How do you interpret piping systems — gain on sale of manufacturing equipment?

Gains indicate that equipment was sold for more than its remaining book value, suggesting effective asset maintenance or favorable market conditions.

How does piping systems — gain on sale of manufacturing equipment compare across companies?

Specific subset of asset disposal gains common in industrial manufacturing segments.

Mueller Industries MLI Piping Systems — Gain on sale of manufacturing equipment

Discontinued — last reported Q4 '18

Similar metrics at other companies

WMSPipe — Disposal

$0-100%

MOG.BIndustrial Systems — Gain (Loss) on Sale of Business

-$15.25M-893%

WMSPipe — Adjusted Gross Profit

$97.1M+8.8%

MOG.BIndustrial Systems — Gain (Loss) on Divestiture

-$1.54M—

WMSPipe Segment — Goodwill

$0-100%

WMSPipe Segment — Acquisitions

$0—

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:GainLossOnSaleOfPropertyPlantEquipment.

The official record: Mueller Industries’s 10-K, filed February 24, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does piping systems — gain on sale of manufacturing equipment mean?: Profit generated from selling old or unused manufacturing equipment in the Piping Systems segment.
How do you interpret piping systems — gain on sale of manufacturing equipment?: Gains indicate that equipment was sold for more than its remaining book value, suggesting effective asset maintenance or favorable market conditions.
How does piping systems — gain on sale of manufacturing equipment compare across companies?: Specific subset of asset disposal gains common in industrial manufacturing segments.