Mueller's Q3 earnings jump on Comex gains

摘要

Mueller Industries Inc's net income jumped by 46.8% year on year in the third quarter, the company said, citing higher Comex copper prices that sent market selling prices up in addition to sales from recently acquired businesses. The roughly 12% increase in Comex copper prices served to offset decreased volumes in core businesses due to the Covid-19 pandemic, the company said in its latest quarterly earnings report released on Tuesday October 20.