Mueller Industries, Inc. (NYSE: MLI) is a global industrial corporation whose holdings are leading manufacturers and distributors of highly technical and essential products. Those products support our critical infrastructure and serve a broad range of industries including plumbing, heating, ventilation, air conditioning and refrigeration (HVACR), industrial manufacturing, appliance, transportation, medical, military and defense and electrical. In addition to being the only vertically integrated manufacturer of copper tube and fittings, brass rod and forgings in North America; the Company also has operations in Europe, Asia and the Middle East.
What kinds of products does Mueller sell?
The Company sells a broad range of products, which include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; insulated flex duct; pressure vessels; and steel nipples. The Company also resells imported brass and plastic plumbing valves, malleable iron fittings, faucets and plumbing specialty products.
What end-markets does Mueller participate in?
Mueller serves critical end-markets including building construction, industrial manufacturing, transportation and equipment (including aerospace, mining and agriculture, marine and automotive), medical, electrical, agriculture, military and defense, air, water and solar.
What are the Company’s reportable segments?
Mueller Industries has three reportable segments: Piping Systems, Industrial Metals and Climate.
Each of the reportable segments is comprised of certain operating segments that are aggregated primarily by the nature of products offered as follows:
Piping Systems: The Piping Systems segment is composed of Domestic Piping Systems Group, Great Lakes Copper, Heatlink Group, European Operations, Trading Group, Jungwoo-Mueller (our South Korean joint venture), and Mueller Middle East (MME, our Bahraini joint venture). The Domestic Piping Systems Group manufactures copper tube and fittings, plastic fittings, and line sets. These products are manufactured and sold in the U.S. and exported to markets worldwide. Great Lakes Copper manufactures copper tube and line sets in Canada and sells the products primarily in the U.S. and Canada. Heatlink Group manufactures a complete line of products for PEX plumbing and radiant systems in Canada and sells these products in Canada and the U.S. European Operations manufacture copper tube in the United Kingdom, which is sold throughout Europe. The Trading Group manufactures pipe nipples and sources products for import distribution in North America. Jungwoo-Mueller manufactures copper-based joining products that are sold worldwide. MME manufactures copper tube for air-conditioning and refrigeration applications, which are sold in the Middle East and North Africa. The Piping Systems segment sells products to wholesalers in the plumbing and refrigeration markets, distributors to the manufactured housing and recreational vehicle industries, building material retailers, and air-conditioning original equipment manufacturers (OEMs).
Industrial Metals: The Industrial Metals segment is comprised of Brass Rod, Impacts & Micro Gauge, and Brass Value-Added Products. The segment manufactures and sells brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; and gas valves and assemblies. The segment manufactures and sells its products primarily to domestic OEMs in the industrial, transportation, construction, heating, ventilation, and air-conditioning, plumbing, refrigeration, and energy markets.
Climate: The Climate segment is comprised of Refrigeration Products, ATCO, H&C Flex, Westermeyer, and Turbotec. The segment manufactures and sells refrigeration valves and fittings, insulated flexible duct assemblies, high pressure components, and coaxial heat exchangers. The segment sells its products primarily to wholesalers and OEMs in the heating, ventilation, air-conditioning, and refrigeration markets in the U.S.
Where is the Company’s corporate headquarters?
Mueller’s corporate headquarters are located at 150 Schilling Boulevard, Suite 100, Collierville, Tennessee, 38017.
When was the Company’s initial public offering?
The Company went public on February 24, 1991. The IPO price was $11.00 per share (or $1.375 adjusted for three 2-for-1 common stock splits that occurred in 1995, 1998 and 2014).
On which exchange is the Company listed, and what is the ticker symbol?
The Company is listed on the New York Stock Exchange (NYSE) under the ticker symbol "MLI."
What is the Company’s CUSIP number?
How can I buy and sell shares of Mueller’s stock?
The Company does not offer a direct stock purchase plan for investors. You may purchase Mueller stock through a licensed securities broker.
How do I receive information about shares of Mueller that I own?
Mueller does not have access to individual account information. All registered shareholders who have questions regarding their account status (e.g. number of shares, missing certificates, address changes, etc.) can contact the Company’s transfer agent:
American Stock Transfer & Trust
If you own your shares in a brokerage account, please contact your broker.
What is the Company’s dividend policy?
The Company does not have a formal dividend policy; however, it has paid quarterly common stock dividends to its shareholders uninterrupted since 2004.
The Company paid a special dividend of $15.00 per share in October 2004, and $8.00 per share in March 2017. For more information regarding the 2017 special dividend, please click here.
Who is the Company’s independent registered public accounting firm?
Ernst & Young LLP
When does the Company’s fiscal year end?
The Company’s fiscal year typically consists of 52 weeks ending on the last Saturday of December.
Where can I find the Company’s filings with the Securities and Exchange Commission?
Where can I find the Company’s press and earnings releases?
Copies of Mueller’s press and earnings releases can be found on the “News” page of the “Investors” section of the Company’s website.