MLI

Related articleQuarter not tagged2026-10-22

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

Simply Wall St.

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 gentle squeeze in net margin over the past year. That gap between thesis and tape is what matters now. Love Mueller Industries' steady earnings power but concerned that a lower net margin could turn a cheap P/E into a value trap over time? Check out our list of solid balance sheet and fundamentals stocks (25 results). - Revenue (Q3 2026 vs. Q3 2025): US$1,418.6m vs. US$1,077.8m (higher quarterly revenue) - Net Income (Excl. Extra Items) (Q3 2026 vs. Q3 2025): US$221.2m vs. US$208.1m (higher quarterly profit) - Basic EPS (Q3 2026 vs. Q3 2025): US$1.02 vs. US$0.95 (higher earnings per share) - Net Profit Margin (Trailing 12 Months vs. Prior Year): 17.3% vs. 18.1% (margin compressed year over year) Earnings tell part of Mueller Industries' story, but investors who care about what they are really paying for tend to focus on the cash flowing through the business. If you look at Mueller Industries' cash flows on their own, the stock could be a slight 11% undervalued. For anyone leaning positive on Mueller Industries as a steady plumbing and HVAC backbone play, this quarter mostly cooperates. Net sales and net income both sit above last year, and basic EPS of US$1.02 edges past Q3 2025. That points to a business still converting demand into profit even with housing headwinds. Management also talks about expanding backlog across all segments, which fits a thesis built on broad end market reach rather than a single hot product cycle. Bears will focus on the 17.3% trailing net margin slipping from 18.1% and the 5% share price drop today. That combination shows investors reacting to pressure on profitability even as revenue and earnings move higher. Concerns about cyclicality in construction and HVAC also stay in play, since management is leaning on reshoring and distribution upgrades to support future demand rather than current housing strength. Are analysts convinced Mueller In…Read full document

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 gentle squeeze in net margin over the past year. That gap between thesis and tape is what matters now. Love Mueller Industries' steady earnings power but concerned that a lower net margin could turn a cheap P/E into a value trap over time? Check out our list of solid balance sheet and fundamentals stocks (25 results). - Revenue (Q3 2026 vs. Q3 2025): US$1,418.6m vs. US$1,077.8m (higher quarterly revenue) - Net Income (Excl. Extra Items) (Q3 2026 vs. Q3 2025): US$221.2m vs. US$208.1m (higher quarterly profit) - Basic EPS (Q3 2026 vs. Q3 2025): US$1.02 vs. US$0.95 (higher earnings per share) - Net Profit Margin (Trailing 12 Months vs. Prior Year): 17.3% vs. 18.1% (margin compressed year over year) Earnings tell part of Mueller Industries' story, but investors who care about what they are really paying for tend to focus on the cash flowing through the business. If you look at Mueller Industries' cash flows on their own, the stock could be a slight 11% undervalued. For anyone leaning positive on Mueller Industries as a steady plumbing and HVAC backbone play, this quarter mostly cooperates. Net sales and net income both sit above last year, and basic EPS of US$1.02 edges past Q3 2025. That points to a business still converting demand into profit even with housing headwinds. Management also talks about expanding backlog across all segments, which fits a thesis built on broad end market reach rather than a single hot product cycle. Bears will focus on the 17.3% trailing net margin slipping from 18.1% and the 5% share price drop today. That combination shows investors reacting to pressure on profitability even as revenue and earnings move higher. Concerns about cyclicality in construction and HVAC also stay in play, since management is leaning on reshoring and distribution upgrades to support future demand rather than current housing strength. Are analysts convinced Mueller Industries' broad end market reach justifies the current optimism, or are they expecting a cooler path ahead? Check the consensus price target analysis for Mueller Industries. Mueller Industries just showed how a solid profit print can still leave investors questioning the stock move. The real opportunity is finding companies that could be undervalued before the market fully catches up. - Company 1 - 40% below our estimate - builds a fast expanding premium tea chain as health focused consumers shift away from sugary, high caffeine drinks. - Company 2 - 45% below our estimate - supplies large LED display systems just as public venues and transport projects switch from static signs to digital screens. - Company 3 - 46% below our estimate - manages complex construction contracts as long duration infrastructure and defense projects shift toward bundled, higher margin project awards. Three companies from the same screener. Open every one of the 33 undervalued companies on it → This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include MLI. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Related articleQuarter not tagged2026-10-20

Mueller Industries: Q3 Earnings Snapshot

Associated Press

Source

COLLIERVILLE, Tenn. (AP) — COLLIERVILLE, Tenn. (AP) — Mueller Industries Inc. (MLI) on Tuesday reported profit of $221.2 million in its third quarter. The Collierville, Tennessee-based company said it had profit of $1 per share. The copper, brass, aluminum and plastic products company posted revenue of $1.42 billion in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MLI at https://www.zacks.com/ap/MLI

