XML 66 R46.htm IDEA: XBRL DOCUMENT v3.22.0.1
Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 25, 2021
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly financial Information (Unaudited)
(In thousands, except per share data)First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
2021    
Net sales$818,148 $1,012,592 $982,248 $956,357 
Gross profit (2)
149,730 212,880 237,983 229,763 
Consolidated net income (3)
65,238 110,932 172,256 126,698 
Net income attributable to Mueller Industries, Inc.63,107 108,832 170,980 125,601 
Basic earnings per share1.13 1.95 3.05 2.24 
Diluted earnings per share1.11 1.92 3.01 2.21 
Dividends per share0.13 0.13 0.13 0.13 
2020    
Net sales$602,919 $500,168 $619,105 $675,851 
Gross profit (2)
94,204 97,009 118,325 122,344 
Consolidated net income (4)
33,951 28,487 43,957 37,254 
Net income attributable to Mueller Industries, Inc.32,415 27,956 42,702 36,420 
Basic earnings per share0.58 0.50 0.77 0.65 
Diluted earnings per share0.57 0.50 0.76 0.64 
Dividends per share0.10 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 H&C Flex, acquired during Q1 2021, and Mueller Middle East, acquired during Q4 2021.
(4)Includes income earned by Shoals Tubular, Inc., acquired during Q1 2020, and Kessler Sales and Distribution, acquired during Q3 2020.