What is Mueller Industries's impairment charges?

Mueller Industries (MLI) reported impairment charges of $2.65M in Q1 2026.

What does impairment charges mean?

A non-cash expense recorded when an asset's value is written down due to a decline in its worth.

How do you interpret impairment charges?

An increase suggests potential overpayment for past acquisitions or deteriorating business conditions for specific assets.

How does impairment charges compare across companies?

Common in capital-intensive industries; infrequent but significant for companies with large acquisition histories.

Mueller Industries MLI Impairment Charges

Impairment Charges at other companies

MascoMAS

$1.25M—

Modine ManufacturingMOD

$4.1M—

RBC BearingsRBC

$200K+60.0%

AlcoaAA

$36M—

Segments

By segment

See full

Piping Systems$2.65M—

Climate$0—

Corporate and Unallocated$0—

Industrial Metals$0—

Other financials

Income statement

See full

Revenue$1.2B+19.3%

Gross profit$358.4M+31.8%

Operating income$312.2M+51.4%

Net income$239.0M+51.8%

EPS (diluted)$2.16+55.4%

Balance sheet

See full

Cash & equivalents$1.4B+64.8%

Total debt$22.8M-30.7%

Total equity$3.3B+25.1%

Total assets$3.9B+22.0%

Cash flow

See full

Operating cash flow$79.7M-29.8%

CapEx$17.2M+3.9%

Free cash flow$62.5M-35.5%

Valuation

See full

Market cap$15.19B+45.3%

Enterprise value$13.83B+42.8%

P/E17.9×+1.2×

P/S3.5×+0.8×

Profitability

See full

Gross margin29.7%+2.3pp

Operating margin24.4%+4.1pp

Net margin19.4%+3.5pp

Returns & leverage

See full

Return on equity28.2%+3.7pp

Debt / equity0×0.0×

Current ratio5.4×+1.1×

Where this comes from

Reported directly by Mueller Industries in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Mueller Industries’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mueller Industries's impairment charges?: Mueller Industries (MLI) reported impairment charges of $2.65M in Q1 2026.
What does impairment charges mean?: A non-cash expense recorded when an asset's value is written down due to a decline in its worth.
How do you interpret impairment charges?: An increase suggests potential overpayment for past acquisitions or deteriorating business conditions for specific assets.
How does impairment charges compare across companies?: Common in capital-intensive industries; infrequent but significant for companies with large acquisition histories.