What does industrial metals — asset impairments mean?

Accounting charges for the loss in value of segment assets.

How do you interpret industrial metals — asset impairments?

High or frequent impairment charges signal poor capital allocation, declining asset utility, or deteriorating market conditions for the segment's products.

How does industrial metals — asset impairments compare across companies?

Standard risk metric for industrial companies with significant property, plant, and equipment (PP&E).

Mueller Industries MLI Industrial Metals — Asset impairments

Other segment segments

Piping Systems

$2.65M—

Climate

$0—

Corporate and Unallocated

$0—

Similar metrics at other companies

MOG.BIndustrial Systems — Asset Impairment Charges

$653.25K—

LFUSIndustrial — Impairments

$0-100%

MOG.BIndustrial — Asset Impairment Charges

$653.25K—

LFUSIndustrial — Impairment Charges

$0—

RSMetals Service Centers — Asset Impairment Charges

$2.48M-15.4%

LFUSIndustrial — Other Asset Impairment Charges

$2.24M—

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: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 industrial metals — asset impairments?: Mueller Industries (MLI) reported industrial metals — asset impairments of $0 in Q1 2026.
What does industrial metals — asset impairments mean?: Accounting charges for the loss in value of segment assets.
How do you interpret industrial metals — asset impairments?: High or frequent impairment charges signal poor capital allocation, declining asset utility, or deteriorating market conditions for the segment's products.
How does industrial metals — asset impairments compare across companies?: Standard risk metric for industrial companies with significant property, plant, and equipment (PP&E).