Filing Flows › Mueller Industries (MLI) › Q2 2026
Mueller Industries (MLI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 22, 2026
Mueller Industries (MLI) reported revenue of $1.4B for the second quarter 2026 (Q2 2026), +25% from a year earlier and +20% from the quarter before. Operating margin was 21.7%, net earnings $250M (17.5% of revenue).
Mueller Industries, Q2 2026: revenue $1.4B (+26% year over year), operating margin 21.7%, net earnings $250M, operating cash flow $212M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +20% | +25% |
| Operating profit | $310M | -0.7% | +2% |
| Net earnings | $250M | +4% | +2% |
| Operating cash flow | $212M | +166% | +11% |
| Free cash flow | $191M | +205% | +8% |
What changed
Revenue was $1.4B in Q2 2026, up 25% year over year and up 20% from the previous quarter. Piping Systems was the largest line at 66% of revenue. Piping Systems added $0.20B year over year (up 27%), 69% of the total change.
Operating profit was $0.31B, a 21.7% margin (down 5.0 points year over year). Of the extra revenue versus Q2 2025, 2% reached operating profit, below the 27% margin then. Total costs grew 34% against revenue growth of 25%. Net earnings were $0.25B, up 2% year over year. The effective tax rate was 24.9%.
Operating cash flow was $0.21B (up 11% year over year), 85% 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 $0.06B. Capital expenditures of $0.02B left free cash flow of $0.19B.
Questions
What was Mueller Industries' revenue in the second quarter 2026?
Mueller Industries (MLI) reported revenue of $1.4B for the second quarter 2026 (Q2 2026), +25% from a year earlier and +20% from the quarter before.
Was Mueller Industries profitable in the second quarter 2026?
Operating profit was $310M (21.7% of revenue) and net earnings $250M.
Source: Mueller Industries 10-Q on SEC EDGAR.