MUELLER INDUSTRIES INC MLI Income Statement

Mueller industries inc (MLI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net sales
602,919	543,839	608,602	666,394	611,781	559,087	645,958	662,773	640,060	523,524	550,363	614,266	577,920	472,158	506,584	544,071	532,809	471,983	535,184	555,593	537,242	537,342	602,820	649,691	574,374	487,715	528,854	582,282	559,690	504,006	514,165	594,099	577,668	491,384	585,809	652,923	687,681	526,901	507,240	540,388	485,268	419,890	367,800
Cost of Goods and Services Sold
508,715	449,481	510,788	563,948	511,393	473,954	566,956	563,820	545,670	456,617	471,262	524,311	488,427	396,129	424,668	456,060	446,642	411,336	467,167	470,365	460,834	468,889	521,278	557,775	495,777	421,812	456,302	501,125	482,850	438,719	449,718	522,851	493,175	427,942	523,984	573,877	589,874	457,521	437,597	466,645	413,048	354,039	313,353
Depreciation and amortization
11,039	10,837	10,823	10,478	10,555	10,474	10,619	9,006	9,456	8,728	8,266	8,595	8,355	8,136	9,016	9,061	8,920	9,818	8,749	8,188	7,853	8,084	8,952	8,592	8,107	8,030	7,882	8,328	8,154	8,177	7,870	7,919	7,529	9,284	8,716	9,166	9,699	9,992	9,934	10,090	10,348	10,441	10,355
Selling, general, and administrative expense
42,752	40,520	40,739	40,446	40,653	37,514	38,889	38,428	34,057	35,643	33,214	36,299	35,574	33,104	32,413	34,514	35,780	31,866	32,241	33,420	32,831	32,186	34,004	33,367	32,183	35,836	32,921	34,814	31,343	32,247	32,120	33,487	31,602	33,009	34,245	33,330	35,369	31,610	28,810	33,468	37,323	27,593	30,316
Asset Impairment Charges
3,035	-	-	-	0	-	-	-	3,469	-	0	-	0	-	3,000	-	-	-	0	-	-	-	-	-	-	-	4,304	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Litigation settlement, net
21,933	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	106,332	-	0	0	0	1,500	0	0	0	0	-	-12	-1,210	-	-	-
Gain on sale of assets
-	-	0	0	-	-	2,691	409	-	-	-140	1,631	-	-	-	-	-	-	0	15,376	-	-	0	0	-	-	39,765	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Insurance recovery
-	-	0	-	-	-	1,486	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-10,500	0	0	0	0	-	-
Severance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,442	-	-	860	1,753	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-22,506	0	0
Operating income
59,311	44,449	46,252	51,522	49,180	39,962	33,671	51,928	47,408	21,070	37,481	46,692	45,564	31,011	37,487	44,436	41,467	18,963	27,027	55,554	35,724	29,759	37,726	48,204	38,307	22,037	67,210	144,347	37,343	25,544	24,457	29,842	46,862	21,149	18,864	36,550	63,239	29,230	30,887	28,975	47,055	27,817	13,776
Interest expense
5,379	5,548	6,148	7,033	6,954	6,471	6,746	6,073	5,909	5,292	5,237	6,442	2,531	2,017	1,830	1,692	1,848	1,690	1,682	2,219	2,076	1,827	1,430	1,457	1,026	1,050	1,243	1,101	596	1,179	353	2,721	2,637	2,549	2,822	2,834	3,348	3,079	3,072	2,964	2,532	2,435	2,482
Other Nonoperating Income (Expense)
278	861	533	462	-172	2,410	411	586	560	2,395	-380	342	594	-585	120	515	245	1,700	164	265	105	-683	225	127	88	127	842	319	3,163	-424	219	490	254	487	102	264	1,059	-302	30	-2,518	140	-324	385
Income before income taxes
54,210	38,441	40,637	44,951	42,054	34,581	27,336	46,441	42,059	10,889	31,864	40,592	43,627	27,130	35,777	43,259	39,864	18,927	25,509	53,600	33,753	27,249	36,521	46,874	37,369	21,114	66,809	143,565	39,910	23,941	24,323	27,611	44,479	19,087	16,144	33,980	60,950	25,849	27,845	23,493	44,663	25,058	11,679
