Mueller Industries(MLI) - 2024 Q1 - Quarterly Results

1 • Net Income of $138.4 million versus $173.2 million • Earnings Before Taxes of $201.6 million versus $237.4 million • Net Sales of $849.7 million versus $971.2 million • Diluted EPS* of $1.21 versus $1.54 • COMEX copper averaged $3.86 per pound during the quarter, 5.6% lower than in the first quarter of 2023. • The decrease in net sales was attributable to lower demand for our products that are primarily consumed in residential building, as well as lower selling prices as a result of the lower copper pri ...