Falling copper prices pinch Mueller's results

Apr 22, 2014 | 04:35 PM | Saranya Kapur

Tags  copper, tubing, fittings, Mueller Industries Inc., quarterly results, copper prices, construction activity, Greg Christopher Yorkshire Copper Tube

NEW YORK — Mueller Industries Inc. saw its first-quarter net income slip 5.7 percent year on year as declining copper prices offset an increase in net sales, the company said April 22.

"Construction activity got off to a slow start in 2014, principally due to this year’s harsh winter weather. We anticipate better business conditions as spring arrives," Mueller Industries chief executive officer Greg Christopher said in a statement accompanying the release....

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