MLI 📈 Mueller Industries - Overview

Mueller Industries Inc, a company with a rich history dating back to 1917, is a leading manufacturer and distributor of a wide range of products, including copper, brass, aluminum, and plastic components. Its operations span across multiple countries, including the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico, catering to diverse markets and industries. The company's product portfolio is organized into three primary segments: Piping Systems, Industrial Metals, and Climate, each serving distinct customer bases and applications.

The Piping Systems segment is a key contributor to Mueller Industries' revenue, offering an array of products such as copper tubes, fittings, line sets, and pipe nipples. In addition to its manufactured products, this segment also resells steel pipes, brass and plastic plumbing valves, malleable iron fittings, and faucets, among other plumbing specialties. Its customer base includes wholesalers in the plumbing and refrigeration markets, distributors to the manufactured housing and recreational vehicle industries, building material retailers, and air-conditioning original equipment manufacturers (OEMs). This segment's products are essential for various applications, including residential and commercial construction, HVAC systems, and refrigeration equipment.

The Industrial Metals segment is another crucial part of Mueller Industries' business, focusing on the manufacture of brass, bronze, and copper alloy rods, as well as plumbing brass, valves, fittings, and gas assemblies. It also produces cold-form aluminum and copper products, and offers machining services for aluminum, steel, brass, and cast iron impacts and castings. Furthermore, this segment supplies brass and aluminum forgings, valves made from brass, aluminum, and stainless steel, and fluid control solutions to OEMs across several industries, including industrial, construction, HVAC, plumbing, and refrigeration. The diversity of products and services within this segment underscores Mueller Industries' commitment to meeting the complex needs of its industrial customers.

The Climate segment rounds out Mueller Industries' portfolio, specializing in products designed for the commercial HVAC and refrigeration markets. This includes valves, protection devices, and brass fittings tailored for OEMs, as well as high-pressure components and accessories for air-conditioning and refrigeration systems. Additionally, the segment offers coaxial heat exchangers and twisted tubes for a variety of applications, including HVAC, geothermal systems, refrigeration, swimming pool heat pumps, marine, ice machines, commercial boilers, and heat reclamation. Insulated HVAC flexible duct systems are also part of its product lineup, reflecting the company's emphasis on providing comprehensive solutions for climate control and energy efficiency.

Headquartered in Collierville, Tennessee, Mueller Industries Inc is listed on the New York Stock Exchange (NYSE) under the ticker symbol MLI. With a history spanning over a century, the company has established itself as a reliable and innovative partner for industries requiring high-quality metal and plastic products. Its presence is felt globally, with a web presence at https://www.muellerindustries.com, and its common stock is classified under the GICS Sub Industry of Industrial Machinery & Supplies & Components, with the ISIN US6247561029.