Filing Flows › Mueller Industries (MLI) › Q2 2025
Mueller Industries (MLI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 23, 2025
Mueller Industries (MLI) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), +14% from a year earlier and +14% from the quarter before. Operating margin was 26.7%, net earnings $246M (21.6% of revenue).
Mueller Industries, Q2 2025: revenue $1.1B (+14% year over year), operating margin 26.7%, net earnings $246M, operating cash flow $191M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +14% | +14% |
| Operating profit | $304M | +47% | +45% |
| Net earnings | $246M | +56% | +54% |
| Operating cash flow | $191M | +68% | +89% |
| Free cash flow | $177M | +82% | +93% |
What changed
Revenue was $1.1B in Q2 2025, up 14% year over year and up 14% from the previous quarter. Piping Systems was the largest line at 65% of revenue. Industrial Metals added $0.07B year over year (up 39%), 53% of the total change.
Operating profit was $0.30B, a 26.7% margin (up 5.7 points year over year). Of the extra revenue versus a year earlier, 67% reached operating profit, above the 21% margin then. Net earnings were $0.25B, up 54% year over year. The effective tax rate was 24.1%.
Operating cash flow was $0.19B (up 89% year over year), 77% 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 $0.08B. Capital expenditures of $0.01B left free cash flow of $0.18B.
Questions
What was Mueller Industries' revenue in the second quarter 2025?
Mueller Industries (MLI) reported revenue of $1.1B for the second quarter 2025 (Q2 2025), +14% from a year earlier and +14% from the quarter before.
Was Mueller Industries profitable in the second quarter 2025?
Operating profit was $304M (26.7% of revenue) and net earnings $246M.
Source: Mueller Industries 10-Q on SEC EDGAR.