Related articleQuarter not tagged2026-10-20

Update: Mueller Industries Shares Fall After Fiscal Q3 Earnings Miss Estimates

MT Newswires

Source

(Updates with the stock move in the headline and first paragraph.) Mueller Industries (MLI) shares fell 8.3% in Tuesday trading after the company posted fiscal Q3 earnings that missed Wall Street expectations. In the quarter ended Sept. 26, earnings rose to $1 per diluted share from $0.94 a year earlier, the company said Tuesday before the market opened. Two analysts polled by FactSet expected $1.08. Net sales increased to $1.42 billion from $1.08 billion a year earlier. Analysts projected $1.29 billion.

Related articleQuarter not tagged2026-10-20

Mueller Industries, Inc. Reports Third Quarter 2026 Earnings

Business Wire

Source

COLLIERVILLE, Tenn., October 20, 2026--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announces results for the third quarter of 2026. Comparisons are to the third quarter of 2025. - Net Sales increased to $1.42 billion versus $1.08 billion. - Net Income increased to $221.2 million versus $208.1 million. - Operating Income increased to $281.6 million versus $276.1 million. - Diluted EPS* increased to $1.00 versus $0.94. - Dividends per share* increased to $.175 versus $.125. * Diluted EPS and dividends per share have been adjusted to reflect the two-for-one stock split that took effect on 6/30/2026. Third Quarter Financial and Operating Highlights: - COMEX copper averaged $6.48 per pound during the quarter, a 34.2 percent increase over the prior year period. - Unit volume growth across most of our businesses, combined with price adjustments related to the rise in material costs, contributed to the increase in net sales. - The results include $9.4 million in charges related to purchase accounting for recent acquisitions. - Net cash generated from operations was $337.0 million, raising our cash and short-term investments at quarter end to $1.48 billion. - During the quarter, we purchased 3.2 million shares of our common stock for a total of $201.9 million. Year-to-date, we have purchased 4.5 million shares. - Our current ratio remains strong at 4.4 to 1. Regarding the results, Greg Christopher, Mueller's CEO said, "For the ninth consecutive quarter, we delivered year over year earnings growth driven by stronger performance across all three of our business segments. Throughout the quarter, demand remained healthy and backlogs grew in each segment, largely propelled by U.S. data center expansions and other commercial building activities. These results are particularly noteworthy given the protracted decline in the residential construction market. Our team has done an excellent job adjusting to shifts in demand and mix, as well as managing price relative to cost escalation." Regarding the outlook, he added "As we approach the finish line for 2026 and look ahead, we remain optimistic as we execute on our key strategic priorities. These include investments in our North American manufacturing operations to reduce costs and reshore production to support shifting demand, along with initiatives to increase our product offerings and expand distribution capabiliti…Read full document

