YORK Copper, aluminum and plastics manufacturer Mueller
Industries Inc. sees the housing and commercial construction
industry gaining positive momentum.
Mueller, which is "significantly
dependant on the housing and commercial construction industry,"
is optimistic about 2013 as these industries are recovering,
chief executive officer Greg Christopher said in a statement.
"After more than five years of decline and stagnation, the
industry finally appears to be gaining positive momentum. We
look forward to the anticipated recovery years with
The rod, tube and fittings
producer posted fourth-quarter net income of nearly $16.37
million, up 26.6 percent from $12.93 million in the same period
a year earlier, on sales that inched up 2.6 percent to $504
But full-year net income slipped
4.5 percent to $82.4 million from $86.32 million in 2011 as
sales slid 9.4 percent to $2.19 billion. The Memphis,
Tenn.-based producer attributed the sales decline to lower
copper prices, which averaged $3.61 per pound in 2012 vs. $4.01
the previous year.