What does piping systems — asset impairments mean?

The reduction in value of assets that are no longer worth their recorded book value.

How do you interpret piping systems — asset impairments?

An increase signals potential operational distress, technological obsolescence, or a decline in the long-term value of segment assets.

How does piping systems — asset impairments compare across companies?

Standard impairment disclosure required under GAAP for all business segments.

Mueller Industries MLI Piping Systems — Asset impairments

Other segment segments

Climate

$0—

Corporate and Unallocated

$0—

Industrial Metals

$0—

Similar metrics at other companies

WMSPipe — D&A

$24.63M+20.8%

MOG.BIndustrial Systems — Asset Impairment Charges

$653.25K—

AMWater Handling — Impairment Of Long Lived Assets Held For Use

$167K—

WMSPipe — Disposal

$0-100%

MASPlumbing Products — Impairment charges for goodwill and other intangible assets

$0—

AMWater Handling — Impairment Of Long Lived Assets To Be Disposed Of

$916.5K—

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 piping systems — asset impairments?: Mueller Industries (MLI) reported piping systems — asset impairments of $2.65M in Q1 2026.
What does piping systems — asset impairments mean?: The reduction in value of assets that are no longer worth their recorded book value.
How do you interpret piping systems — asset impairments?: An increase signals potential operational distress, technological obsolescence, or a decline in the long-term value of segment assets.
How does piping systems — asset impairments compare across companies?: Standard impairment disclosure required under GAAP for all business segments.