MLI - Mueller Industries: Interesting Producer Has Seen Some Real Momentum
2024-05-07 16:24:42 ET
Summary
- Mueller Industries, Inc. has seen strong margin gains post-pandemic, with cash flow generation remaining strong.
- The company is a global manufacturer of diversified products, holding leadership positions in core markets such as copper pipes and tubes.
- Despite a recent decline in sales, Mueller Industries remains optimistic about future demand, holds large net cash holdings, announced a substantial acquisition, and has announced a 33% increase in dividends.
Shares of Mueller Industries, Inc. ( MLI ) have been on fire this year, and quite frankly for a couple of years already. The company has seen very strong margin gains post the pandemic, and while some of these gains are on their retreat (which is not unexpected), cash flow generation remains very strong....
Mueller Industries: Interesting Producer, Has Seen Some Real Momentum