What does operating segments — asset impairment charges mean?

The accounting write-down of asset values within a segment due to a decline in their worth.

How do you interpret operating segments — asset impairment charges?

An increase suggests poor capital allocation or deteriorating business conditions, while a zero or low value indicates stable asset health.

How does operating segments — asset impairment charges compare across companies?

Commonly reported by capital-intensive industrial companies during periods of restructuring.

Mueller Industries MLI Operating Segments — Asset Impairment Charges

Discontinued — last reported Q1 '18

Similar metrics at other companies

RBAOperating Segments — Asset Impairment Charges

$8.91M—

SPXCOperating Segments — Asset Impairment Charges

$75K—

RRXOperating Segments — Asset Impairment Charges

$10M+751%

APTVOperating Segments — Asset Impairment Charges

$1M-75.0%

WYOperating Segments — Asset Impairment Charges

$6M+60.0%

PEA

PEAKOperating Segments — Asset Impairment Charges

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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

FCF margin14.9%+2.0pp

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 25, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — asset impairment charges mean?: The accounting write-down of asset values within a segment due to a decline in their worth.
How do you interpret operating segments — asset impairment charges?: An increase suggests poor capital allocation or deteriorating business conditions, while a zero or low value indicates stable asset health.
How does operating segments — asset impairment charges compare across companies?: Commonly reported by capital-intensive industrial companies during periods of restructuring.