements and legal disclosures.
• Market quotes and analyst summaries on major financial data providers (Yahoo Finance, Morningstar, MarketWatch, CNBC). Check the publication date on each page.

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Further exploration: review the company’s latest 10-K and the most recent quarterly earnings release before forming any view. Pay attention to commodity cost commentary, backlog and order trends, and guidance provided by management.

More practical next steps: 1) Read the latest Form 10-Q/10-K on SEC EDGAR (check the filing date), 2) listen to the most recent earnings call for management tone and Q&A, 3) monitor commodity price trends for copper and aluminum, and 4) track construction and HVAC industry indicators for demand direction.

Additional reporting notes: As of 2026-01-27, market-data providers reported MLI’s market-cap and trading metrics in the approximate ranges described above; these figures change daily with market prices (Sources: Yahoo Finance, MarketWatch, Morningstar, Mueller Industries IR, NYSE quotes — all referenced with the date 2026-01-27).

Explore more: For ongoing coverage, create a watchlist for mli stock on your market-data platform, set price and news alerts, and review earnings calendar dates so you can follow quarterly updates closely.