Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 30, 2017



( In thousands, except per share data)	First Quarter		Second Quarter		Third Quarter			Fourth Quarter

2017
Net sales	$	577,920	$	614,266	$	550,363		$	523,524
Gross profit ⁽²⁾	89,493		89,955		79,101			66,907
Consolidated net income ⁽³⁾	30,455		27,833		22,754			5,969		⁽⁴⁾
Net income attributable to Mueller Industries, Inc.	29,987		27,633		22,258			5,720
Basic earnings per share	0.53		0.49		0.39			0.10
Diluted earnings per share	0.52		0.48		0.39			0.10
Dividends per share	8.10		0.10		0.10			0.10

2016
Net sales	$	532,809	$	544,071	$	506,584		$	472,158
Gross profit ⁽²⁾	86,167		88,011		81,916			76,029
Consolidated net income ⁽⁵⁾	28,665		28,259		26,062		⁽⁶⁾	16,768		⁽⁷⁾
Net income attributable to Mueller Industries, Inc.	28,630		27,797		25,978			17,322
Basic earnings per share	0.51		0.49		0.46			0.31
Diluted earnings per share	0.50		0.49		0.45			0.30
Dividends per share	0.075		0.100		0.100			0.100


⁽¹⁾	The sum of quarterly amounts may not equal the annual amounts reported due to rounding. In addition, the earnings per share amounts are computed independently for each quarter, while the full year is based on the weighted average shares outstanding.


⁽²⁾	Gross profit is net sales less cost of goods sold, which excludes depreciation and amortization.


⁽³⁾	Includes income earned by Heatlink Group, acquired during Q2 2017.


⁽⁴⁾	Includes $1.1 million of pre-tax charges related to asset impairments, $4.3 million of interest expense on the Company’s Subordinated Debentures, and pre-tax environmental expense for non-operating properties of $6.2 million.


⁽⁵⁾	Includes income earned by Jungwoo-Mueller, acquired during Q2 2016.


⁽⁶⁾	Includes $3.0 million of pre-tax charges related to asset impairments.


⁽⁷⁾	Includes $3.8 million of pre-tax charges related to asset impairments.