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Mueller Industries MLI Industrial Metals — Asset impairments

Other segment segments

Piping Systems
$2.65M
Climate
$0
Corporate and Unallocated
$0

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Other financials

Income statement

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Revenue$1.4B+25.5%
Gross profit$395.3M+12.0%
Operating income$310.0M+1.9%
Net income$249.7M+1.5%
EPS (diluted)$1.13+1.8%

Balance sheet

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Cash & equivalents$1.4B+38.1%
Total debt$24.7M-20.2%
Total equity$3.5B+21.6%
Total assets$4.3B+22.1%

Cash flow

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Operating cash flow$212.3M+11.4%
CapEx$21.6M+52.9%
Free cash flow$190.7M+8.0%

Valuation

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Market cap$15.32B+58.5%
Enterprise value$13.95B+60.5%
P/E18×+4.4×
P/S3.3×+0.9×

Profitability

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Gross margin28.8%+0.3pp
Operating margin23%+1.1pp
Net margin18.2%+0.8pp
FCF margin14.3%-0.2pp

Returns & leverage

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Return on equity26.3%+0.3pp
Debt / equity0.0×
Current ratio4.8×-0.1×

Where this comes from

Reported directly by Mueller Industries in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: Mueller Industries’s 10-Q, filed July 22, 2026.

Filed
Jul 22, 2026, 4:17 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000089439-26-000032
(In thousands)Piping SystemsIndustrial MetalsClimateCorporate and UnallocatedTotal
Depreciation and amortization$11,950$16,491$3,428$2,118$33,987
Loss on disposal of assets, net1,5908122$1,720
Asset impairments2,6532,653
Gain on sale of business(41,407)(41,407)
Expenditures for long-lived assets (including those resulting from business acquisitions)32,48422,1854,34359,012

Item 1. – Financial Statements (Unaudited)

FAQ

What is Mueller Industries's industrial metals — asset impairments?
Mueller Industries (MLI) reported industrial metals — asset impairments of $0 in Q2 2026.
What does industrial metals — asset impairments mean?
Non-cash charges recognized when the carrying value of an asset within the industrial metals segment exceeds its fair market value. This indicates a reduction in the expected future economic benefit of those assets.

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