Mueller Industries(MLI) - 2025 Q4 - Annual Results

Financial Performance - Fourth Quarter 2025 net sales reached $962.4 million, an increase of 4.2% compared to $923.5 million in Q4 2024[2] - Full Year 2025 net sales totaled $4.2 billion, up 10.5% from $3.8 billion in 2024[2] - Operating income for Q4 2025 was $172.0 million, a slight increase of 1.0% from $170.3 million in Q4 2024[2] - Full Year 2025 operating income rose to $958.5 million, up 24.4% from $770.4 million in 2024[2] - Net income for Q4 2025 was $153.7 million, reflecting an 11.6% increase from $137.7 million in Q4 2024[2] - Full Year 2025 net income increased by 26.5% to $765.2 million from $604.9 million in 2024[2] - Diluted EPS for Q4 2025 was $1.38, up 14.0% from $1.21 in Q4 2024[2] Cash Flow and Investments - Year-end cash and short-term investments amounted to $1.39 billion, with a current ratio of 5.9 to 1[2] - The company generated $141.2 million in cash from operations during Q4 2025[2] - Net cash provided by operating activities rose to $755,444, compared to $645,908 in the prior year, reflecting an increase of about 17%[13] - Cash flows used in investing activities decreased significantly to $(24,911) from $(606,935), indicating a reduction in cash outflow by approximately 95.9%[14] - Cash, cash equivalents, and restricted cash at the end of the year reached $1,385,157, up from $1,038,895, showing an increase of approximately 33.4%[14] Shareholder Returns - Dividends paid to stockholders increased to $(109,050) from $(89,107), marking a rise of about 22.4%[14] - The company repurchased common stock amounting to $(243,615), a substantial increase from $(48,681) in the previous year[14] Asset Management - The average COMEX copper price was $5.13 per pound, which is 22% higher than the prior year period[2] - Proceeds from the sale of assets increased to $38,508 from $12,005, representing a growth of approximately 220.5%[13] - The company experienced a gain on disposals of assets, netting $(25,878), compared to $(5,780) in the previous year, indicating a decline in asset disposal gains[13] Expenses - Depreciation and amortization expenses rose to $68,561 from $53,376, reflecting an increase of about 28.5%[13] - The company reported a net cash used in financing activities of $(394,618), compared to $(160,478) in the previous year, indicating a significant increase in cash outflow[14]