What does climate — goodwill, impairment loss mean?

A write-down of the value of intangible assets associated with the climate segment.

How do you interpret climate — goodwill, impairment loss?

An impairment charge is a negative signal indicating that previous acquisitions or investments are not performing as expected.

How does climate — goodwill, impairment loss compare across companies?

Standard accounting impairment; peers report this during annual testing or when triggering events occur.

Mueller Industries MLI Climate — Goodwill, Impairment Loss

Discontinued — last reported Q4 '21

Similar metrics at other companies

RRXClimate Solutions — Goodwill Impairment

$0—

DOVClimate & Sustainability Technologies — Goodwill, Impaired, Accumulated Impairment Loss

$0—

MODClimate Solutions — Asset Impairment Charges

$75K—

RRXClimate Solutions — Cumulative Goodwill Impairment Charges

$17.2M0.0%

RRXClimate Solutions — Goodwill, Written off Related to Sale of Business Unit

$0—

RRXClimate Solutions — Asset Impairment Charges

$0—

Other financials

Income statement

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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

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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

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Operating cash flow$79.7M-29.8%

CapEx$17.2M+3.9%

Free cash flow$62.5M-35.5%

Valuation

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Market cap$15.19B+45.3%

Enterprise value$13.83B+42.8%

P/E17.9×+1.2×

P/S3.5×+0.8×

Profitability

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Gross margin29.7%+2.3pp

Operating margin24.4%+4.1pp

Net margin19.4%+3.5pp

Returns & leverage

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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:GoodwillImpairmentLoss.

The official record: Mueller Industries’s 10-K, filed February 28, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mueller Industries's climate — goodwill, impairment loss?: Mueller Industries (MLI) reported climate — goodwill, impairment loss of $521.75K in Q4 2021.
What does climate — goodwill, impairment loss mean?: A write-down of the value of intangible assets associated with the climate segment.
How do you interpret climate — goodwill, impairment loss?: An impairment charge is a negative signal indicating that previous acquisitions or investments are not performing as expected.
How does climate — goodwill, impairment loss compare across companies?: Standard accounting impairment; peers report this during annual testing or when triggering events occur.