Mueller Industries (MLI) Stock Drops As Q3 Results Run Into Margin Pressure

Mueller Industries came into this Q3 2026 report with a reputation for steady earnings power and a stock that screens as cheap on traditional P/E and discounted cash flow metrics. The share price dropped about 5% today to around $54 after the release, which signals disappointment on the headline reaction. The raw figures present a more nuanced picture. Basic earnings per share landed just above $1 on revenue of about $1.4b, leaving investors weighing a solid quarterly profit picture against a...