Mueller Industries, Inc.

NYSE-MLI

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	210.2	248.5	159.3	140.6	171.8	163.4
Consolidated Net Income
Depreciation & Amortization	16.6	17.9	17.1	22.2	38.5	10.1
Depreciation
Amortization of Intangibles
Amortization of Debt Issuance Costs
Depreciation and Amortization
Share-Based Compensation Expense	6.4	7.8	6.2	6.8	6.5	7.2
Stock-Based Compensation Expense
Other Adjustments	-4.2	-36.2	-4.4	-8.3	-1	7.7
Provision for Doubtful Accounts Receivable
Non-Cash Pension Plan Termination Expense
Income from Unconsolidated Affiliates
Dividends from Unconsolidated Affiliates
Insurance Proceeds - Noncapital Related
Redemption Premium
Change in the Fair Value of Contingent Consideration
Insurance Recovery
Gain on Disposals of Properties
Gain on Sale of Business
Unrealized Gains on Short-Term Investments
Impairment Charges
Income Tax Benefit from Exercise of Stock Options
Gain on Extinguishment of NMTC Liability
Gain on Sales of Securities
Gain on Insurance Settlement
Gain on Insurance Proceeds
Deferred Income Tax Expense
Changes in Trade Receivables	33.7	-33	-101.5	42.7	32.7	-56.8
Receivables
Changes in Inventories	0.5	-22.6	-18.5	-66.8	27.3	-15.8
Inventories
Changes in Other Operating Activities	46.8	9.7	55.5	2.8	-16.4	-7.8
Other Assets
Current Liabilities
Other Liabilities
Other, Net
Cash from Operating Activities	310.1	190.6	113.6	140.1	231.4	100.8
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-18.3	-14.1	-16.6	-28.9	-25.7	-9.2
Capital Expenditures
Proceeds from Sale of Property, Plant & Equipment	17.3	1.4	19.7	3	5.1	1.1
Proceeds from Sales of Assets
Purchases of Investments	-0.2	-13.6	-27.2	-15.8	-3.7	-16.7
Investments in Unconsolidated Affiliates
Purchase of Short-Term Investments
Purchase of Long-Term Investments
Proceeds from Sale of Investments	—	—	—	1	2	48.2
Proceeds from the Sale of Securities
Proceeds from the Maturity of Short-Term Investments
Payments for Business Acquisitions	—	—	—	-18.1	-36.1	-566.6
Acquisition of Businesses, Net of Cash Acquired
Proceeds from Business Divestments	—	—	—	—	—	—
Proceeds from Sale of Business, Net of Cash Sold
Other Investing Activities	1.9	3	0.6	6.1	3.1	8.7
Payment Received for Notes Receivable
Net Withdrawals from Restricted Cash Balances
Insurance Proceeds - Capital Related
Dividends from Unconsolidated Affiliates
Issuance of Notes Receivable with Unconsolidated Affiliates
Investment Received from Noncontrolling Interests
Cash from Investing Activities	0.7	-10	-23.4	-35.7	-59	-582.7
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	—	—	—	0.3	0.1	0
Issuance of Long-Term Debt
Issuance of Debt by Consolidated Joint Ventures, Net
Repayments of Long-Term Debt	-0.1	-0.1	-0.1	-0.1	-0.1	0
Repayments of Debt
Repayment of Debt by Consolidated Joint Ventures, Net
Net Issuance / (Repayments) of Long-Term Debt	-0.1	-0.1	-0.1	0.2	0.1	0
Repurchases of Common Shares	—	-121.8	-243.6	-2.8	-5.7	-15.1
Repurchase of Common Stock
Net Issuance / (Repurchases) of Common Shares	—	-121.8	-243.6	-2.8	-5.7	-15.1
Common Share Dividends Paid	-27.3	-27.1	-27.3	-22.3	-22.3	-22.2
Dividends Paid to Stockholders of Mueller Industries, Inc.
Other Financing Activities	-25.3	-5.8	-16.7	0.1	-20.9	0.5
Dividends Paid to Noncontrolling Interests
Payment of Contingent Consideration
Net Cash Used to Settle Stock-Based Awards
Income Tax Benefit from Exercise of Stock Options
Debt Issuance Costs
Cash from Financing Activities	-52.7	-26.9	-287.7	-22	-48.9	-36.8
Net Cash Provided by Financing Activities

Free Cash Flow	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Free Cash Flow	291.8	176.5	97	111.2	205.7	91.6
NOPAT	203.4	230.2	156	126.6	160	155
Levered Free Cash Flow	253.7	236.7	194.9	67.2	192.5	137.5
Unlevered Free Cash Flow	249	221.1	193.5	56	183.7	132.3
Net Change in Cash	258	153.7	-197.5	82.4	123.5	-518.7