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Mueller Industries MLI Piping Systems — Asset impairments

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$0
Corporate and Unallocated
$0
Industrial Metals
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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×
Current ratio4.8×-0.1×

Where this comes from

Reported directly by Mueller Industries in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: Mueller Industries’s 10-Q, filed April 22, 2026.

Filed
Apr 22, 2026, 4:36 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000089439-26-000018
(In thousands)Piping SystemsIndustrial MetalsClimateCorporate and UnallocatedTotal
Depreciation and amortization (5)$5,602$8,308$1,679$1,063$16,652
Loss on disposal of assets, net1,52581,533
Asset impairments2,6532,653
Gain on sale of business(41,407)(41,407)
Expenditures for long-lived assets (including those resulting from business acquisitions)4,66710,9341,63517,236
Segment assets1,353,134922,618268,5771,398,0343,942,363
(5) The amount of depreciation and amortization disclosed by reportable segment is included within the other segment expense captions, such as manufacturing costs or other segment items.

Item 1. – Financial Statements (Unaudited)

FAQ

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 write-down of the carrying value of assets within the Piping Systems segment when their fair value falls below their book value. This reflects potential issues with asset productivity or market value.

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