What is Mueller Industries's industrial metals — reductions?

Mueller Industries (MLI) reported industrial metals — reductions of $0 in Q4 2025.

What does industrial metals — reductions mean?

This represents the decrease in the value of goodwill or other intangible assets for the Industrial Metals segment, often due to divestitures, reclassifications, or specific accounting adjustments. It provides insight into the contraction or restructuring of the segment's intangible asset base. Tracking this helps identify if the company is shedding underperforming units.

Mueller Industries (MLI) Industrial Metals — Reductions

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Other segment segments

Piping Systems

-$14.45M—

Climate

$0—

Similar metrics at other companies

AZZPrecoat Metals — Other

$0—

IPPS EMEA — Goodwill additions/reductions

$0—

IPPS NA — Goodwill additions/reductions

$0—

NDSNIndustrial Precisions Solutions — Other (2)

$0—

PPGIndustrial Coatings — Other

$57M-19.7%

LFUSIndustrial — Other segment expenses

$122.48M+54.1%

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 / equity0×0.0×

Current ratio4.8×-0.1×

Where this comes from

Reported directly by Mueller Industries in its filing.

Tagged under the XBRL concept us-gaap:GoodwillOtherIncreaseDecrease.

The source filing: Mueller Industries’s 10-K, filed February 25, 2026.

Filed: Feb 25, 2026, 4:44 PM EST
Fiscal year: FY2025
Accession: 0000089439-26-000008

(In thousands)	Piping Systems	Industrial Metals	Climate	Total
Additions (1)	15,107	146,137	—	161,244
Currency translation	(1,899)	—	—	(1,899)
Balance at December 28, 2024:	145,462	146,138	19,565	311,165
Reductions (2)	(14,449)	—	—	(14,449)
Currency translation	1,472	—	—	1,472
Balance at December 27, 2025:
Goodwill	173,037	154,991	21,652	349,680
Accumulated impairment charges	(40,552)	(8,853)	(2,087)	(51,492)

ITEM 16. Form 10-K Summary

FAQ

What is Mueller Industries's industrial metals — reductions?: Mueller Industries (MLI) reported industrial metals — reductions of $0 in Q4 2025.
What does industrial metals — reductions mean?: This represents the decrease in the value of goodwill or other intangible assets for the Industrial Metals segment, often due to divestitures, reclassifications, or specific accounting adjustments. It provides insight into the contraction or restructuring of the segment's intangible asset base. Tracking this helps identify if the company is shedding underperforming units.