COLLIERVILLE, Tenn., October 20, 2026--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announces results for the third quarter of 2026. Comparisons are to the third quarter of 2025. - Net Sales increased to $1.42 billion versus $1.08 billion. - Net Income increased to $221.2 million versus $208.1 million. - Operating Income increased to $281.6 million versus $276.1 million. - Diluted EPS* increased to $1.00 versus $0.94. - Dividends per share* increased to $.175 versus $.125. * Diluted EPS and dividends per share have been adjusted to reflect the two-for-one stock split that took effect on 6/30/2026. Third Quarter Financial and Operating Highlights: - COMEX copper averaged $6.48 per pound during the quarter, a 34.2 percent increase over the prior year period. - Unit volume growth across most of our businesses, combined with price adjustments related to the rise in material costs, contributed to the increase in net sales. - The results include $9.4 million in charges related to purchase accounting for recent acquisitions. - Net cash generated from operations was $337.0 million, raising our cash and short-term investments at quarter end to $1.48 billion. - During the quarter, we purchased 3.2 million shares of our common stock for a total of $201.9 million. Year-to-date, we have purchased 4.5 million shares. - Our current ratio remains strong at 4.4 to 1. Regarding the results, Greg Christopher, Mueller's CEO said, "For the ninth consecutive quarter, we delivered year over year earnings growth driven by stronger performance across all three of our business segments. Throughout the quarter, demand remained healthy and backlogs grew in each segment, largely propelled by U.S. data center expansions and other commercial building activities. These results are particularly noteworthy given the protracted decline in the residential construction market. Our team has done an excellent job adjusting to shifts in demand and mix, as well as managing price relative to cost escalation." Regarding the outlook, he added "As we approach the finish line for 2026 and look ahead, we remain optimistic as we execute on our key strategic priorities. These include investments in our North American manufacturing operations to reduce costs and reshore production to support shifting demand, along with initiatives to increase our product offerings and expand distribution capabilities across multiple business segments. These actions will keep us well-positioned to capitalize on opportunities when residential building construction recovers in the U.S. and global economic conditions improve." Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservation; electrical transmission; medical; aerospace; and automotive. It includes a network of companies and brands throughout North America, Europe, Asia, and the Middle East. ********************* Statements in this release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties. These include economic and currency conditions, continued availability of raw materials and energy, market demand, pricing, competitive and technological factors, and the availability of financing, among others, as set forth in the Company's SEC filings. The words "outlook," "estimate," "project," "intend," "expect," "believe," "target," "encourage," "anticipate," "appear," and similar expressions are intended to identify forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report. The Company has no obligation to publicly update or revise any forward-looking statements to reflect events after the date of this report. MUELLER INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) | | | | | | For the Quarter Ended | | For the Nine Months Ended (In thousands, except per share data) | | September 26,2026 | | September 27,2025 | | September 26,2026 | | September 27,2025 | | | | | | | | Net sales | | $ | 1,418,598 | | | $ | 1,077,824 | | | $ | 4,039,526 | | | $ | 3,216,162 | | | | | | | | | Cost of goods sold | | | 1,057,156 | | | | 738,148 | | | | 2,924,294 | | | | 2,251,527 | Depreciation and amortization | | | 21,173 | | | | 16,607 | | | | 55,160 | | | | 51,635 | Selling, general, and administrative expense | | | 63,048 | | | | 61,657 | | | | 197,683 | | | | 192,238 | (Gain) loss on disposal of assets, net | | | — | | | | (11,852 | ) | | | 1,720 | | | | (26,654 | ) Gain on sale of business | | | — | | | | — | | | | (41,407 | ) | | | — | Asset impairments | | | — | | | | 2,018 | | | | 2,653 | | | | 2,018 | Gain on insurance proceeds | | | (4,352 | ) | | | (4,869 | ) | | | (4,352 | ) | | | (41,147 | ) | | | | | | | | Operating income | | | 281,573 | | | | 276,115 | | | | 903,775 | | | | 786,545 | | | | | | | | | Interest expense | | | (136 | ) | | | (6 | ) | | | (270 | ) | | | (48 | ) Interest income | | | 12,002 | | | | 10,822 | | | | 34,850 | | | | 28,945 | Unrealized gains (losses) on short-term investments | | | 5,859 | | | | (2,277 | ) | | | 10,367 | | | | 5,925 | Pension plan termination expense | | | — | | | | (4,830 | ) | | | — | | | | (4,830 | ) Other (expense) income, net | | | (62 | ) | | | 627 | | | | (2,421 | ) | | | (423 | ) | | | | | | | | Income before income taxes | | | 299,236 | | | | 280,451 | | | | 946,301 | | | | 816,114 | | | | | | | | | Income tax expense | | | (76,607 | ) | | | (73,904 | ) | | | (239,031 | ) | | | (204,236 | ) Income from unconsolidated affiliates, net of foreign tax | | | 1,688 | | | | 3,701 | | | | 8,723 | | | | 6,140 | | | | | | | | | Consolidated net income | | | 224,317 | | | | 210,248 | | | | 715,993 | | | | 618,018 | | | | | | | | | Net income attributable to noncontrolling interests | | | (3,117 | ) | | | (2,125 | ) | | | (6,120 | ) | | | (6,539 | ) | | | | | | | | Net income attributable to Mueller Industries, Inc. | | $ | 221,200 | | | $ | 208,123 | | | $ | 709,873 | | | $ | 611,479 | | | | | | | | | Weighted average shares for basic earnings per share (1) | | | 216,988 | | | | 218,228 | | | | 217,530 | | | | 219,066 | Effect of dilutive stock-based awards (1) | | | 3,129 | | | | 3,632 | | | | 3,513 | | | | 4,230 | | | | | | | | | Adjusted weighted average shares for diluted earnings per share (1) | | | 220,117 | | | | 221,860 | | | | 221,043 | | | | 223,296 | | | | | | | | | Basic earnings per share (1) | | $ | 1.02 | | | $ | 0.95 | | | $ | 3.26 | | | $ | 2.79 | | | | | | | | | Diluted earnings per share (1) | | $ | 1.00 | | | $ | 0.94 | | | $ | 3.21 | | | $ | 2.74 | | | | | | | | | Dividends per share (1) | | $ | 0.175 | | | $ | 0.125 | | | $ | 0.525 | | | $ | 0.375 | | | | | | | | | (1) Adjusted