Business
Paul Mueller Company Announces its Earnings for the year 2015
Paul Mueller Company Announces its Earnings for the year 2015.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n\n SPRINGFIELD, Mo., March 18, 2016 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC:MUEL) today announced earnings for the year ended December 31, 2015.  The 2015 Annual Report is available at: www.paulmueller.com. \n    PAUL MUELLER COMPANY     TWELVE-MONTH REPORT           CONSOLIDATED STATEMENTS OF INCOME                            Three Months Ended Twelve Months Ended           December 31 December 31            2015   2014   2015   2014                          Net Sales    $44,140,000  $50,555,000  $178,595,000  $ 200,713,000       Cost of Sales     32,096,000   37,285,000   126,362,000    147,189,000       Gross Profit  $12,044,000  $ 13,270,000  $  52,233,000  $53,524,000       Selling, General and Administrative Expense  8,712,000   11,283,000     39,035,000     42,616,000       Operating Income   $  3,332,000  $  1,987,000  $  13,198,000  $  10,908,000       Other Income (Expense)     26,000     (358,000)    (585,000)    (894,000)      Income before Provision for Income Taxes $  3,358,000  $  1,629,000  $  12,613,000  $  10,014,000       Provision (Benefit) for Income Taxes     1,680,000  ...