v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Income Statement [Abstract]        
Net sales $ 1,138,173 $ 997,745 $ 2,138,338 $ 1,847,399
Cost of goods sold 785,194 724,990 1,513,379 1,333,693
Depreciation and amortization 17,905 10,018 35,028 19,187
Selling, general, and administrative expense 67,521 52,731 130,581 101,088
Gain on disposal of assets, net (337) 0 (14,802) 0
Gain on insurance proceeds 36,278 0 36,278 0
Operating income 304,168 210,006 510,430 393,431
Interest expense (17) (107) (42) (222)
Interest income 8,222 14,383 18,123 31,628
Realized and unrealized gains on short-term investments 13,212 0 8,202 365
Other expense, net (1,142) (1,356) (1,050) (726)
Income before income taxes 324,443 222,926 535,663 424,476
Income tax expense (78,857) (58,384) (130,332) (110,218)
Income (loss) from unconsolidated affiliates, net of foreign tax 2,897 (1,095) 2,439 (9,102)
Consolidated net income 248,483 163,447 407,770 305,156
Net income attributable to noncontrolling interests (2,559) (3,282) (4,414) (6,628)
Net income attributable to Mueller Industries, Inc. $ 245,924 $ 160,165 $ 403,356 $ 298,528
Weighted average shares for basic earnings per share (in shares) 108,746 111,216 109,742 111,316
Effect of dilutive stock-based awards (in shares) 2,196 2,763 2,265 2,746
Adjusted weighted average shares for diluted earnings per share (in shares) 110,942 113,979 112,007 114,062
Basic earnings per share (in dollars per share) $ 2.26 $ 1.44 $ 3.68 $ 2.68
Diluted earnings per share (in dollars per share) 2.22 1.41 3.60 2.62
Dividends per share (in dollars per share) $ 0.25 $ 0.20 $ 0.50 $ 0.40

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