retroactively to reflect the two-for-one stock split that occurred on June 30, 2026. | | | | | | | | MUELLER INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME, CONTINUED (Unaudited) | | | | | | | | | | For the Quarter Ended | | For the Nine Months Ended (In thousands) | | September 26,2026 | | September 27,2025 | | September 26,2026 | | September 27,2025 | | | | | | | | Summary Segment Data: | | | | | | | | | | | | | | | | Net sales: | | | | | | | | Piping Systems Segment | | $ | 890,610 | | | $ | 718,404 | | | $ | 2,597,713 | | | $ | 2,101,562 | Industrial Metals Segment | | | 409,377 | | | | 248,939 | | | | 1,085,652 | | | | 771,450 | Climate Segment | | | 142,827 | | | | 126,665 | | | | 411,544 | | | | 387,287 | Elimination of intersegment sales | | | (24,216 | ) | | | (16,184 | ) | | | (55,383 | ) | | | (44,137 | ) | | | | | | | | Net sales | | $ | 1,418,598 | | | $ | 1,077,824 | | | $ | 4,039,526 | | | $ | 3,216,162 | | | | | | | | | Operating income: | | | | | | | | Piping Systems Segment | | $ | 225,260 | | | $ | 216,159 | | | $ | 690,616 | | | $ | 624,619 | Industrial Metals Segment | | | 33,713 | | | | 30,928 | | | | 120,771 | | | | 91,622 | Climate Segment | | | 46,270 | | | | 38,900 | | | | 122,232 | | | | 117,152 | Unallocated expenses | | | (23,670 | ) | | | (9,872 | ) | | | (29,844 | ) | | | (46,848 | ) | | | | | | | | Operating income | | $ | 281,573 | | | $ | 276,115 | | | $ | 903,775 | | | $ | 786,545 | MUELLER INDUSTRIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS | | | | | | (Unaudited) | | (In thousands) | | September 26,2026 | | December 27,2025 ASSETS | | | | Cash and cash equivalents | | $ | 1,447,799 | | $ | 1,367,003 Short-term investments | | | 33,100 | | | 22,733 Accounts receivable, net | | | 723,993 | | | 475,566 Inventories | | | 621,390 | | | 510,463 Other current assets | | | 53,215 | | | 69,980 | | | | Total current assets | | | 2,879,497 | | | 2,445,745 | | | | Property, plant, and equipment, net | | | 602,787 | | | 536,466 Operating lease right-of-use assets | | | 21,066 | | | 27,211 Other assets | | | 794,244 | | | 723,607 | | | | Total assets | | $ | 4,297,594 | | $ | 3,733,029 | | | | LIABILITIES AND STOCKHOLDERS' EQUITY | | | | Accounts payable | | $ | 297,923 | | $ | 180,577 Current portion of operating lease liabilities | | | 8,181 | | | 8,520 Other current liabilities | | | 349,488 | | | 224,037 | | | | Total current liabilities | | | 655,592 | | | 413,134 | | | | Long-term debt | | | 5,243 | | | — Pension and postretirement liabilities | | | 8,748 | | | 8,393 Environmental reserves | | | 15,758 | | | 15,684 Deferred income taxes | | | 46,345 | | | 31,640 Noncurrent operating lease liabilities | | | 13,097 | | | 18,970 Other noncurrent liabilities | | | 10,493 | | | 9,302 | | | | Total liabilities | | | 755,276 | | | 497,123 | | | | Total Mueller Industries, Inc. stockholders' equity | | | 3,511,451 | | | 3,209,966 Noncontrolling interests | | | 30,867 | | | 25,940 | | | | Total equity | | | 3,542,318 | | | 3,235,906 | | | | Total liabilities and equity | | $ | 4,297,594 | | $ | 3,733,029 MUELLER INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) | | | | For the Nine Months Ended (In thousands) | | September 26,2026 | | September 27,2025 | | | | Cash flows from operating activities | | | | Consolidated net income | | $ | 715,993 | | | $ | 618,018 | Reconciliation of consolidated net income to net cash provided by operating activities: | | | | Depreciation and amortization | | | 55,160 | | | | 51,635 | Stock-based compensation expense | | | 23,307 | | | | 20,328 | Provision for credit losses | | | 802 | | | | 67 | Income from unconsolidated affiliates | | | (8,723 | ) | | | (6,140 | ) Dividends from unconsolidated affiliates | | | 5,701 | | | | 5,440 | Insurance proceeds - noncapital related | | | — | | | | 15,469 | Loss (gain) on disposals of assets, net | | | 1,720 | | | | (26,654 | ) Gain on sale of business | | | (41,407 | ) | | | — | Unrealized gains on short-term investments | | | (10,367 | ) | | | (5,925 | ) Impairment charges | | | 2,653 | | | | 2,018 | Gain on insurance proceeds | | | (4,352 | ) | | | (41,147 | ) Deferred income tax expense | | | 17,282 | | | | 10,627 | Changes in assets and liabilities, net of effects of businesses acquired and sold: | | | | Receivables | | | (253,596 | ) | | | (100,830 | ) Inventories | | | (95,916 | ) | | | (40,669 | ) Other assets | | | 3,466 | | | | (8,756 | ) Current liabilities | | | 219,818 | | | | 120,796 | Other liabilities | | | 1,376 | | | | 286 | Other, net | | | (3,952 | ) | | | (330 | ) | | | | Net cash provided by operating activities | | $ | 628,965 | | | $ | 614,233 | | | | | Cash flows from investing activities | | | | Capital expenditures | | $ | (60,764 | ) | | $ | (48,982 | ) Acquisition of business, net of cash acquired | | | (135,752 | ) | | | — | Proceeds from sale of business, net of cash sold | | | 57,004 | | | | — | Insurance proceeds - capital related | | | 4,352 | | | | 4,531 | Purchase of short-term investments | | | — | | | | (26,633 | ) Purchase of long-term investments | | | (5,834 | ) | | | (781 | ) Proceeds from sales of assets | | | 62 | | | | 38,478 | Other | | | — | | | | 600 | | | | | Net cash used in investing activities | | $ | (140,932 | ) | | $ | (32,787 | ) | | | | | | | | MUELLER INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) | | | | | | For the Nine Months Ended (In thousands) | | September 26,2026 | | September 27,2025 | | | | Cash flows from financing activities | | | | Dividends paid to stockholders of Mueller Industries, Inc. | | $ | (113,869 | ) | | $ | (81,723 | ) Repurchase of common stock | | | (278,297 | ) | | | (243,615 | ) Repayments of debt | | | — | | | | (185 | ) Net cash used to settle stock-based awards | | | (24,882 | ) | | | (29,528 | ) Dividends paid to noncontrolling interests | | | (5,051 | ) | | | (12,240 | ) Other | | | 3,100 | | | | — | | | | | Net cash used in financing activities | | $ | (418,999 | ) | | $ | (367,291 | ) | | | | Effect of exchange rate changes on cash | | | (4,214 | ) | | | 9,836 | | | | | Increase in cash, cash equivalents, and restricted cash | | | 64,820 | | | | 223,991 | Cash, cash equivalents, and restricted cash at the beginning of the period | | | 1,385,157 | | | | 1,038,895 | | | | | Cash, cash equivalents, and restricted cash at the end of the period | | $ | 1,449,977 | | | $ | 1,262,886 | View source version on businesswire.com: https://www.businesswire.com/news/home/20261020522284/en/ Contacts Jeffrey A. Martin (901) 753-3226

