Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 29, 2018



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

2018
Net sales	$	640,060	$	662,773	$	645,958	$	559,087
Gross profit ⁽²⁾	94,390		98,953		79,002		85,133
Consolidated net income ⁽³⁾	24,344		33,882		20,863		27,731
Net income attributable to Mueller Industries, Inc.	24,128		33,182		20,292		26,857
Basic earnings per share	0.42		0.58		0.36		0.47
Diluted earnings per share	0.42		0.58		0.35		0.47
Dividends per share	0.10		0.10		0.10		0.10

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 ⁽⁴⁾	30,455		27,833		22,754		5,969		⁽⁵⁾
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


⁽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 ATCO, acquired during Q3 2018, and Die-Mold, acquired during Q1 2018.


⁽⁴⁾	Includes income earned by Heatlink Group, acquired during Q2 2017.


⁽⁵⁾	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.