木勒工业 2025年季度报告

and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.Large accelerated filer☒Accelerated filerNon-accelerated filer☐Smaller reporting company complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). The number of shares of the Registrant’s common stock outstanding as of July18, 2025 was110,700,752. FORM 10-QFor the Quarterly Period Ended June28, 2025 As used in this report, the terms “Company,” “Mueller,” and “Registrant” mean Mueller Industries, Inc. and its consolidatedsubsidiaries taken as a whole, unless the context indicates otherwise. INDEXPage NumberPart I.Financial Information Item 1.– Financial Statements (Unaudited) a.)Condensed Consolidated Statements of Income b.)Condensed Consolidated Statements of Comprehensive Income c.)Condensed Consolidated Balance Sheets f.)Notes to Condensed Consolidated Financial Statements Item 2.– Management's Discussion and Analysis of Financial Condition and Results of OperationsItem 3.– Quantitative and Qualitative Disclosures About Market RiskItem 4.– Controls andProceduresPart II.Other InformationItem 1.– Legal ProceedingsItem 1A. – Risk FactorsItem 2.– Unregistered Sales of Equity Securities and Use of ProceedsItem 5.– Other InformationItem 6.– Exhibits2 Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The new guidance requires a public entity to disclosesignificant segment expenses and other segment items on an annual and interim basis and to provide in interim periods all disclosures and is effective for fiscal years beginning after December 15, 2023, and for interim periods beginning after December 15, 2024. Theupdated guidance requires retrospective adoption, and early adoption was permitted. The Company adopted the ASU during the fourthquarter of 2024 and updated its disclosures accordingly. See “Note 4 - Segment Information” for additional information. In November 2024, the FASB issued ASU 2024-03,Income Statement - Reporting Comprehensive Income - Expense DisaggregationDisclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The new guidance requires disclosure of additionalinformation about specific expense categories. The guidance applies to all public entities and is effective for fiscal years beginning the standard on its disclosures. In March 2024, the Securities and Exchange Commission (SEC) issued final rules on the enhancement and standardization of climate- such risks, governance and management of such risks, and material greenhouse gas (GHG) emissions from operations owned orcontrolled (Scope 1) and/or indirect emissions from purchased energy consumed in operations (Scope 2). Additionally, the rulesrequire disclosure in the notes to the financial statements of the effects of severe weather events and other natural conditions, subject tocertain materiality thresholds. The rules are scheduled to become effective on a phased-in timeline in fiscal years beginning in 2025;however, in March 2025 the SEC announced it was ending its defense of the rules in pending litigation, meaning it is uncertain if or the process of analyzing the impact of the standard on its annual disclosures. Note 2 –Earnings per Common ShareBasic per share amounts have been computed based on the average number of common shares outstanding.Diluted per share amounts Elkhart Products Corporation Products Corporation (Elkhart) for approximately$38.2 million in cash at closing, net of cash acquired and working capitaladjustments. Elkhart is a U.S. manufacturer of copper solder fittings withtwomanufacturing locations in Elkhart, Indiana andFayetteville, Arkansas. The business complements the Company’s existing business within the Piping Systems segmentwhere theoperating results are included in the Domestic Piping Systems Group subsequent to the acquisition date.The provisional fair value of the assets acquired totaled $49.7million, consisting primarily of property, plant, and equipment of the amounts presented in the Company’s Q1 2025 Quarterly Report on Form 10-Q included the valuation of property, plant, andequipment and intangible assets. These changes resulted in a net decrease to goodwill of $14.5million.The acquisition of Elkhart was not material to the Company's financial position or results of operations; therefore, pro forma operating Nehring Electrical Works Company On April 19, 2024, the Company entered into an equit