Business
Paul Mueller Company Announces its First Quarter Earnings of 2016
Paul Mueller Company Announces its First Quarter Earnings of 2016.
About this update from Mueller (paul) Co.
[{"type":"text","content":"\n\n SPRINGFIELD, Mo., April 29, 2016 (GLOBE NEWSWIRE) -- Paul Mueller Company (OTC:MUEL) today announced earnings for the quarter ended March 31, 2016. \n    PAUL MUELLER COMPANY     THREE-MONTH REPORT     CONSOLIDATED STATEMENTS OF INCOME                              Three Months Ended Twelve Months Ended           March 31 March 31            2016   2015   2016   2015                          Net Sales    $  41,161,000  $  44,643,000  $  175,113,000  $  199,344,000       Cost of Sales       28,845,000     32,441,000     122,766,000     145,947,000       Gross Profit  $  12,316,000  $  12,202,000  $  52,347,000  $  53,397,000       Selling, General and Administrative Expense    10,865,000     9,815,000     40,085,000     41,904,000       Operating Income   $  1,451,000  $  2,387,000  $  12,262,000  $  11,493,000       Interest Expense      (36,000)    (121,000)    (277,000)    (693,000)      Other Income (Expense)     (48,000)    (9,000)    (262,000)    (217,000)      Income before Provision for Income Taxes $  1,367,000  $  2,257,000  $  11,723,000  $...