Mueller earnings get boost from sale, volumes

Oct 22, 2013 | 04:04 PM | Nathan Laliberte

Tags  Mueller Industries, Howell Metal Company, Greg Chistopher, Nathan Laliberte

NEW YORK — Copper, aluminum and plastics manufacturer Mueller Industries Inc. more than doubled its net income in the third quarter thanks to a $22.9-million after-tax gain from the sale of its schedule 40 pressure plastics fittings business.

Sales volumes increased 6.6 percent in the third quarter, in step with improvements in the construction sector, Mueller said.

The Memphis, Tenn.-based company reported third-quarter net income of $39.9 million, up from $15.5 million in the year-ago quarter. Excluding non-recurring items, Mueller’s net income for the third quarter was $19.5 million.....





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