Income Tax Expense (Benefit)
14,144	7,614	7,665	10,432	9,546	7,773	3,373	12,411	7,395	4,589	8,716	12,650	11,929	9,174	10,837	14,005	14,121	7,008	5,223	19,738	11,413	9,200	12,199	11,665	12,415	6,094	26,816	51,723	13,476	7,195	8,753	9,071	11,662	6,015	5,403	11,249	20,408	7,897	9,098	7,456	9,864	6,246	5,512
Income (Loss) from Equity Method Investments
-6,115	-854	-2,528	-5,843	-15,369	923	-3,100	-148	-10,320	-331	-394	-109	-1,243	-1,188	1,122	-995	2,922	2,191	-2,191	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
33,951	29,973	30,444	28,676	17,139	27,731	20,863	33,882	24,344	5,969	22,754	27,833	30,455	16,768	26,062	28,259	28,665	14,110	18,095	33,862	22,340	18,049	24,322	35,209	24,954	15,020	39,993	91,842	26,434	16,746	15,570	18,540	32,817	13,072	10,741	22,731	40,542	17,952	18,747	16,037	34,799	18,812	6,167
Net income attributable to noncontrolling interests
1,536	1,803	1,351	690	1,416	874	571	700	216	249	496	200	468	-554	84	462	35	97	295	-211	362	63	499	164	248	-364	129	692	232	378	59	623	218	54	266	400	45	206	-162	479	841	146	139
Net Income (Loss) Attributable to Parent
32,415	28,170	29,093	27,986	15,723	26,857	20,292	33,182	24,128	5,720	22,258	27,633	29,987	17,322	25,978	27,797	28,630	14,435	17,800	33,651	21,978	17,986	23,823	35,045	24,706	15,384	39,864	91,150	26,202	16,368	15,511	17,917	32,599	12,928	10,475	22,331	40,587	17,746	18,909	15,558	33,958	18,666	6,028
Weighted average shares for basic earnings per share (in shares)
55,875	55,879	55,832	55,753	55,728	56,554	56,877	56,797	56,900	57,027	56,987	56,906	56,780	56,679	56,631	56,511	56,467	56,449	56,375	56,247	56,193	56,170	56,107	55,973	55,918	55,855	55,787	55,681	55,645	169,108	37,505	38,029	38,014	38,002	37,878	37,737	37,723	75,352	37,710	37	37,588	37,474	37,143
Effect of dilutive stock-based awards (in shares)
583	611	482	561	526	377	540	514	517	611	456	511	658	889	586	418	495	536	598	743	731	667	637	747	853	758	723	740	747	1,980	452	436	444	342	483	356	263	201	92	0	94	72	120
Adjusted weighted average shares for diluted earnings per share (in shares)
56,458	56,490	56,314	56,314	56,254	56,931	57,417	57,311	57,417	57,638	57,443	57,417	57,438	57,568	57,217	56,929	56,962	56,985	56,973	56,990	56,924	56,837	56,744	56,720	56,771	56,613	56,510	56,421	56,392	171,088	37,957	38,465	38,458	38,344	38,361	38,093	37,986	75,554	37,802	37	37,682	37,546	37,263
Basic earnings per share (in dollars per share)
0.58	0.51	0.52	0.50	0.28	0.48	0.36	0.58	0.42	0.09	0.39	0.49	0.53	0.30	0.46	0.49	0.51	0.25	0.32	0.60	0.39	0.32	0.42	0.63	0.44	0.28	0.71	1.64	0.47	-0.57	0.41	0.47	0.86	0.33	0.28	0.59	1.08	0.48	0.50	0.41	0.90	0.50	0.16
Diluted earnings per share (in dollars per share)
0.57	0.49	0.52	0.50	0.28	0.47	0.35	0.58	0.42	0.10	0.39	0.48	0.52	0.30	0.45	0.49	0.50	0.25	0.31	0.59	0.39	0.31	0.42	0.62	0.44	0.27	0.71	1.62	0.46	-0.58	0.41	0.47	0.85	0.33	0.27	0.59	1.07	0.47	0.50	0.41	0.90	0.50	0.16
Dividends per share (in dollars per share)
0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	8.10	0.10	0.10	0.10	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	-0.08	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10