Related articleQuarter not tagged2026-10-20

Mueller Industries Fiscal Q3 Earnings, Sales Rise

MT Newswires

Source

Mueller Industries (MLI) reported fiscal Q3 earnings Tuesday of $1 per diluted share, up from $0.94 a year earlier. Two analysts polled by FactSet expected $1.08. Net sales for the quarter ended Sept. 26 were $1.42 billion, compared with $1.08 billion a year earlier. Analysts expected $1.29 billion.

Related articleQuarter not tagged2026-08-06

Mueller Industries, Inc. Declares Cash Dividend for Third Quarter

Business Wire

Source

COLLIERVILLE, Tenn., August 06, 2026--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 17.5 cents per share. The dividend will be payable September 18, 2026 to shareholders of record on September 4, 2026. Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservation; electrical transmission; medical; aerospace; and automotive. It includes a network of companies and brands throughout North America, Europe, Asia, and the Middle East. Statements in this release that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties. These include economic and currency conditions, continued availability of raw materials and energy, market demand, pricing, competitive and technological factors, and the availability of financing, among others, as set forth in the Company's SEC filings. The words "outlook," "estimate," "project," "intend," "expect," "believe," "target," "encourage," "anticipate," "appear," and similar expressions are intended to identify forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date of this report. The Company has no obligation to publicly update or revise any forward-looking statements to reflect events after the date of this report. View source version on businesswire.com: https://www.businesswire.com/news/home/20260806173810/en/ Contacts Jeffrey A. Martin(901)753-3226