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Mueller Industries upbeat on recovery

February 08, 2012 - 01:30 GMT Location: New York

KEYWORDS: Mueller Industries , copper , brass , Greg Christopher

Mueller Industries Inc. is optimistic that the construction industry will begin to rebound this year despite a downturn in its quarterly earnings results amid falling shipments and copper prices.

The Memphis, Tenn.-based copper and brass manufacturer, which had described the construction segment as "subdued" the previous quarter (AMM, Oct. 26), saw net income fall 27.1 percent to $12.9 million for the three months ended Dec. 31 vs. $17.7 million in...

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