Mueller Industries

Mueller Industries, Inc. Agrees to Acquire Nehring Electrical Works Company

Retrieved on: 
Monday, April 22, 2024
Other Manufacturing, Technology, Construction & Property, Engineering, Utilities, Telecommunications, Manufacturing, Energy, Hardware, Other Construction & Property, Copper, MLI, Delta, Investment, Metal, Mueller Industries, Hand, OEM, Water, Acquisition, Atmosphere, Food preservation, Growth

Mueller Industries, Inc. (NYSE: MLI) today announced that it has entered into a definitive agreement to acquire Nehring Electrical Works Company and certain of its affiliated companies (collectively, “Nehring”) for approximately $575 million, subject to customary purchase price adjustments, plus an additional $25 million earn out.

Key Points: 
  • Mueller Industries, Inc. (NYSE: MLI) today announced that it has entered into a definitive agreement to acquire Nehring Electrical Works Company and certain of its affiliated companies (collectively, “Nehring”) for approximately $575 million, subject to customary purchase price adjustments, plus an additional $25 million earn out.
  • Founded in 1912 and headquartered in DeKalb, Illinois, Nehring produces high-quality wire and cable solutions for the utility, telecommunication, electrical distribution, and OEM markets.
  • Operating through its three business units (Nehring Electrical Works Company, Conex Cable, L.L.C., and Unified Wire & Cable, Inc.), Nehring is a recognized and trusted supplier to numerous utilities, REAs, municipalities, telecommunications and electrical distribution companies throughout the U.S. For the twelve months ended December 31, 2023, Nehring’s annual net sales were approximately $400 million.
  • Greg Christopher, Mueller’s CEO commented, “We are excited to welcome Nehring into our portfolio of companies.

Mueller Industries, Inc. Announces 33 Percent Increase in Quarterly Dividend

Retrieved on: 
Friday, February 23, 2024
Other Energy, Other Manufacturing, Energy, Machinery, Engineering, Automotive Manufacturing, Aerospace, Manufacturing, Atmosphere, Mueller Industries, Food preservation, Water, Holding company

For the fourth consecutive year, Mueller Industries, Inc. (NYSE: MLI) has announced a double digit increase to its quarterly dividend.

Key Points: 
  • For the fourth consecutive year, Mueller Industries, Inc. (NYSE: MLI) has announced a double digit increase to its quarterly dividend.
  • The Board of Directors has declared a regular quarterly cash dividend of $.20 per share, to be paid on March 29, 2024 to stockholders of record as of the close of business on March 15, 2024.
  • This represents a 33 percent increase over the 2023 quarterly dividend.
  • The words "outlook," "estimate," "project," "intend," "expect," "believe," "target," "encourage," "anticipate," "appear," and similar expressions are intended to identify forward-looking statements.

Mueller Industries, Inc. Declares Cash Dividend for Fourth Quarter

Retrieved on: 
Friday, November 3, 2023
Engineering, Automotive Manufacturing, Aerospace, Manufacturing, Other Manufacturing, Machinery, Mueller Industries, Food preservation, Atmosphere, Water, MLI, NYSE

Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 15 cents per share.

Key Points: 
  • Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 15 cents per share.
  • The dividend will be payable December 15, 2023 to shareholders of record on December 1, 2023.
  • It includes a network of companies and brands throughout North America, Europe, Asia, and the Middle East.
  • The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report.

Mueller Industries, Inc. Announces Two-for-One Stock Split

Retrieved on: 
Tuesday, September 26, 2023
Machine Tools, Metalworking & Metallurgy, Other Manufacturing, Manufacturing, Atmosphere, Food preservation, Mueller Industries, Water, MLI, NYSE, Security (finance)

Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a two-for-one stock split to be effected in the form of a 100 percent stock dividend.

Key Points: 
  • Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a two-for-one stock split to be effected in the form of a 100 percent stock dividend.
  • Stockholders of record on October 6, 2023 will receive one additional share of common stock for each share of the Company’s common stock held on that date.
  • The distribution date for the stock split, or the date on which new shares will be distributed from the Company’s transfer agent, Equiniti Trust Company, LLC, will be October 20, 2023.
  • Following the stock split, the Company’s outstanding common shares will increase to approximately 113.5 million shares.

Mueller Industries, Inc. Announces Special Meeting to Approve Increase in Authorized Common Stock

Retrieved on: 
Monday, July 31, 2023
Automotive Manufacturing, Aerospace, Manufacturing, Other Manufacturing, Engineering, Common stock, Atmosphere, Food preservation, Securities and Exchange Commission (Nigeria), Mueller Industries, Water, Charter Amendment One (Gainesville, Florida), Special, Security (finance), MLI, NYSE, Common

Mueller Industries, Inc. (NYSE: MLI) today announced that is has filed a preliminary proxy statement with the Securities and Exchange Commission for a special meeting of shareholders to approve an amendment to the Company’s Restated Certificate of Incorporation to increase the total number of its authorized shares of Common Stock from 100,000,000 shares to 250,000,000 shares.

