Mueller Industries Announces Third Quarter Earnings
Mueller Industries' earnings for the third quarter were 51 cents per diluted share, compared with earnings per diluted share of 50 cents for the same period a year ago.
Mueller Industries, Inc., a manufacturer of copper tube and fittings, announced the results for its third quarter and the nine-month period ended September 29, 2001. Earnings for the third quarter were 51 cents per diluted share, compared with earnings per diluted share of 50 cents for the same period a year ago. Net income for the third quarter was $19.0 million, compared with $19.3 million for the third quarter of fiscal 2000. Net sales were $253.4 million, compared with net sales of $304.0 million for the comparable 2000 period. Year-to-date, Mueller reported net sales of $816.0 million compared with $950.8 million for the 2000 period. Year-to-date net income was $55.2 million, compared with $75.6 million for the same period of 2000. Earnings per diluted share for the first nine months of 2001 were $1.48, compared with the $1.97 reported a year ago.