Company profile

Ticker
MLI
Exchange
CEO
Gregory Lee Christopher
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
250790410

MLI stock data

(
)

Calendar

22 Apr 20
15 Jul 20
28 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 602.92M 543.84M 608.6M 666.39M
Net income 32.42M 28.17M 29.09M 27.99M
Diluted EPS 0.57 0.5 0.52 0.5
Net profit margin 5.38% 5.18% 4.78% 4.20%
Operating income 59.31M 44.45M 46.25M 51.52M
Net change in cash 56.34M -2.39M 8.9M -6.16M
Cash on hand 154.28M 97.94M 100.34M 91.44M
Cost of revenue 508.72M 449.48M 510.79M 563.95M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.43B 2.51B 2.27B 2.06B
Net income 100.97M 104.46M 85.6M 99.73M
Diluted EPS 1.79 1.82 1.49 1.74
Net profit margin 4.15% 4.17% 3.78% 4.85%
Operating income 191.4M 172.97M 150.81M 154.4M
Net change in cash 25.33M -47.65M -231.05M 76.47M
Cash on hand 97.94M 72.62M 120.27M 351.32M
Cost of revenue 2.04B 2.15B 1.94B 1.72B

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
5 Jun 20 Sigloch Steffen Common Stock Sell Dispose S Yes 29.27 6,749 197.54K 155,274
26 May 20 Sigloch Steffen Common Stock Sell Dispose S Yes 26.4918 8,447 223.78K 162,023
6 May 20 Hansen John B Common Stock Grant Aquire A No 0 2,000 0 46,107
6 May 20 Hansen John B Stock Option (Right-to-Buy) Common Stock Grant Aquire A No 24.33 4,000 97.32K 4,000
6 May 20 Gladstein Gary S Common Stock Grant Aquire A No 0 2,000 0 114,963
6 May 20 Gladstein Gary S Stock Option (Right-to-Buy) Common Stock Grant Aquire A No 24.33 4,000 97.32K 4,000
6 May 20 Donovan Elizabeth M Common Stock Grant Aquire A No 0 2,000 0 4,000
6 May 20 Donovan Elizabeth M Stock Option (Right-to-Buy) Common Stock Grant Aquire A No 24.33 4,000 97.32K 4,000
89.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 183 198 -7.6%
Opened positions 20 29 -31.0%
Closed positions 35 29 +20.7%
Increased positions 70 65 +7.7%
Reduced positions 60 69 -13.0%
13F shares
Current Prev Q Change
Total value 3.24B 4.14B -21.8%
Total shares 50.84M 51.85M -1.9%
Total puts 13.7K 57.5K -76.2%
Total calls 0 0
Total put/call ratio Infinity Infinity NaN%
Largest owners
Shares Value Change
BLK BlackRock 8.25M $197.46M -2.9%
Vanguard 5.95M $142.45M +2.6%
GBL Gamco Investors, Inc. Et Al 4M $95.81M +1.3%
WFC^Z Wells Fargo & Company 3.34M $79.93M +3.1%
Wellington Management 3.01M $71.97M -3.7%
Gabelli Funds 2.23M $53.42M -0.4%
Dimensional Fund Advisors 2.1M $50.3M -0.2%
STT State Street 1.83M $43.98M +5.9%
Victory Capital Management 1.41M $33.69M -2.3%
Gates Capital Management 1.08M $25.89M +10.8%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -741.71K EXIT
NEU Neuberger Berman 15.66K -516.29K -97.1%
Dalton Greiner Hartman Maher & Co 383.2K +383.2K NEW
BLK BlackRock 8.25M -245.34K -2.9%
Arrowstreet Capital, Limited Partnership 492.21K -218.35K -30.7%
Matarin Capital Management 224.09K +211.95K +1745.4%
Assenagon Asset Management 0 -175.67K EXIT
Vanguard 5.95M +151.29K +2.6%
Wellington Management 3.01M -114.94K -3.7%
Gates Capital Management 1.08M +105.63K +10.8%

Financial report summary

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Risks
  • Increases in costs and the availability of energy and raw materials used in our products could impact our cost of goods sold and our distribution expenses, which could have a material adverse impact on our operating margins.
  • The unplanned departure of key personnel could disrupt our business.
  • Economic conditions in the housing and commercial construction industries, as well as changes in interest rates, could have a material adverse impact on our business, financial condition, and results of operations.
  • Competitive conditions, including the impact of imports and substitute products and technologies, could have a material adverse effect on the demand for our products as well as our margins and profitability.
  • Our exposure to exchange rate fluctuations on cross border transactions and the translation of local currency results into U.S. dollars could have an adverse impact on our results of operations or financial position.
  • The vote by the United Kingdom (U.K.) to leave the European Union (EU) and implementation of Brexit could adversely affect us.
  • We are subject to claims, litigation, and regulatory proceedings that could have a material adverse effect on us.
  • A strike, other work stoppage or business interruption, or our inability to renew collective bargaining agreements on favorable terms, could impact our cost structure and our ability to operate our facilities and produce our products, which could have an adverse effect on our results of operations.
  • We are subject to environmental, health, and safety laws and regulations and future compliance may have a material adverse effect on our results of operations, financial position, or cash flows.
  • We may be subject to risks relating to our information technology systems.
Management Discussion
  • The decrease in net sales during the first quarter of 2020 was primarily due to (i) lower net selling prices of $10.0 million in our core product lines, primarily copper tube and brass rod, and (ii) lower unit sales volume of $9.6 million in our core product lines, primarily brass rod. These decreases were partially offset by (i) an increase in sales in our non-core product lines of $7.3 million and (ii) sales of $3.4 million recorded by Shoals Tubular, Inc. (STI), acquired in January 2020.
  • Cost of goods sold decreased in the first quarter of 2020 primarily due to the factors noted above regarding the change in net sales. Depreciation and amortization increased slightly in the first quarter of 2020 primarily as a result of (i) depreciation of property, plant, and equipment placed into service in the prior year and (ii) depreciation and amortization of the long-lived assets of businesses acquired. Selling, general, and administrative expense increased in the first quarter of 2020 primarily as a result of (i) a reduction of $1.7 million in fees received for services provided under certain third-party sales and distribution arrangements, (ii) an increase in bad debt expense of $1.1 million, and (iii) expenses associated with STI of $0.5 million. These increases were offset by (i) a decrease in professional fees of $0.8 million, (ii) a decrease in employment costs of $0.6 million, and (iii) a decrease in lease expense of $0.5 million. In addition, during the first quarter of 2020 we recognized a gain of $21.9 million for the settlement of our claim under the Deepwater Horizon Economic and Property Damage Settlement Program and asset impairment charges of $3.0 million related to production equipment that was idled during the first quarter of 2020.
  • Interest expense decreased for the first quarter of 2020 primarily as a result of decreased borrowing costs associated with our unsecured $350.0 million revolving credit facility. For the first quarter of 2020, we had other income, net of $0.3 million compared to other expense, net of $0.2 million in the first quarter of 2019. This was primarily due to higher net periodic benefit income related to our benefit plans and lower environmental expense for non-operating properties in the first quarter of 2020.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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