filecrux
$MLI Mueller Industries, maker of piping systems, industrial metals and climate products, grew Q3 2026 sales 31.6% y/y to $1.42B but operating income only 2% to $281.6M; operating margin fell to about 19.8% from 25.6%. Volume growth in most businesses plus copper price adjustments lifted sales. Market value ~$12.43B at $56.21, 11:15 ET Oct 20, 2026. Other side: Q3 carried $9.4M of acquisition accounting charges, backlogs grew on data centers, cash and investments reached $1.48B. Watch: do data-center backlogs hold vs. 'protracted' housing decline?
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