TacticScaleWhat Mueller Industries Does & How It Makes Money (MLI)
Updated October 2026 · reflects Mueller Industries's latest reported financials
Maker of copper, brass, and aluminum pipes, fittings, and metal parts. It makes money by manufacturing and selling copper, brass, and aluminum products, and by reselling related plumbing goods, to wholesalers, distributors, retailers, and OEMs across its Piping Systems, Industrial Metals, and Climate segments.
How Mueller Industries makes money
It makes money by manufacturing and selling copper, brass, and aluminum products, and by reselling related plumbing goods, to wholesalers, distributors, retailers, and OEMs across its Piping Systems, Industrial Metals, and Climate segments.
What Mueller Industries does
Mueller Industries, founded in 1917 and based in Collierville, Tennessee, makes copper, brass, and aluminum products. It sells in the United States, the United Kingdom, Canada, Asia and the Middle East, and Mexico. The business has three segments. Piping Systems makes copper tubes, fittings, line sets, and pipe nipples, and also resells plumbing goods such as steel pipe, valves, and faucets to plumbing and refrigeration wholesalers, building material retailers, and air-conditioning OEMs. Industrial Metals supplies brass and copper alloy rods, forgings, valves, fluid control solutions, gas train assemblies, specialty tubing, and machined parts for automotive applications. Its customers are OEMs in construction, utility, telecommunication, electrical, and HVAC markets. The Climate segment serves the HVAC and refrigeration markets with valves, protection devices, brass fittings, coaxial heat exchangers, high-pressure components, and flexible duct systems.
Products & services
- Copper tubes and fittings
- Line sets and pipe nipples
- Brass rod, bar, and shapes
- Brass, aluminum, and stainless steel valves
- Coaxial heat exchangers and twisted tubes
- Insulated HVAC flexible duct systems
What is Mueller Industries worth?
On an owner-earnings DCF, Mueller Industries's most-likely value is about $40 versus a recent price near $61 (35% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$24) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Mueller Water Products (MWA) · Anhui Truchum Advanced Materials and Technology (002171.SZ) · Zhejiang JIULI Hi-tech Metals (002318.SZ) · Ferguson Enterprises (FERG) · Perma-Pipe International (PPIH)