Key Points: 
  • Mueller Industries, Inc. (NYSE: MLI) today announced that is has filed a preliminary proxy statement with the Securities and Exchange Commission for a special meeting of shareholders to approve an amendment to the Company’s Restated Certificate of Incorporation to increase the total number of its authorized shares of Common Stock from 100,000,000 shares to 250,000,000 shares.
  • The primary purpose of the charter amendment is to facilitate a stock split of the Common Stock in the form of a stock dividend.
  • Assuming the charter amendment is approved at the Special Meeting, the decision by the Board of Directors whether to approve a stock split following the Special Meeting, including the size of the stock split, will depend upon factors at the time including, but not limited to, the then-current trading price of the Company’s Common Stock.
  • As of July 21, 2023, the Company has 56,778,790 shares of Common Stock outstanding, and the current number of authorized shares of Common Stock is 100,000,000.

Mueller Industries, Inc. Declares Cash Dividend for Third Quarter

Retrieved on: 
Friday, July 28, 2023
Other Manufacturing, Other Energy, Transport, Utilities, Oil, Gas, Automotive Manufacturing, Aerospace, Manufacturing, Energy, Logistics, Supply Chain Management, Mueller Industries, MLI, NYSE, Atmosphere, Food preservation, Water

Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 30 cents per share.

Key Points: 
  • Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 30 cents per share.
  • The dividend will be payable September 15, 2023 to shareholders of record on September 1, 2023.
  • It includes a network of companies and brands throughout North America, Europe, Asia, and the Middle East.
  • The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report.

Mueller Industries, Inc. Declares Cash Dividend for Second Quarter

Retrieved on: 
Friday, May 5, 2023
Automotive Manufacturing, Aerospace, Manufacturing, Machinery, Engineering, Mueller Industries, MLI, NYSE, Atmosphere, Food preservation, Water

Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 30 cents per share.

Key Points: 
  • Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 30 cents per share.
  • The dividend will be payable June 16, 2023 to shareholders of record on June 2, 2023.
  • It includes a network of companies and brands throughout North America, Europe, Asia, and the Middle East.
  • The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report.

Mueller Industries, Inc. Announcement Regarding Covington, Tennessee Plant

Retrieved on: 
Monday, April 3, 2023
Machine Tools, Metalworking & Metallurgy, Other Manufacturing, Manufacturing, Insurance, Mueller Industries, MLI, NYSE, Atmosphere, Food preservation, Water

Mueller Industries, Inc. (NYSE: MLI) announced that its manufacturing plant located in Covington, Tennessee, was damaged by a tornado on Friday evening.

Key Points: 
  • Mueller Industries, Inc. (NYSE: MLI) announced that its manufacturing plant located in Covington, Tennessee, was damaged by a tornado on Friday evening.
  • The plant is one of our facilities that produces copper fittings, which are primarily used in building construction applications.
  • The Company has implemented plans to reallocate production to other Mueller facilities, relocate equipment to temporary alternative facilities, and secure third party sourcing arrangements.
  • The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report.

Mueller Industries, Inc. Announces 20 Percent Increase in Quarterly Dividend

Retrieved on: 
Tuesday, February 21, 2023
Other Manufacturing, Manufacturing, NYSE, Mueller Industries, Water, Atmosphere, Food preservation, Holding company

For the third consecutive year, Mueller Industries, Inc. (NYSE: MLI) has announced a double digit increase to its quarterly dividend.

Key Points: 
  • For the third consecutive year, Mueller Industries, Inc. (NYSE: MLI) has announced a double digit increase to its quarterly dividend.
  • The Board of Directors has declared a regular quarterly cash dividend of $.30 per share, to be paid on March 31, 2023 to stockholders of record as of the close of business on March 17, 2023.
  • This represents a 20 percent increase over the 2022 quarterly dividend.
  • The words "outlook," "estimate," "project," "intend," "expect," "believe," "target," "encourage," "anticipate," "appear," and similar expressions are intended to identify forward-looking statements.

Mueller Industries, Inc. Declares Cash Dividend for Fourth Quarter

Retrieved on: 
Friday, November 4, 2022
Automotive Manufacturing, Aerospace, Manufacturing, Machinery, Engineering, Food preservation, Board of directors, Company, Industry, NYSE, MLI, Mueller Industries, SEC, Atmosphere, Board, Water

Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 25 cents per share.

Key Points: 
  • Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 25 cents per share.
  • The dividend will be payable December 16, 2022 to shareholders of record on December 2, 2022.
  • It includes a network of companies and brands throughout North America, Europe, Asia, and the Middle East.
  • The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report.