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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 28, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly financial information (Unaudited)

(In thousands, except per share data)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
 
 
 
 
 
 
 
 
 
2019
 
 
 
 
 
 
 
 
 
Net sales
 
$
611,781

 
$
666,394

 
$
608,602

 
$
543,839

 
Gross profit (2)
 
100,388

 
102,446

 
97,814

 
94,358

 
Consolidated net income
 
17,139

 
28,676

 
30,444

 
29,973

 
Net income attributable to Mueller Industries, Inc.
 
15,723

 
27,986

 
29,093

 
28,170

 
Basic earnings per share
 
0.28

 
0.50

 
0.52

 
0.50

 
Diluted earnings per share
 
0.28

 
0.50

 
0.52

 
0.50

 
Dividends per share
 
0.10

 
0.10

 
0.10

 
0.10

 
 
 
 
 
 
 
 
 
 
 
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

 
(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.