Mueller earnings jump on insurance payout

Jul 23, 2013 | 03:37 PM | Everdeen Mason

Tags  copper, Mueller Industries Inc, earnings report, greg christopher, Everdeen Mason

Copper and aluminum manufacturer Mueller Industries Inc. saw earnings soar in the second quarter thanks to a $65.6-million insurance settlement for a 2011 fire at its Wynne, Ark., facility.

The Memphis, Tenn.-based company posted net income of $91.15 million for the three months ended June 29 vs. $17.92 million in the same period last year. Without the insurance settlement, Mueller’s net income would have been $25.5 million.....

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