Filing Flows › Mueller Industries (MLI) › Q1 2025
Mueller Industries (MLI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
Mueller Industries (MLI) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +18% from a year earlier and +8% from the quarter before. Operating margin was 20.6%, net earnings $157M (15.7% of revenue).
Mueller Industries, Q1 2025: revenue $1.0B (+18% year over year), operating margin 20.6%, net earnings $157M, operating cash flow $114M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +8% | +18% |
| Operating profit | $206M | +21% | +12% |
| Net earnings | $157M | +14% | +14% |
| Operating cash flow | $114M | -19% | -35% |
| Free cash flow | $97.0M | -13% | -38% |
What changed
Revenue was $1.0B in Q1 2025, up 18% year over year and up 8% from the previous quarter. Piping Systems was the largest line at 63% of revenue. Industrial Metals added $0.09B year over year (up 62%), 63% of the total change.
Operating profit was $0.21B, a 20.6% margin (down 1.0 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, below the 22% margin then. The fastest-growing cost line was SG&A (+30%). Net earnings were $0.16B, up 14% year over year. The effective tax rate was 24.4%.
Operating cash flow was $0.11B (down 35% year over year), 71% of net earnings. Non-cash charges added back $0.02B of depreciation and $0.01B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.02B left free cash flow of $0.10B.
Questions
What was Mueller Industries' revenue in the first quarter 2025?
Mueller Industries (MLI) reported revenue of $1.0B for the first quarter 2025 (Q1 2025), +18% from a year earlier and +8% from the quarter before.
Was Mueller Industries profitable in the first quarter 2025?
Operating profit was $206M (20.6% of revenue) and net earnings $157M.
Source: Mueller Industries 10-Q on SEC EDGAR.