What does climate — severance costs1 mean?

One-time costs paid to employees as part of restructuring or downsizing in the climate segment.

How do you interpret climate — severance costs1?

High costs indicate active restructuring, which may lead to future efficiency gains but signals current organizational friction.

How does climate — severance costs1 compare across companies?

Often included in 'Restructuring Charges'; peers report these to explain temporary margin dips.

Mueller Industries MLI Climate — Severance Costs1

Discontinued — last reported Q4 '19

Similar metrics at other companies

MODClimate Solutions — Severance Costs1

$925K—

MODClimate Solutions — Restructuring Charges

$2.9M-9.4%

RRXClimate Solutions — Restructuring Costs

$400K-63.6%

RRXClimate Solutions — Total restructuring and restructuring-related costs

$2.53M+216%

DOVClimate & Sustainability Technologies — Restructuring Charges

$8.53M+412%

MODVehicular Thermal Solutions And Commercial And Industrial Solutions — Severance Costs1

$4M—

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:SeveranceCosts1.

The official record: Mueller Industries’s 10-K, filed February 26, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does climate — severance costs1 mean?: One-time costs paid to employees as part of restructuring or downsizing in the climate segment.
How do you interpret climate — severance costs1?: High costs indicate active restructuring, which may lead to future efficiency gains but signals current organizational friction.
How does climate — severance costs1 compare across companies?: Often included in 'Restructuring Charges'; peers report these to explain temporary margin dips.