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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 32 344 10,222
MORTGAGES 52 452 13,327
FORECLOSURE NOTICES 30 106 2,644
BUILDING PERMITS 0 783 24,307
BANKRUPTCIES 60 359 9,892
BUSINESS LICENSES 23 133 3,736
UTILITY CONNECTIONS 76 595 14,558
MARRIAGE LICENSES 23 104 3,167

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