What does piping systems — goodwill, impairment loss mean?

A write-down in the value of previously acquired assets within the Piping Systems segment.

How do you interpret piping systems — goodwill, impairment loss?

An impairment charge signals that the segment's long-term growth prospects or market position have deteriorated.

How does piping systems — goodwill, impairment loss compare across companies?

Standard accounting impairment test result reported in segment-level asset disclosures.

Mueller Industries MLI Piping Systems — Goodwill, Impairment Loss

Discontinued — last reported Q4 '21

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MASPlumbing Products — Goodwill, Impairment Loss

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MASPlumbing Products — Goodwill, Impaired, Accumulated Impairment Loss

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MASPlumbing Products — Impairment charges for goodwill and other intangible assets

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MOG.BIndustrial Systems — Goodwill Impairment

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WMSPipe Segment — Goodwill

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VMI

VMIInfrastructure — Goodwill Impairment

$41.87M—

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:GoodwillImpairmentLoss.

The official record: Mueller Industries’s 10-K, filed February 28, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mueller Industries's piping systems — goodwill, impairment loss?: Mueller Industries (MLI) reported piping systems — goodwill, impairment loss of $0 in Q4 2021.
What does piping systems — goodwill, impairment loss mean?: A write-down in the value of previously acquired assets within the Piping Systems segment.
How do you interpret piping systems — goodwill, impairment loss?: An impairment charge signals that the segment's long-term growth prospects or market position have deteriorated.
How does piping systems — goodwill, impairment loss compare across companies?: Standard accounting impairment test result reported in segment-level asset disclosures.