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VOL. 126 | NO. 21 | Tuesday, February 01, 2011

Mueller Industries Posts $17.7M Net Income

The Daily News

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Memphis-based Mueller Industries Inc. posted a net income of $17.7 million on net sales of $527 million in the fourth quarter of 2010.

It also showed an increase in net sales for the year after two rough years for the bottom line.

But the chairman of Mueller warned that the annual sales figures were up largely because of the higher cost of copper.

Mueller makes copper and brass products including copper tubes and fittings as well as aluminum and plastic fittings and tubes. The products are used in home construction and renovation and in commercial construction.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 60 120 8,936
MORTGAGES 89 177 12,029
FORECLOSURE NOTICES 0 29 2,457
BUILDING PERMITS 0 188 20,029
BANKRUPTCIES 60 122 7,748
BUSINESS LICENSES 20 36 3,260
UTILITY CONNECTIONS 106 224 11,247
MARRIAGE LICENSES 27 73 2,741

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