What does industrial metals — currency translation mean?

The change in value of the Industrial Metals segment's assets caused by foreign currency exchange rate shifts.

How do you interpret industrial metals — currency translation?

Fluctuations indicate the segment's sensitivity to global currency markets rather than operational performance changes.

How does industrial metals — currency translation compare across companies?

Standard disclosure for multinational corporations with international operations.

Mueller Industries MLI Industrial Metals — Currency translation

Other segment segments

Piping Systems

$1.47M+178%

Climate

$0—

Similar metrics at other companies

ULSIndustrial — Effect of changes in foreign exchange rates

-$3M-200%

LFUSIndustrial — Currency translation

-$1.35M-167%

MKLIndustrial — Foreign currency movements and other adjustments

$26.5K+1.0%

MOG.BIndustrial Systems — Foreign currency translation

$1.22M+112%

LFUSIndustrial — Foreign currency translation adjustments

-$1.35M-167%

SWKIndustrial — Foreign currency translation and other

-$11.6M—

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:GoodwillForeignCurrencyTranslationGainLoss.

The official record: Mueller Industries’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mueller Industries's industrial metals — currency translation?: Mueller Industries (MLI) reported industrial metals — currency translation of $0 in Q4 2025.
What does industrial metals — currency translation mean?: The change in value of the Industrial Metals segment's assets caused by foreign currency exchange rate shifts.
How do you interpret industrial metals — currency translation?: Fluctuations indicate the segment's sensitivity to global currency markets rather than operational performance changes.
How does industrial metals — currency translation compare across companies?: Standard disclosure for multinational corporations with international operations.