11:25 AM EDT, 04/23/2024 (MT Newswires) -- Mueller Industries ( MLI ) shares were up 6% in recent trading Tuesday after the company released its Q1 financial results.

The company reported Q1 earnings, adjusted to reflect the two-for-one stock split in October, of $1.21 per diluted share, down from $1.54 a year earlier.

An analyst polled by Capital IQ expected normalized EPS of $1.05.

Net sales for the quarter ended March 30 were $849.7 million, down from $971.2 million a year earlier.

An analyst surveyed by Capital IQ expected $874 million.

Price: 56.53, Change: +2.99, Percent Change: +5.58