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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 57 307 5,073
MORTGAGES 101 483 6,709
FORECLOSURE NOTICES 22 77 1,556
BUILDING PERMITS 0 720 11,979
BANKRUPTCIES 84 341 5,300
BUSINESS LICENSES 36 125 2,061
UTILITY CONNECTIONS 152 594 7,058
MARRIAGE LICENSES 36 117 1,458

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